Parsons (NYSE: PSN) has been one of the best under-the-radar stocks in the defense sector over the past five years, outpacing the S&P 500.

The company kept that momentum going in the most recent quarter, easily topping expectations. Investors are rallying into the shares, sending Parsons stock up 15% as of noon ET.

Parsons provides tech-based solutions and consulting for the defense, intelligence, and critical infrastructure markets. The company has been publicly traded since 2019, and has been a highflier during its time since that initial public offering (IPO).

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Source Fool.com