Parsons secures seat on missile defence agency contract worth up to $151 billion; shares rise

Shares of Parsons Corp PSN.N rise nearly 9% to $68 in aftermarket trading

Co secures a seat on Missile Defense Agency's SHIELD contract, with a ceiling value of $151 billion

Contract designed to accelerate delivery of advanced capabilities to warfighter with increased speed and agility - PSN

Eleven of 14 brokerages rate the stock "buy" or higher and three "hold"; their median PT is $87.50, according to data compiled by LSEG

As of Monday's close, shares were down 32.6% YTD