Parsons Corporation secured a $514 million, two-year option from the Missile Defense Agency under its Technical, Engineering, Advisory, and Management Support (TEAMS) - Next Missile Defense System Engineering contract, originally awarded in 2021. The second option extends work covering engineering, technical, analytical and oversight support for the United States’ integrated Missile Defense System, including programs addressing ballistic missiles and hypersonic weapons. Parsons shares traded largely flat as weakness in U.S. equities offset the positive contract announcement. The stock remains in a longer-term repair phase after falling 39.04% over 12 months, trading below its 50-day and 200-day simple moving averages, although its neutral relative strength index and position above the 20-day simple moving average point to a more mixed near-term setup. Analysts expect lower year-over-year earnings but slightly higher revenue in the company’s next reported quarter, while the consensus rating remains Buy.