The US Department of Defense has recently awarded Perspecta Inc. (NYSE: PRSP) to develop a spectrum access manager. Perspecta continues to enjoy steady cash flow from government contracts.
A three-year contract was awarded to Perspecta by the Pentagon, valued at $6.2 million. This system will use to create a structure for managing the US military’s radio frequency spectrum. Several frequencies are used in the military, including ordinary and civil ones.
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Typically, operations planning involves allocating frequencies in a mission profile that maximizes efficiency by considering several factors, such as terrain characteristics. When adding new technologies, it is also necessary to avoid frequency shortages. It is also essential to protect planning information from cyber attacks.
The tools provided by Perspecta will include frequency conflict detection, performance evaluation, automation tools, and other situational awareness and testing solutions.
As one of the top providers of IT solutions for the US government, Perspecta is one of the industry’s leading players. Perspecta Inc. (NYSE: PRSP) is 9.01% higher than its year-to-date price and has traded between $14.03 and $29.44 in the current 52-week range. During the last trading session, the PRSP stock was hovering around $26.00, with the day’s gains setting it 0.25% off its average median price target of $25.50 over the next 12 months. Additionally, it is 12.5% below the high consensus price target of $30.00 proposed by five analysts, while current levels are -19.32% below the low price target of $22.00 for the same period.