Parsons To Help Modernize and Expand Asheville Regional Airport

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been selected by the Greater Asheville Regional Airport Authority (GARAA) for a significant $240 million project to modernize and expand the airport terminal. The new facility will replace the existing terminal with a 275,000 square foot building featuring 12 boarding gates, enhancing the travel experience for increasing passenger numbers. This five-year contract will ensure extensive management during construction, minimizing disruptions. Parsons aims to leverage its aviation expertise and digital transformation capabilities to deliver the project on schedule and budget.

Positive

• Awarded a $240 million contract for terminal modernization and expansion.
• Project aims to enhance traveler experience and accommodate growing passenger numbers.
• Parsons' aviation expertise expected to ensure project meets schedule and budget.

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• None.

CENTREVILLE, Va., June 27, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Greater Asheville Regional Airport Authority (GARAA) to provide program management, including evaluation, development, and management of the terminal building modernization and expansion project.

To accommodate the growing number of travelers and enhance the airport customer experience, the new $240 million airport terminal will replace the existing seven gate, 115,000 square foot terminal and transform the space into a 275,000 square foot modern facility with 12 passenger boarding gates.

“Airports are vital connectors that stimulate economic growth and mobility,” said Peter Torrellas, president, connected communities for Parsons. “For decades, Parsons’ aviation experts have been reimagining air travel and successfully optimizing airport project deliveries around the world. We look forward to helping GARAA deliver a world-class passenger experience, and meet the long-term mobility needs of the Asheville region.”

During this five-year contract, the replacement of the current terminal will require extensive phasing and stakeholder coordination to maintain airport operations. Parsons’ aviation expertise will help ensure the project meets construction schedule and budget requirements. We will leverage our Parsons X digital transformation and aviation service capabilities to deliver program management information system (PMIS) support.

“This is the most significant and complex construction project we have ever taken on,” said Lew Bleiweis, President & CEO of the Greater Asheville Regional Airport Authority. “It is imperative that we have the right program management professionals on board as an extension of our team. We are pleased to welcome Parsons to this exciting project.”

The terminal expansion and modernization will include the ticket lobby, concourse and areas for TSA screening, baggage claim, and new amenities such as expanded retail/food and beverage concessions, breastfeeding rooms, powered seating, art displays, and updated passenger boarding bridges.

Parsons is a global leader in critical infrastructure excellence, contributing to the planning, design, and management of more than 450 airports around the world. The company is continuously working to enhance the air travel experience through its depth of understanding and experience of the infrastructure and technology underpinning the aviation market.  

To learn more about Parsons’ aviation program management expertise, visit www.parsons.com/aviation/.

About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security 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

FAQ

What is Parsons Corporation's latest project announcement?

Parsons Corporation announced a $240 million project for the modernization and expansion of the Greater Asheville Regional Airport terminal.

What is the size and capacity of the new airport terminal?

The new terminal will be 275,000 square feet with 12 passenger boarding gates, replacing the existing 115,000 square foot terminal.

How long is the Parsons contract for the airport project?

The contract for the terminal project will last five years.

What are the key improvements planned for the Asheville airport terminal?

The project includes a new ticket lobby, TSA screening areas, updated amenities, and expanded retail and food options.

How will Parsons ensure the project stays on schedule?

Parsons will leverage its aviation expertise and digital transformation capabilities to manage the construction effectively.