Parsons Corp Faces Nearly 40% Stock Decline Despite Record Backlog and Rising Margins
Despite a record backlog and rising profit margins in Q1 2026, Parsons Corporation (NYSE: PSN) has seen its stock fall nearly 40% over the past six months. The decline was exacerbated by losing a $12.5 billion FAA contract bid in December and winding down another large government contract.
Tickers: $PSN
Topics: defense earnings performance engineering services government contracts