Parsons Corporation Secures $151B MDA SHIELD Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Massive Contract Award: Parsons Corporation has been awarded a $151 billion contract from the Missile Defense Agency for the SHIELD program, marking a significant breakthrough in the defense sector that is expected to enhance its market share and industry position.
- Rapid Delivery Capabilities: This contract encompasses a broad range of work areas, allowing for the rapid delivery of innovative capabilities, which enables the company to meet warfighter needs with increased speed and agility, thereby strengthening its competitive edge in the defense market.
- Driving Technological Innovation: Through this contract, Parsons will accelerate its technological innovations in areas such as cyber and electronic warfare, space, and missile defense, further solidifying its position as a leading technology provider in national security and global infrastructure markets.
- Future Growth Potential: The contract not only provides a stable revenue stream for the company but also positions it for future participation in defense projects, ensuring long-term growth and sustainability in the government contracting market.
PSN
$62.17+Infinity%1D
Analyst Views on PSN
Wall Street analysts forecast PSN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSN is 97.00 USD with a low forecast of 90.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 61.380
Low
90.00
Averages
97.00
High
107.00
Current: 61.380
Low
90.00
Averages
97.00
High
107.00
About PSN
Parsons Corporation is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Its Federal Solutions segment provides advanced technical solutions to the United States government. This segment provides advanced technologies, supporting national security missions in cyber operations, missile defense, and military facility modernization, logistics support, hazardous material remediation and engineering services. Its Critical Infrastructure segment offers integrated engineering and management services for complex physical and digital infrastructure around the globe. This segment is a technology innovator focused on next-generation digital systems and complex structures. It also develops advanced, warfighter-focused solutions for military and security applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
