$PSN

Parsons Corporation (PSN) said it won a US$70 million Air Base Air Defense task order, a US$40 million electromagnetic warfare contract, and a design role on a US$227 million I-526 Long Point Road interchange project. It also secured the first CTRIC IV task order for threat reduction and chemical security training in Southeast Asia. The article cites PSN forecasts of US$7.2 billion revenue and US$407.1 million earnings by 2029.

Parsons was awarded a U.S. Air Force task order worth up to $70 million for air base air defense, according to the report. The work is described as supporting defenses in Europe and Africa. The article also includes market-close pricing for Parsons and various analyst rating composites.

Parsons (NYSE: PSN) said it received a $70 million ceiling task order under the U.S. Air Force ABAD contract to support USAFE-AFAFRICA in Europe and Africa. The four-year order plus three 12-month options covers integration, testing, deployment, sustainment, maintenance, and operational transition of point defense systems, including counter-UAS capabilities.

Parsons Corporation (NYSE: PSN) said it was awarded a $40 million Non-Kinetic Effects cost-plus fixed-fee contract from the U.S. Army to develop next-generation electromagnetic warfare capabilities. The award includes one base year and four-and-a-half option years and is new work, supporting national security missions.

Ball George L. purchased 20,000 shares of PARSONS CORP (PSN) at $47.97 ($0.96M total) on 2026-08-07.

Deutsche Bank upgraded Persimmon Plc to buy from hold and cut its target to 1,403 pence from 1,419, citing weakness since the prior rating. The broker pointed to Persimmon’s first-half FY2026 results, including 12.8% underlying operating margin vs 11.7% consensus, and reiterated FY2026 guidance for 12,500 completions and £491m operating profit.

FactSet-reported analyst estimates for Parsons Corporation show the average 12-month price target fell to $57.2 from $58.55. The range is $48 to $66. Using the Aug. 7 close, the target implies about 20% upside. Consensus remains “Buy” with 11 Buys, 4 Holds, and 0 Sells.

Parsons (PSN) reported Q2 2026 revenue of $1.6B, down 1% year over year. Normalized revenue growth rose 8%, with adjusted EBITDA margin at 10.1% (normalized). Q2 contract awards were $1.9B, up 24%, and backlog totaled $9.3B. FY2026 guidance was lowered to $6.2B-$6.5B revenue and $500M-$560M adjusted EBITDA.

Parsons Corporation (NYSE: PSN) shares fell about 35% after it reported Q2 CY2026 net loss of about $15 million and adjusted EBITDA of about $42 million, down roughly 72% year over year. In an Aug. 6 Form 8-K, it cut FY2026 revenue guidance to $6.2 to $6.5 billion and adjusted EBITDA to $500 to $560 million. Levi & Korsinsky says it is investigating potential securities law violations.

Persimmon shares rose 3.6% to 1,163p after the UK housebuilder reported half-year results for the six months ended 30 June 2026. According to Persimmon, new home completions rose 13% to 5,189, total revenue rose 15% to £1.73bn, and underlying pre-tax profit rose 3% to £170.1m. The underlying operating margin was 12.8% versus 11.7% consensus, and FY2026 targets were reaffirmed at the upper end.