Parsons Corp. (PSN) Hit 20% After Losing in $12-Billion Air Traffic Control Bid

We recently published December Disappointments: 10 Big Names Troubled Early. Parsons Corporation (NYSE:PSN) is one of the worst performers of last week. Parsons Corp. fell by 21.29 percent week-on-week as investor sentiment was dampened by its loss of a billion-dollar air traffic control system contract to its rival, Peraton. On Thursday, the Federal Aviation Administration said that it has awarded to Peraton—a national security company owned by Veritas Capital—its $12.5 billion contract to oversee and ove ...