Why Is Parsons Stock Gaining Tuesday?

Parsons Corporation (NYSE: PSN) stock rose 0.92% on Tuesday after securing design and construction oversight contracts for the $1.1-1.4 billion John A. Blatnik Bridge replacement project between Minnesota and Wisconsin. The stock outperformed the broader market as the Nasdaq declined 1.32% and the S&P 500 lost 0.37%, benefiting from strength in the industrial sector which gained 1.13%. However, the stock remains down 19.07% over the past 12 months and trades below its 200-day moving average.

06/16/2026, 2:15 PM • Benzinga

3 Defense Tech Stocks Central to U.S. Battle Networks as Trump Ramps Up Spending on Iran and Beyond

With U.S. defense spending surging to historic levels, specialized defense contractors focused on battle network integration, missile tracking, and AI-enabled edge processing are positioned for significant growth. Mercury Systems, Leonardo DRS, and Parsons are highlighted as key beneficiaries due to their critical roles in next-generation warfare capabilities and recent major contract awards.

04/17/2026, 1:28 PM • The Motley Fool

$9.8 Billion in Autonomy Spending Hits the AI-Boosted Defense Supply Chain

Congress approved an $839 billion defense spending bill for fiscal 2026, allocating $9.8 billion toward autonomous and unmanned systems development. The global AI in defense and aerospace market is projected to grow from $4.2 billion in 2026 to $42.8 billion by 2036 at a 26.4% CAGR. Major defense contractors including Howmet Aerospace, Curtiss-Wright, Parsons, and HII secured significant contracts and partnerships to support military modernization and AI integration initiatives.

02/13/2026, 10:52 AM • GlobeNewswire

Why Parsons Stock Plummeted Today

Parsons stock fell 14.4% after reporting Q4 earnings that missed analyst expectations with $1.6 billion in sales (down 8% YoY) and $0.75 EPS. The decline was driven by softened sales in a confidential contract, though the company expects to return to growth with 2026 guidance of $6.5-6.8 billion in revenue.

02/11/2026, 4:07 PM • The Motley Fool

The Security Reset: Why Protecting Infrastructure is Driving a New Growth Cycle

Defense technology investment reached $49.1 billion in 2025, with institutional capital rotating into platforms securing critical infrastructure against quantum and AI-driven risks. 2026 is designated the Year of Quantum Security, supported by FBI and NIST. Leading companies are expanding capabilities: Parsons acquired Altamira Technologies for up to $375 million to strengthen defense and intelligence services; F5 launched AI Guardrails and AI Red Team for comprehensive AI runtime security; Rapid7 partnered with ARMO to integrate cloud-native security into its platform; and Impinj signed a licensing agreement with EM Microelectronic to integrate Gen2X technology into future integrated circuits.

01/22/2026, 10:38 AM • Benzinga

Parsons Snaps Up Altamira In $375 Million Defense Tech Deal

Parsons Corporation announced the acquisition of Altamira Technologies Corporation for up to $375 million ($330 million upfront plus $45 million contingent on 2027 performance targets). The McLean, Virginia-based Altamira specializes in analytics, signals intelligence, and space systems engineering with over 600 employees, 90% holding security clearances. The deal is expected to generate over $200 million in revenue for Parsons in 2026 and strengthen its national security and intelligence capabilities. Parsons shares declined 1.69% in premarket trading following the announcement.

01/15/2026, 8:53 AM • Benzinga

Parsons Acquires Altamira Technologies Corporation

Parsons Corporation (NYSE:PSN) announced the acquisition of Northern Virginia-based Altamira Technologies Corporation for up to $375 million. The deal includes $330 million in cash at closing and a $45 million earn-out in Q1 2027 based on EBITDA targets. Altamira's advanced analytics, signals intelligence, cyber, and space capabilities will strengthen Parsons' defense and intelligence portfolio. The transaction is expected to be accretive to Parsons' 2026 revenue growth, adjusted EBITDA margin, and earnings per share.

01/15/2026, 6:30 AM • Benzinga

Parsons Remains a Top U.S. Military-Friendly Employer

Parsons Corporation received six major recognitions in 2025 for its commitment to hiring and supporting military veterans, including the Department of Labor HIRE Vets Gold Medallion Award, Military Times Best for Vets Rankings (2nd in Virginia), and GI Jobs Military Friendly Employer Award Gold (9th nationally). The company's MILVET program achieved its highest rankings to date across multiple award categories.

12/29/2025, 6:30 AM • GlobeNewswire

Stock Market Today: S&P 500, Dow Futures Pare Gains As Street Awaits Delayed Q3 GDP Report— Parsons, ZIM, Trump Media & Technology In Focus (UPDATED)

U.S. stock futures pared earlier gains on Tuesday as investors await delayed Q3 GDP and durable goods reports. Major indices showed mixed performance with SPY and QQQ slightly lower in premarket trading. Key movers included Parsons (contract award), ZIM (acquisition proposals), Trump Media (Bitcoin purchase), and XMax (public offering). Markets are pricing an 80.1% likelihood of unchanged Fed rates, with a truncated trading week ahead.

12/23/2025, 8:24 AM • Benzinga

Stock Market Today: Nasdaq, S&P 500 Futures Rise As Street Awaits Q3 GDP Report—Parsons, ZIM, Trump Media & Technology In Focus

U.S. stock futures rose on Tuesday as investors await Q3 GDP and economic data releases. Key movers include Parsons Corp jumping 6.16% after securing a defense contract, ZIM climbing 7.29% on acquisition proposals, Trump Media rising 1.80% following a $40M Bitcoin purchase, and XMax falling 4.45% after announcing a public offering. The S&P 500 and Nasdaq advanced in premarket trading.

12/23/2025, 5:00 AM • Benzinga

Parsons Awarded Position on $15 Billion U.S. Air Force Comprehensive Construction & Engineering Contract

Parsons Corporation has been awarded a seat on a $15 billion U.S. Air Force Comprehensive Construction & Engineering Multiple Award Task Order Contract, enabling the company to compete for task orders supporting military facility design, construction management, maintenance, and infrastructure renovation.

12/18/2025, 6:30 AM • GlobeNewswire

Parsons Corporation Celebrates TraCSS Victory with Space News Icon Award for Civil Space Achievement of the Year

Parsons Corporation received the 2025 SpaceNews Icon Award for Civil Space Achievement for successfully developing the Traffic Coordination System for Space (TraCSS), a groundbreaking system to enhance satellite collision avoidance and coordination.

12/08/2025, 11:00 AM • GlobeNewswire

Parsons Selected As Lead Designer For $441 Million I-70 Rocheport To Columbia Design-Build Project

Parsons Corporation and Emery Sapp & Sons have been selected to deliver a $441 million Interstate 70 reconstruction project in Boone County, Missouri, adding a third lane in each direction and modernizing infrastructure. Construction is set to begin in mid-2026 and complete by December 2029.

12/05/2025, 4:30 PM • GlobeNewswire

Parsons to Present at the Raymond James TMT and Consumer Conference

Parsons Corporation's CEO Carey Smith will participate in a fireside chat at the Raymond James TMT and Consumer Conference on December 9, 2025, with a live webcast available on their investor relations website.

12/05/2025, 2:00 PM • GlobeNewswire

Parsons to Announce Third Quarter 2025 Financial Results on November 5, 2025

Parsons Corporation will release its third quarter 2025 financial results on November 5, 2025, with a conference call at 8:00 a.m. Eastern Time to discuss earnings and strategic initiatives.

10/02/2025, 2:00 PM • GlobeNewswire