Parsons wins $514 million missile-defense contract option
Parsons Corporation (NYSE: PSN) secured a $514 million, two-year contract option from the Missile Defense Agency under its existing TEAMS — Next Missile Defense System Engineering contract.
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Parsons Faces Earnings Pressure After Reducing 2026 Revenue Outlook
Parsons Corporation (NYSE: PSN ) shares are trading higher by almost 1% on Friday. The company reported weak second quarter earnings and slashed guidance on Wednesday. The move also stands out on a mixed tape where market breadth is weak (only 3 sectors advancing) and small-caps are sliding (Russell 2000 down 1.01%). M