Parsons shares drop 38% following $118 million in charges and lower 2026 outlook

Shares of Parsons Corporation dropped 37.8% to $38.59 as of 12:42 p.m. EDT. The company reported $118 million in charges and revised its 2026 forecast downward.

Earnings · NYSE:PSN · Stock Market
Biggest Stock Losers Today: LEGN, MRVL, UL and More Slide as Wall Street Braces for a Fed Rate Cut (December 8, 2025)

Biggest Stock Losers Today: LEGN, MRVL, UL and More Slide as Wall Street Braces for a Fed Rate Cut (December 8, 2025)

Wall Street kicked off “Fed week” in a cautious mood on Monday, December 8, 2025. U.S. stock futures ticked slightly higher, with the S&P 500 hovering just below record territory as traders priced in an ~85–90% chance of another 25‑basis‑point rate cut at the Federal Reserve’s final meeting of the year. TechStock²+1
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Parsons Corporation (PSN) Stock Plunges After FAA Contract Loss: December 5, 2025 News, Forecasts and Investor Outlook

Parsons Corporation (PSN) Stock Plunges After FAA Contract Loss: December 5, 2025 News, Forecasts and Investor Outlook

Parsons Corporation, a U.S. defense and infrastructure engineering firm, saw its stock price collapse on Friday, December 5, 2025, after the company unexpectedly lost a multibillion‑dollar Federal Aviation Administration air traffic control contract to rival Peraton. The sell‑off came despite Parsons announcing several major defense and infrastructure wins the same day, leaving investors to weigh a sharp setback against a still‑strong long‑term pipeline. Reuters+2RTTNews+2
6 December 2025
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Parsons Corporation (PSN) Stock Plunges After FAA Contract Loss – But New $3.5 Billion Defense Wins Keep the Long‑Term Story Alive (December 5, 2025)

Parsons Corporation (PSN) Stock Plunges After FAA Contract Loss – But New $3.5 Billion Defense Wins Keep the Long‑Term Story Alive (December 5, 2025)

Parsons Corporation just had one of its wildest trading days since going public. On Friday, December 5, 2025, the stock suffered a sharp double‑digit drop after the U.S. Federal Aviation Administration chose rival Peraton—not Parsons—as prime integrator for the massive “Brand New Air Traffic Control System” modernization program. Reuters+1
5 December 2025
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