Parsons Shares Rise on $151B Defense Department Contract

Dow Jones2025-12-23

By Elias Schisgall

Shares of Parsons rose after the company disclosed the awarding of a contract worth up to $151 billion from the Defense Department.

The stock rose 5.3% to $65.45 in post-market trading. Shares ended the market session up 1.3% after closing at $62.17, and are now down 33% this year.

The indefinite-delivery, indefinite-quantity contract is from the Missile Defense Agency for its Scalable Innovative Enterprise Layered Defense project.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

December 22, 2025 17:24 ET (22:24 GMT)

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