Parsons Awarded $60 Million Contract To Design Claremont Extension Of Los Angeles’s Metro A Line Light Rail System
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.
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.
Details
News Market Reaction – PSN
On Feb 2, the day this news came out, PSN closed 2.46% below the previous close.
Data tracked by StockTitan Argus for the Feb 2 session.
Key Figures
- 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
Historical Context
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Completion of Honda and DriveOhio roadway maintenance system pilot using Parsons tech.
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Award of $593 million FAA TSSC 5 contract extension through 2030.
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Acquisition of Altamira Technologies in deal valued up to $375 million.
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Announcement of Feb 11, 2026 date for Q4 and FY 2025 results and 2026 guidance.
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60‑month design and technical support role for New Murabba project in Saudi Arabia.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
light rail technical
traffic management system technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHANTILLY, Va., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been awarded a six-year,
“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
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