PSN Parsons Corp

BofA Securities has reduced its price target for Parsons Corp. (NYSE:PSN) to $90.00 from $95.00, while maintaining a Buy rating, following Parsons' loss of a significant air traffic control system contract to Peraton. Despite the contract loss and a significant year-to-date stock decline of over 32%, Parsons has recently secured other major contracts, including a position on the Missile Defense Agency’s SHIELD contract valued up to $151 billion and a $30 million contract with the U.S. Space Development Agency. Analysts noted that Parsons may still have opportunities as a partner in the lost contract and adjusted earnings per share estimates reflect a slow appropriations environment.

Parsons (NYSE: PSN) has received six significant recognitions in 2025 for its commitment to hiring and supporting military veterans, including the DOL HIRE Vets Gold Medallion and top rankings in Military Times Best for Vets and GI Jobs Military Friendly Employer awards. The company's MILVET program is highlighted for its comprehensive support, helping veterans transition to civilian life and leveraging their skills to deliver solutions for national security. Parsons continues to demonstrate strong dedication to the military community, earning praise for its leadership in veteran employment.

Parsons Corporation has been selected by VIA Metropolitan Transit Authority for the final design of San Antonio's VIA Rapid Silver Line, an Advanced Rapid Transit program. This $322 million project will span 7.3 miles with 18 stations, aiming to enhance connectivity and economic growth in the region. Parsons is also involved in the Green Line project and has secured other significant contracts demonstrating its diverse portfolio in defense and infrastructure.

Parsons (NYSE: PSN) has been selected by VIA Metropolitan Transit to design the new $322 million VIA Rapid Silver Line in San Antonio, a 7.3-mile ART corridor with 18 stations. This project aims to improve public transit connectivity and frequency across the city. Parsons has a long-standing relationship with VIA, having supported them for over 25 years, and is also designing the ART Green Line.

Parsons Corporation has secured a $30 million contract, expanding a previous $11 million award from DARPA, to support the Blackjack flight demonstration for the U.S. Space Development Agency. This funding will consolidate spacecraft support and provide comprehensive mission operations using Parsons' OrbitXChange™ platform and Ground Operations Center as-a-Service, enhancing mission planning and execution in the space sector. The company will deliver advanced experimentation and operational planning services, ensuring seamless ground station connectivity for robust global coverage.

Parsons Corp. [PSN] has been awarded a $30 million contract for flight demonstration under the DARPA and SDA Blackjack program. This new contract builds on a previous $11 million award from DARPA in 2021, shifting focus from DARPA to SDA for broader program involvement. The company's senior vice president of space engineering solutions, Ed Baron, highlighted the strengthening of established partnerships through this new agreement.