Perspecta Awarded Contract with National Geospatial-Intelligence Agency
On August 12, Perspecta, Inc. (PRSP) announced that it received a contract award from the National Geospatial-Intelligence Agency (NGA). It is a single award Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a maximum ceiling value of $824 million over five years. Perspecta will perform full life cycle systems engineering and integration work for the NGA.
Sonal alerted subscribers about the news event at 4:10 pm. Perspecta’s stock price opened for trading the next day at $21.73. The stock price moved higher throughout the day on the news. The stock continued to rise over the next four trading sessions before closing at $24.55 on August 19. That made a five-day gain of almost 15% following the news announcement.
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