7/102 sources · 2 publishersUpdated Nov 12, 11:54 UTC
Parsons Receives Up to $100 Million West Coast Environmental Contract Amendment
Parsons said it received an amendment worth up to $100 million on a previously awarded agreement covering environmental work in the western United States. The expanded duties include sample collection, waste classification, cleanup and restoration. The customer and project sites were not identified, and revenue will be generated through task orders.
Why it matters
The stated amount is a maximum authorization, not guaranteed revenue. Parsons will recognize revenue as task orders are issued under the agreement.
Key facts
- 1The amendment has a maximum value of $100 million. investing.com
- 2The added work covers investigation-related sampling, waste characterization, remediation and restoration. investing.com
- 3Parsons did not identify the customer or the specific locations involved. investing.com
- 4Revenue from the agreement will depend on task orders issued by the customer. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.