07:54 AM EDT, 10/24/2025 (MT Newswires) -- Parsons (PSN) said Friday it was awarded a seat on the Worldwide Expeditionary Multiple Award Contract, which has a ceiling value of $10 billion, by the US Naval Supply Systems Command.

The company will compete for task orders to support key US Navy operational requirements under the contract.

Parsons said the contract consists of a five-year base period and one five-year option period.

The company's shares were up 1.4% in recent Friday premarket activity.