Parsons Corporation Wins $81M US Army Contract for Advanced Radar, AI Solutions

Parsons Corporation (NYSE:PSN) is one of the best IT stocks to invest in according to hedge funds. On September 4, Parsons Corporation announced that it has secured an $81 million C5ISR radar contract from the US Army Combat Capabilities Development Command/DEVCOM. This is a re-compete Task Order awarded under the Responsive Strategic Sourcing for Services/RS3 contract vehicle. The contract has a 12-month base period of performance, along with four 12-month option periods. Under the contract, Parsons will ...