Parsons Awarded $60 Million Contract To Design Claremont Extension Of Los Angeles’s Metro A Line Light Rail System

Rhea-AI Summary

Parsons (NYSE: PSN) was awarded a $60 million contract by the Foothill Gold Line Construction Authority to complete design and provide design‑during‑construction services for phase 2B2 of the Foothill Gold Line.

Phase 2B2 will add a 2.3‑mile extension from Pomona to Claremont and is a six‑year program that continues Parsons' multi‑decade role on the A Line expansion.

Positive

• $60 million contract awarded to Parsons for phase 2B2 design
• Adds a 2.3‑mile extension from Pomona to Claremont on the A Line
• Six‑year engagement provides multi‑year revenue visibility
• 25 years of continued Parsons involvement on the Foothill Gold Line project

Negative

• None.

News Market Reaction

-2.46%

1 alert

-2.46% News Effect

On the day this news was published, PSN declined 2.46%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Contract value: $60 million Contract term: six-year Extension length: 2.3 miles +5 more

8 metrics

Contract value $60 million New six-year design contract for Metro A Line phase 2B2

Contract term six-year Duration of Foothill Gold Line phase 2B2 design and support contract

Extension length 2.3 miles Metro A Line light rail extension from Pomona to Claremont

Project involvement 25 years Parsons leading design teams on Foothill project phases

Roadways designed more than 10,000 miles Cumulative roadway experience cited in release

Bridges designed 4,500 bridges Global infrastructure portfolio metric

Rail projects over 450 Rail and transit projects referenced

Traffic systems more than 50 Advanced traffic management system deployments

Market Reality Check

Price: $69.44 Vol: Volume 823,206 is below 2...

normal vol

$69.44 Last Close

Volume Volume 823,206 is below 20-day average 1,137,551 (relative volume 0.72) ahead of this contract news. normal

Technical Shares at $70.06 are trading below the 200-day MA of $74.16 and about 21.72% under the 52-week high $89.5.

Peers on Argus

Sector peers show mixed moves (e.g., EPAM up 0.84%, G down 0.9%), and only one m...

1 Down

Sector peers show mixed moves (e.g., EPAM up 0.84%, G down 0.9%), and only one momentum-scanner peer (APLD) appeared, moving down without news, pointing to a stock-specific catalyst rather than a broad sector move.

Historical Context

5 past events · Latest: Jan 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 29	Tech pilot completion	Positive	-1.1%	Completion of Honda and DriveOhio roadway maintenance system pilot using Parsons tech.
Jan 26	Major FAA contract	Positive	-3.0%	Award of $593 million FAA TSSC 5 contract extension through 2030.
Jan 15	Altamira acquisition	Positive	+2.6%	Acquisition of Altamira Technologies in deal valued up to $375 million.
Jan 13	Earnings date set	Neutral	+1.7%	Announcement of Feb 11, 2026 date for Q4 and FY 2025 results and 2026 guidance.
Jan 13	Saudi contract win	Positive	+0.1%	60‑month design and technical support role for New Murabba project in Saudi Arabia.

Pattern Detected

Recent positive contract wins have sometimes seen negative next-day moves, with two prior sizeable awards followed by declines despite constructive business developments.

Recent Company History

Over the past few weeks, Parsons reported several notable developments. On Jan 26, 2026, it secured a $593 million FAA contract extension, and on Jan 29 it highlighted successful testing of a proactive roadway maintenance system using Parsons iNET Asset Guardian. Earlier, on Jan 15, Parsons acquired Altamira in a deal valued up to $375 million, and it also announced a major Saudi infrastructure design mandate. Today’s Los Angeles light rail design award adds another transportation infrastructure win to this sequence of contract and portfolio-expansion updates.

Market Pulse Summary

This announcement highlights a $60 million, six-year design and construction-support contract for th...

