Parsons Selected for the Austin-Bergstrom International Airport Program Management Contract
- Selection as one of seven lead consultants for a major airport expansion program demonstrates strong market position
- Contract leverages company's extensive aviation experience spanning 450 airports in 40 countries
- Multi-year project duration (5-7 years) provides stable long-term revenue stream
- Strengthens Parsons' 60-year presence in the Texas market
- Competition from six other lead consultants may impact project revenue share
- Long project timeline exposes to potential cost overruns and delays
Insights
Parsons secured a multi-year airport program management contract in Austin, strengthening its aviation portfolio and regional presence.
Parsons Corporation has secured a position as one of seven lead consultants for the Austin-Bergstrom International Airport's (AUS) major expansion program. This multi-year contract involves providing comprehensive program management services for the airport's "Journey With AUS" initiative – a five to seven-year development program designed to modernize and expand the airport's facilities.
The scope includes supporting the expansion of the Barbara Jordan Terminal, developing new facilities, implementing infrastructure improvements, and enhancing various airport systems. While the contract value wasn't disclosed, this represents a significant win for Parsons in the aviation infrastructure sector, adding to their portfolio of over 450 airports across 40 countries.
This contract aligns with Parsons' strategic positioning in critical infrastructure projects, particularly in Texas where they've maintained operations for over six decades. The multi-consultant structure suggests the program's scale is substantial enough to require multiple program management teams, though it also means Parsons will be sharing the overall contract value with six other consultants.
The long-term nature of this program management role provides revenue visibility for several years, enhancing the company's backlog stability. Austin-Bergstrom has experienced substantial growth in recent years, making this expansion critical for the region's transportation infrastructure, and positioning Parsons to potentially secure additional work as the program progresses.
CHANTILLY, Va., June 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was one of seven lead consultants selected by the City of Austin to provide program management services in support of the Rolling Capital Improvement Program and the once-in-a-generation Journey With AUS, the expansion and development program for the Austin-Bergstrom International Airport (AUS).
Under the contract, consultants will provide comprehensive program management support services to supplement the City's Department of Aviation staff with qualified professionals in program, project, and construction management to ensure the timely and efficient delivery of projects.
"We have served as a trusted partner in Texas for over 60 years and are honored to continue supporting Austin's growth and development," said Sean Tenney, Texas regional manager for Parsons’ Infrastructure North America division. "Our team is dedicated to delivering exceptional program management services that will help modernize AUS and drive economic growth in the region. We look forward to collaborating with the City and other stakeholders to achieve the project's goals."
The Journey With AUS program is a comprehensive five to seven-year initiative designed to modernize and expand AUS to meet the region's growing demands. The project includes expanding the Barbara Jordan Terminal, new facilities, infrastructure improvements, enhanced parking and ground transportation, sustainability initiatives, technology upgrades, and commercial development. It aims to increase capacity and improve operational efficiency while elevating the passenger journey with an authentic Austin and Central Texas experience.
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, the International Civil Aviation Organization, and the International Air Transport Association.
To learn more about Parsons’ aviation expertise, visit 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.
Forward-Looking Statements
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.
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
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