Parsons secures missile defence agency contract worth up to $151 billion; shares rise

Parsons

22/12/2025 21:26

Corrects to clarify that Parsons has secured a seat on the contract, not the full contract, in headline and second bullet

 ** Shares of Parsons Corp PSN.N rise nearly 9% to $68 in aftermarket trading

     ** Co secures a seat on Missile Defense Agency's SHIELD contract, with a ceiling value of $151 billion

     ** Contract designed to accelerate delivery of advanced capabilities to warfighter with increased speed and agility - PSN

     ** Eleven of 14 brokerages rate the stock "buy" or higher and three "hold"; their median PT is $87.50, according to data compiled by LSEG

     ** As of Monday's close, shares were down 32.6% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))