PSN Looks 37.9% Undervalued on GF Value™

Parsons (PSN) reported flat Q2 revenue of $1.58B, missing estimates, and lowered full-year guidance, causing its stock to drop 26.3%. Leidos (LDOS) reported $4.56B in revenue, up 7.2%, beating estimates, and its stock rose 8.3%. RTX (RTX) reported $24.71B in revenue, up 14.5%, exceeding expectations, and its stock increased 1.5%.

Parsons (PSN) reported flat Q2 revenue of $1.58B, missing estimates, and lowered full-year guidance, causing its stock to drop 26.3%. BWX (BWXT) reported $901.6M revenue, up 18%, meeting expectations and beating EBITDA guidance. RTX (RTX) reported $24.71B revenue, up 14.5%, beating expectations and raising EPS guidance. The stock is up 3.2% since reporting.

Parsons Corp. secured two task orders from the U.S. Energy Department's National Nuclear Security Administration for counter-nuclear smuggling initiatives. The contracts, valued at $90 million, cover 25 countries and run through 2031. Parsons has seven task orders under this program, supporting nonproliferation and national security efforts.

Parsons (NYSE: PSN) received two new task orders for counter-nuclear smuggling systems in 25 countries, extending through July 2031. The awards, worth $90 million, expand its CNSSD portfolio to seven task orders. Parsons holds one of two positions on the $1 billion CNSSD MATOC contract.

Parsons won a $514M, two-year contract extension from the Missile Defense Agency for engineering support of the integrated missile defense system. The work includes studies, analysis, and oversight for ballistic and hypersonic missile threats. This extends a 2021 agreement under the TEAMS Next contract.

Parsons has secured a position on the $14 billion COMET contract, supporting the Missile and Space Intelligence Center. The contract covers five mission tasks, including intelligence analysis and technical support. Parsons will compete for task orders under this indefinite-delivery/indefinite-quantity contract.