- 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.
UBS Maintains Neutral on Albertsons Companies, Lowers Price Target to $29
UBS analyst Mark Carden maintains Albertsons Companies (NYSE:ACI) with a Neutral and lowers the price target from $37 to $29.
