Parsons Continues Supporting WMATA with $19 Million Task Order Extension

Rhea-AI Summary

Parsons Corporation extends contract with Washington Metropolitan Area Transit Authority

Positive

• Parsons Corporation announced a $19M, two-year extension to a contract with Washington Metropolitan Area Transit Authority (Metro)
• The extension includes project management support for the installation of radio, cellular, and fiber infrastructure
• The contract also covers upgrades to aboveground radio and fiber infrastructure and the installation of radio equipment for revenue and non-revenue vehicles
• Parsons has a long-standing relationship with Metro dating back to 1966

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• None.

CHANTILLY, Va., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced a previously awarded $19M, two-year extension to a current contract with the Washington Metropolitan Area Transit Authority (Metro). The task order extension was awarded on July 28, 2023, and expires on May 23, 2025.

The award extends the company’s Radio Program Project Management and On‐Call Services task order under the Metro General Architectural and Engineering Consultant Services – Program Management, Construction Management, and Engineering Support Services Indefinite Delivery, Indefinite Quantity Contract. The work includes project management support for the belowground tunnel installation of radio, cellular, and fiber infrastructure; aboveground radio and fiber upgrades; aboveground tower sites for radio infrastructure; and radio equipment installation for both revenue and non-revenue vehicles.

Since 2017, Parsons has supported Metro’s Radio Program, a massive multiyear, safety-critical undertaking to replace and upgrade its entire radio infrastructure from T-band frequencies to 700 MHz frequencies, while concurrently installing a cable system through its underground areas for cellular service.

“For over half a century, we have been proud to support Metro in their mission to provide safe and reliable transportation services to the residents and visitors in the National Capital Region,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “Our long-standing relationship with Metro dates back to 1966, when we served as the general engineering consultant for the Metrorail system. We look forward to continuing that partnership as part of this award and to bringing important updates to the Metro system.”

Under the same IDIQ, Parsons has assisted with the execution of capital construction projects by providing lead and support staff who supplement program management, construction management, and engineering teams.

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 intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:
Chelsie McKittrick
+1 512.719.6877
chelsie.mckittrick@parsons.com

Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.com

What is the value of the contract extension?

The contract extension is valued at $19M.

What services will Parsons provide under the contract extension?

Parsons will provide project management support for the installation of radio, cellular, and fiber infrastructure, as well as upgrades to aboveground radio and fiber infrastructure and the installation of radio equipment for revenue and non-revenue vehicles.

How long is the contract extension?

The contract extension is for two years and expires on May 23, 2025.

What is Parsons' relationship with Metro?

Parsons has a long-standing relationship with Metro dating back to 1966 when they served as the general engineering consultant for the Metrorail system.