Parsons Corporation shares rise 1.02% premarket after winning a $30 million radar contract from the U.S. Army.

Parsons Corporation rose 1.02% in premarket trading, following the announcement that it has been awarded a $30 million recompete contract by the U.S. Army DEVCOM’s C5ISR Center. The contract, which Parsons has held for three years, includes a 12-month base performance period and four 12-month option periods to deliver critical radar development engineering efforts necessary for C5ISR Radar to meet its mission needs.