Parsons Selected to Design San Antonio’s New VIA Rapid Silver Line

Rhea-AI Summary

Parsons (NYSE: PSN) was selected by VIA Metropolitan Transit to complete final design of the Advanced Rapid Transit (ART) VIA Rapid Silver Line in San Antonio on Dec. 23, 2025. The Silver Line is a 7.3-mile corridor with an estimated project cost of $322 million and will include 18 new or modified stations to improve frequency, reliability, and connectivity across the VIA system.

The ART design will use dedicated bus lanes, transit-priority signals, and off-board fare collection to enable faster boarding and travel. Parsons noted it has supported VIA for more than 25 years and is also delivering final design work on the ART Green Line, which will intersect the Silver Line downtown.

Positive

• Awarded final-design role for a 7.3-mile transit corridor
• Project value cited: $322 million estimated cost
• Design covers 18 new or modified stations
• Continues a 25+ year relationship with VIA
• Work aligns with concurrent Green Line final design

Negative

• None.

Key Figures

Silver Line length 7.3 miles VIA Rapid Silver Line corridor in San Antonio

Project cost $322 million Estimated cost of VIA Rapid Silver Line project

Stations 18 stations New or modified stations on VIA Rapid Silver Line

VIA relationship More than 25 years Parsons’ support of VIA Metropolitan Transit Authority

Texas transit experience More than 50 years Parsons’ history connecting communities across Texas

Market Reality Check

$62.71 Last Close

Volume Volume 937,882 is below the 20-day average of 2,230,406 (relative volume 0.42) ahead of this news. low

Technical Shares at $62.17 are trading below the 200-day MA of $73.14 and about 36.5% under the 52-week high.

Peers on Argus

Peers show mixed moves, with EPAM up 1.18%, GENPACT up 1.57%, GDS up 0.47%, while KD and EXLS are modestly negative. This suggests today’s setup for PSN is more stock-specific than broad sector-driven.

Market Pulse Summary

This announcement highlights Parsons’ selection to complete final design work for VIA’s Rapid Silver Line in San Antonio, a 7.3-mile corridor with an estimated cost of $322 million and 18 new or modified stations. It reinforces a relationship of more than 25 years with VIA and over 50 years of transit work in Texas. Investors may watch how this and the Green Line progress translate into backlog, margin quality, and future awards.

Key Terms

advanced rapid transit technical

"to complete the final design of the Advanced Rapid Transit (ART) program"

A high-capacity, fast public transit system that uses modern vehicles, dedicated routes and often automation to move large numbers of people quickly across urban areas — think of it as an express highway for mass transit. It matters to investors because these projects require large upfront spending and long-term maintenance but can create steady revenue streams, influence real estate values and carry regulatory and ridership risks that affect returns.

off-board fare collection technical

"and offering off-board fare collection for faster boarding"

Off-board fare collection is a transit payment system where riders pay before they step onto a vehicle—at kiosks, validators, apps or station gates—so boarding is faster and vehicles spend less time waiting. Like prepaying for a movie before entering the theater, it reduces delays and can lower fare evasion, which affects service efficiency, ridership experience and the transit operator’s revenue and cost profile—key factors for investors evaluating returns and risks.

dedicating bus lanes technical

"by dedicating bus lanes outside regular traffic"

Dedicating bus lanes means setting aside one or more roadway lanes exclusively for buses so they can travel faster and more reliably than mixed traffic, like an express checkout lane reserved for customers with few items. For investors, this matters because such changes can shift commuting patterns, boost public transit use, alter demand for nearby real estate and retail, affect revenues for transit operators, and change municipal transportation spending and regulatory risk — all of which can influence company earnings and local economic activity.

transit-friendly traffic signals technical

"using transit-friendly traffic signals"

Traffic lights programmed to give buses, trams, or other public transit vehicles extra time or early green lights so they run closer to schedule and spend less time idling at intersections. Think of them as a “green wave” for transit vehicles that reduces delays, makes service more reliable, and can lower operating costs. Investors care because improved transit reliability can raise ridership, reduce fleet expenses, and boost demand for related technology, infrastructure, and nearby real estate.

AI-generated analysis. Not financial advice.

CHANTILLY, Va., Dec. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been selected by VIA Metropolitan Transit Authority (VIA) to complete the final design of the Advanced Rapid Transit (ART) program for the VIA Rapid Silver Line in San Antonio.

“Parsons has supported VIA for more than 25 years, and we’re proud to continue with a new phase of the ART program,” said Sean Tenney, vice president and Texas regional manager for Parsons. “The ART program is a modern public transportation solution that is helping better connect the San Antonio region, driving economic growth as the population continues to expand. This program extends our work with VIA, underscoring Parsons’ commitment to delivering high-quality transit.”

The 7.3-mile VIA Rapid Silver Line, with an estimated project cost of $322 million, will include 18 new or modified stations, providing more frequent and reliable service that connects employment and residential centers along the east and west sides of the city. The project will also improve connectivity to the larger VIA system. The ART system will provide fast, frequent, and reliable public transit by dedicating bus lanes outside regular traffic, using transit-friendly traffic signals, and offering off-board fare collection for faster boarding.

Parsons is also currently supporting VIA in delivering the final design of the ART program’s Green Line, which will connect the San Antonio International Airport through Downtown and south to the historic Missions area. The Green Line and Silver Line corridors will intersect in downtown San Antonio. Our rail and transit experts have been connecting communities across Texas for more than 50 years and have delivered numerous rapid transit projects nationwide, with a proven track record of quality, innovation, and operational excellence.

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 Dec. 23, 2025 regarding San Antonio transit?

Parsons was selected to complete final design of the VIA Rapid Silver Line ART corridor.

How long is the VIA Rapid Silver Line and what is its estimated cost?

The Silver Line is 7.3 miles with an estimated project cost of $322 million.

How many stations will the Parsons-designed Silver Line include for PSN investors?

The project will include 18 new or modified stations.

How does the Silver Line design improve service according to Parsons (PSN)?

By using dedicated bus lanes, transit-priority signals, and off-board fare collection for faster, more reliable service.

Does Parsons (PSN) have prior experience with VIA and related projects?

Yes; Parsons has supported VIA for more than 25 years and is also working on the ART Green Line final design.