Analysis

This announcement highlights a $60 million, six-year design and construction-support contract for the Metro A Line’s 2.3‑mile Claremont extension, reinforcing Parsons’ long-running role on the Foothill Gold Line. In recent months the company also disclosed major FAA work, a Saudi infrastructure mandate, and the Altamira acquisition, pointing to an expanding project base. Investors may focus on how these awards contribute to backlog, margins, and capital allocation as Parsons approaches its upcoming earnings and guidance update.

Key Terms

light rail, traffic management system

2 terms

light rail technical

"As part of the longest linear light rail line in the world, phase 2B2 will..."

Light rail is a type of public transit that uses electrically powered trains or trams running on tracks, typically for short-to-medium city routes with more frequent stops than heavy rail. Think of it as a faster, higher-capacity streetcar that connects neighborhoods and business districts. Investors care because light rail projects influence property values, local economic activity, public budgets and contractor revenue, and can change demand for real estate, retail and transportation services in served areas.

traffic management system technical

"more than 50 advanced traffic management system deployments that help cities..."

A traffic management system is a coordinated set of tools and processes that monitors and controls the movement of vehicles, shipments or data across a network to keep flows smooth, safe and predictable. Think of it like a smart traffic cop and timing system that reduces jams and accidents; investors care because better traffic management cuts operating costs, improves service reliability, helps meet regulations and can increase revenue or asset utilization.

AI-generated analysis. Not financial advice.

CHANTILLY, Va., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been awarded a six-year, $60 million new contract by the Foothill Gold Line Construction Authority to complete design of phase 2B2 of the Foothill Gold Line project and provide design services during construction. As part of the longest linear light rail line in the world, phase 2B2 will complete the next segment of the Metro A Line light rail system, by adding a 2.3-mile extension from Pomona to Claremont.

“Parsons has led design teams for each phase of this project for the past 25 years, and we are excited to once again be selected to continue that legacy,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “Extending light rail options opens access to neighborhoods that were once limited for commuters. The A Line expansion will improve commuter and visitor access between downtown Los Angeles and the eastern portion of Los Angeles County. It is rewarding for everyone who has been involved at Parsons to see the next segment move forward to design and come one step closer to fruition.”

This segment, along with previous design phases, will provide innovative and sustainable solutions that reduce traffic congestion, improve air quality, and help commuters reach their destinations safely and reliably. Our rail and transit experts have helped improve connections between California communities since our founding in 1944, including celebrating the substantial completion of the most recently completed phase of the Foothill project from Glendora to Pomona in 2025.

Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, over 450 rail and transit projects, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.

To learn more about Parsons’ rail and transit expertise, visit parsons.com/rail-transit/.

About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn 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
+ 1 703.775.6191
Dave.Spille@parsons.us

FAQ

What did Parsons (PSN) win on February 2, 2026?

Parsons won a $60 million contract to design phase 2B2 of the Foothill Gold Line. According to the company, the scope covers design and design‑during‑construction services over a six‑year period for the 2.3‑mile Pomona‑to‑Claremont extension.

How long is the A Line extension Parsons (PSN) will design?

The awarded phase 2B2 covers a 2.3‑mile extension from Pomona to Claremont. According to the company, this segment advances the Metro A Line expansion and connects eastern Los Angeles County communities to downtown Los Angeles.

What is the timeline and duration of Parsons' (PSN) contract for phase 2B2?

The contract spans six years for design and design‑during‑construction services. According to the company, the multi‑year schedule reflects detailed design work and construction support for the Pomona‑to‑Claremont segment.

How does this contract fit Parsons' (PSN) history on the Foothill Gold Line?

Parsons has led design teams on each phase for 25 years, continuing long‑term involvement. According to the company, this award follows the 2025 substantial completion of the Glendora‑to‑Pomona phase.

What investor impact does the $60 million Parsons (PSN) contract imply?

The award represents a concrete near‑term backlog addition of $60 million tied to rail design services. According to the company, the work adds multi‑year revenue visibility through design and construction support on the A Line extension.