Parsons Awarded $32M Contract for Continued Program Management Expertise by San Bernardino County Transportation Authority
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – PSN
The recorded move for PSN in the trading session of this news was +1.73%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CENTREVILLE, Va., Dec. 8, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded a
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.