Parsons Awarded $32M Contract for Continued Program Management Expertise by San Bernardino County Transportation Authority

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been awarded a $32 million contract by the San Bernardino County Transportation Authority to support a $4.3 billion program aimed at improving transportation and traffic management. This five-year contract will enhance program and project management for various infrastructure projects including freeways and interchanges. Parsons has collaborated with SBCTA for over a decade, underscoring the Authority's trust in their services to boost mobility and quality of life in the region.

Positive

• Awarded a $32 million contract enhancing revenue stream.
• Long-standing relationship with SBCTA demonstrates trust and reliability.
• Contract supports a major $4.3 billion transportation improvement program.

Negative

• None.

CENTREVILLE, Va., Dec. 8, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded a $32 million contract by the San Bernardino County Transportation Authority (SBCTA) to support administration of a $4.3 billion program to improve transportation and traffic management programs in the county. The five-year contract will support program and project management for freeways, interchanges, grade separations and other projects.

"We have worked with the San Bernardino County Transportation Authority for more than 10 years, and we are proud to have their sustained confidence," said Mark Fialkowski, executive vice president, mobility solutions market for Parsons. "We look forward to continuing to help the Authority improve the quality of life and mobility in San Bernardino County through safe, efficient and environmentally responsible transportation options."

The contract includes support for project management, project controls, contracts management and program level activities including quality management and document control.  

To learn more about Parsons' critical infrastructure expertise, visit Parsons.com/markets/critical-infrastructure/.  

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. 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
Bernadette.Miller@Parsons.com

Investor Relations Contact:
Dave Spille
+ 1 571.655.8264
Dave.Spille@parsons.com

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/parsons-awarded-32m-contract-for-continued-program-management-expertise-by-san-bernardino-county-transportation-authority-301187839.html

SOURCE Parsons Corporation

FAQ

What is Parsons Corporation's recent contract value?

Parsons Corporation was awarded a $32 million contract.

Who awarded Parsons Corporation the $32 million contract?

The contract was awarded by the San Bernardino County Transportation Authority.

What is the purpose of the $4.3 billion program associated with Parsons Corporation?

The program aims to improve transportation and traffic management in San Bernardino County.

How long is the contract Parsons Corporation received from SBCTA?

The contract is for five years.

What kind of projects will Parsons manage under the new contract?

Parsons will manage projects related to freeways, interchanges, and grade separations.