Benzinga | Jul 15, 2021 09:49AM EDT

Parsons Secures A $2.2B Missile Defense Agency Contract

* Parsons Corp (NYSE:PSN) has been awarded a seven-year contract valued up to ~$2.24 billion by the Missile Defense Agency (MDA) for Technical, Engineering, Advisory, and Management Support (TEAMS)--Next Systems Engineering.

* The company will provide engineering, analysis, and management support to develop integrated and layered missile defense systems.

* The contract has a three-year base with two two-year options.

* Price Action: PSN shares are trading higher by 0.37% at $40.20 in the market session on the last check Thursday.