Parsons Stock Plummets After Losing Major Contract

Parsons stock plummets by nearly twenty-two percent following the loss of a major government contract to upgrade the US air traffic control system, awarded to Peraton instead. Despite securing a separate three-point-five billion dollar contract, investors prioritize the lost opportunity, leading to a significant drop in stock price and a thirty-four percent decrease since the beginning of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.