Earnings rose at Parsons [PSN] in the fourth quarter and the full year of 2024, the company reported early Wednesday. Net earnings for the fourth quarter ended Dec. 31 were $54 million or $ $0.49 a share, up from $49 million, or $ $0.39 a share, in the year-ago quarter. Quarterly revenue was $1.7 billion up year-over-year from $1.5 billion. For the full year, Parsons saw record net earnings of $235 million or $2.12 per share, up from $161 million…
Contract Updates
Chandler Construction Services Inc. (Ninety Six, South Carolina) – $16,471,000
Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…
M1 Support Services LP (Denton, Texas) – $68,822,271
M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…
Lake Union Drydock Co. (LUDC) (Seattle, Washington) – $12,683,144
Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…
Innovative Professional Solutions Inc. (Panama City Beach, Florida) – $13,631,598
Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches. This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…