Parsons has been selected by the Metropolitan Knoxville Airport Authority to manage a five year terminal development program at McGhee Tyson Airport in Tennessee. The award adds to a series of new contract wins in August 2026, though Parsons shares have fallen 15.07% over the past 30 days and 39.54% over the past year. The most followed narrative assigns Parsons a fair value of $58.55, implying the stock is 19.5% undervalued relative to its $47.12 close. Supporters point to an $8.9 billion backlog and multi-year infrastructure investment tailwinds, while critics cite government budget cycles, contract losses, and ongoing investigations.
Parsons CorpWins five-year terminal development contract at McGhee Tyson Airport, adding to August contract wins.
