Parsons Corporation (PSN) Awarded $600M Ceiling U.S. Postal Service Contract

Parsons Corporation (NYSE: PSN) has won a seven-year contract with the U.S. Postal Service's (USPS) Nationwide Program Management Services (PMS) worth a total potential value of $600 million. The deal is the company's third consecutive with the USPS. The seven-year timeframe assumes all option periods are exercised.

"We look forward to continuing our 17-year relationship with the USPS and helping them deliver exceptional support to citizens around the country," said Chris Alexander, executive vice president, and general manager of the Parsons' engineered systems market. "Our experience in program management, architectural and engineering design, and construction management supports the USPS' ongoing modernization efforts ensuring uninterrupted delivery of reliable and affordable mail service to our nation."

Parsons recently supported USPS National Facilities Programs, including self-service kiosks, elevator modernization, parking structure rehabilitation, leased space accessibility program, and the repair and alteration program.

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