Parsons Selected for Southwest Florida International Airport Terminal Expansion

Rhea-AI Summary

Parsons (NYSE: PSN) has been selected by the Lee County Port Authority to provide project management services for Phase 1 of the Southwest Florida International Airport (RSW) Terminal Expansion Project in Fort Myers, Florida.

The project encompasses approximately 200,000 square feet of new and remodeled terminal space. As part of the project management team, Parsons will assist with project and contract management duties, providing support services during construction and initial operation. The company will work alongside design, construction management, and inspection teams.

The expansion aims to enhance passenger experience through:

• Reduced wait times
• Consolidated checkpoint operations
• Improved connectivity between concourses
• Increased airside concessions
• Additional amenities

Positive

• Secured new major airport infrastructure contract
• Project adds to company's extensive portfolio of 450+ airport projects
• Expansion into high-growth Florida market

Negative

• None.

Insights

Infrastructure Analyst

Parsons' selection to manage Phase 1 of the Southwest Florida International Airport Terminal Expansion represents a strategic win in the company's core aviation infrastructure business. The project scope—approximately 200,000 square feet of new and remodeled terminal space—indicates a substantial mid-tier airport expansion that should contribute to Parsons' revenue pipeline.

While the contract value wasn't disclosed, airport terminal expansions typically represent multi-million dollar engagements spread across several years of project execution. Parsons' role as an extension of the Airport Authority team positions them centrally in the project's execution chain, collaborating with design, construction management, and inspection teams.

This award reinforces Parsons' competitive positioning in the aviation infrastructure sector, where they've established credentials across 450 airports in 40 countries. The company's ability to secure government infrastructure contracts remains strong, which is particularly valuable in today's environment of increased infrastructure spending.

Importantly, this being designated as "Phase 1" suggests potential follow-on opportunities if execution meets expectations. The contract demonstrates continued business momentum for Parsons in their established markets rather than representing a transformative development. For shareholders, this represents incremental positive news showing the company's continued execution of its business development strategy in core markets.

CHANTILLY, Va., April 16, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today it was selected by the Lee County Port Authority to provide project management services for Phase 1 of the Southwest Florida International Airport (RSW) Terminal Expansion Project in Fort Myers, Florida. 

"We are honored to support the Lee County Port Authority to ensure the successful delivery of Phase 1 of the transformative Terminal Expansion Project,” said Mark Fialkowski, president of Infrastructure North America for Parsons. “Our team is committed to applying our extensive expertise in airport infrastructure to enhance the passenger experience in Southwest Florida and to deliver solutions that enhance the region’s mobility and economic growth.”

Parsons will serve as an extension of the Airport Authority-led team, assisting with project and contract management duties and providing project management support services during construction and initial operation. Parsons will collaborate closely with the design, construction management, and construction engineering inspection teams, as well as other technical advisors and stakeholders. By utilizing both in-house expertise and subconsultants, the company will provide a comprehensive range of services to ensure effective project control oversight and successful project completion.

Phase 1 of the RSW Terminal Expansion Project includes approximately 200,000 square feet of new and remodeled terminal space. The expansion aims to enhance the passenger experience by reducing wait times, consolidating checkpoint operations, improving connectivity between concourses, increasing airside concessions, and adding other amenities, all while maintaining the airport's aesthetic character.

Parsons has a rich history of combining international expertise with regional strength to deliver innovative infrastructure projects that bring people closer together. The company has planned, designed, constructed, managed, enhanced, and sustained terminal, landside, and airside infrastructure for over 450 airports in 40 countries. With extensive international project experience, Parsons has a deep understanding of global agency standards in accordance with the Federal Aviation Administration (FAA), the International Civil Aviation Organization (ICAO), and the International Air Transport Association (IATA).

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

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.us

FAQ

What is the scope of Parsons' (PSN) Southwest Florida International Airport expansion project?

Parsons will manage Phase 1 of the expansion, covering 200,000 square feet of new and remodeled terminal space, focusing on reducing wait times and improving connectivity.

How will the RSW Terminal Expansion Project improve passenger experience?

The project will reduce wait times, consolidate checkpoints, improve concourse connectivity, increase airside concessions, and add new amenities.

What specific services will Parsons (PSN) provide for the RSW airport expansion?

Parsons will provide project and contract management services, construction support, and project control oversight while collaborating with design and inspection teams.

What is Parsons' (PSN) experience in airport infrastructure projects?

Parsons has worked on over 450 airports across 40 countries, managing terminal, landside, and airside infrastructure projects.