Parsons Secures A $2.2B Missile Defense Agency Contract

Parsons Corp PSN has been awarded a seven-year contract valued up to ~$2.24 billion by the Missile Defense Agency (MDA) for Technical, Engineering, Advisory, and Management Support (TEAMS)–Next Systems Engineering.
The company will provide engineering, analysis, and management support to develop integrated and layered missile defense systems.
The contract has a three-year base with two two-year options.
Price Action: PSN shares are trading higher by 0.37% at $40.20 in the market session on the last check Thursday.