Parsons Wins Two NNSA Counter-Nuclear Smuggling Task Orders Across 25 Countries
PSN sits 36% above its 52-week low of $36.26 on light trading volume (0.4× avg).
Summary
Parsons secured two new task orders under the NNSA CNSSD contract for counter-nuclear smuggling systems in the Middle East and Africa, covering 25 countries. The awards bring its total CNSSD portfolio to seven task orders worth approximately $90 million, with a base period through July 2027 and options to July 2031. This follows a string of recent defense wins, including a $514 million missile defense option and a $750 million cyber agreement, reinforcing its national security pipeline. The new work is modest relative to Parsons' $5.3 billion market cap but adds to a growing backlog in a strategically important nonproliferation mission.
At the time of this announcement, PSN was trading at $49.28 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $36.26 to $89.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.