PSN Parsons

Parsons To Design Advanced Rapid Transit System in San Antonio

Parsons To Design Advanced Rapid Transit System in San Antonio

CHANTILLY, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by VIA Metropolitan Transit Authority (VIA) to complete final design of the Advanced Rapid Transit (ART) program for the VIA Rapid Green Line in San Antonio, Texas. The $20 million, five-year contract represents new work for the company.

“San Antonio’s ART program is an innovative approach to improving community connectivity,” said Sean Tenney, vice president and Texas Regional Manager for Parsons. “This modern public transportation solution is designed to move more people faster and farther – helping support economic growth as the City of San Antonio continues to grow at a rapid pace.”

The project, with an estimated capital cost of more than $400 million, is receiving funding from a variety of sources, including the Federal Transportation Administration (FTA) New Starts Capital Improvement Grant (CIG) as well as local funding sources.

The 12-mile VIA Rapid Green Line will include 26 new stations and connect major employment and residential centers, including the San Antonio International Airport, through Downtown and south to the historic missions area. ART systems deliver fast, frequent, reliable public transit by dedicating bus lanes outside of regular traffic, utilizing bus-friendly traffic signals, and offering off-board fare collection options for faster boarding.

Parsons’ rail and transit experts have been connecting Texas for more than 50 years and have paved the way for numerous rapid transit projects with a proven track record of quality and experience around the United States.

To learn more about Parsons’ rail and transit expertise, visit .

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:                                        

Bernadette Miller

+1 980.253.9781

Investor Relations Contact:

Dave Spille

+ 1 703.775.6191



EN
09/05/2024

Underlying

PSNParsons

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Parsons

 PRESS RELEASE
Free
PSN PARSONS

U.S. Cyber Command Issues Parsons’ Subsidiary Intent to Award for Join...

U.S. Cyber Command Issues Parsons’ Subsidiary Intent to Award for Joint Cyber Hunt Kit (JCHK) Production SealingTech, a Parsons company, was competitively selected for the $500 million contract CHANTILLY, Va., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading defensive cyber operations solution provider, received an Intent to Award notification from the United States Cyber Command (USCYBERCOM) for a sole-source contract to begin production on the company’s Joint Cyber Hunt Kit solution. The three-year period of p...

February 18, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons to Present at the Barclays 43rd Annual Industrial Select Confe...

Parsons to Present at the Barclays 43rd Annual Industrial Select Conference CHANTILLY, Va., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat question and answer session at the Barclays 43rd Annual Industrial Select Conference on Wednesday, February 18, 2026, at approximately 3:35 p.m. Eastern Time. The presentation will be available live via webcast on the investor relations section of Parsons’ website (). A replay...

February 13, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Reports Fourth Quarter and Fiscal Year 2025

Parsons Reports Fourth Quarter and Fiscal Year 2025 Q4 2025 Financial Highlights  Q4 revenue of $1.6 billion decreased 8% year-over-year and 10% on an organic basisTotal revenue growth of 11% and 8% on an organic basis excluding confidential contractNet income of $56 million increased 3% year-over-year, a fourth quarter recordRecord adjusted EBITDA of $153 million increased 5%; adjusted EBITDA margin of 9.6%Cash flow from operations increased 32% to $168 millionBook-to-bill ratio of 0.9x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO Fiscal Ye...

February 11, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Awarded $125M Contract to Support the U.S. Army Combat Capabil...

Parsons Awarded $125M Contract to Support the U.S. Army Combat Capabilities Development Command Army Research Laboratory CHANTILLY, Va., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a $125 million single-award Task Order contract over five years to support the U.S. Army Combat Capabilities Development Command (DEVCOM) Army Research Laboratory (ARL), High Performance Computing Modernization Program (HPCMP), and Defense Research and Engineering Network (DREN). This recompeted award highlights Parsons’ commitment to advancing research and development in ...

February 10, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Secures $91 Million Contract Extension for U.S. Diplomatic Mis...

Parsons Secures $91 Million Contract Extension for U.S. Diplomatic Mission Security Worldwide CHANTILLY, Va., Feb. 09, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced the company secured a $91 million contract extension for the Overseas Security Installation Services (OSIS II) contract administered by the U.S. Department of State. This is the seventh option year award of a 10-year contract, and part of the broader nearly $1.12 billion OSIS II contract. The extension underscores Parsons’ consistent performance and long-standing reputation as a reliable partner in deliver...

February 9, 2026 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch