Investors were playing offense with defense stock Parsons (PSN 2.40%) on Hump Day. They were drawn to the company because of a lucrative deal it's signed in the Middle East, and ultimately pushed its stock more than 2% higher in value that day. This was more than sufficient to trounce the S&P 500's (^GSPC 0.10%) 0.1% bump up. New work in the Middle EastOn the heels of President Trump's visit to the region, the White House announced that Parsons won no less than 30 projects in the small but wealthy Gulf nati ...

CHANTILLY, Va., May 13, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today, on the sidelines of the Saudi-US Investment Forum in Riyadh, that the company has been awarded two Delivery Partner (DP) contracts by the King Salman International Airport Development Company (KSIADC) which is owned by the Public Investment Fund. These significant contracts represent new work for the company and span the initial four years of the airport's multi-year development. The first contract is for airf ...