- Parsons Corp (NYSE:PSN) has won a $28 million multiple-award contract to support the networks division (Code 55100) at the Naval Warfare Center, Pacific (NIWC Pacific) in engineering and technical services spanning naval, joint, allied, and coalition operations.
- The contract has a three-year base period with four one-year options for an overall potential value of $68 million.
- Parsons team will provide continuing command, control, communications, computer, and intelligence surveillance reconnaissance (C4ISR) systems engineering support.
- Price Action: PSN shares traded higher by 0.63% at $33.3 on the last check Friday.
Morgan Stanley Maintains Equal-Weight on Electronic Arts, Lowers Price Target to $150
Morgan Stanley analyst Brian Nowak maintains Electronic Arts (NASDAQ:EA) with a Equal-Weight and lowers the price target from $155 to $150.
