PSN - Parsons Wins Position on $1B Contract Supporting DC Metro Projects | Benzinga
CHANTILLY, Va., March 12, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a seat on an indefinite-delivery, indefinite-quantity multiple award task order contract (MATOC) by the Washington Metropolitan Area Transit Authority (Metro) for multi-disciplinary project and construction management support. The approximately $1 billion ceiling-value MATOC includes a base period of five years as well as a one-year option period and represents new work for Parsons.
"Metro has been connecting the District of Columbia, Maryland, and Virginia region for decades, improving mobility safely and efficiently," said Mark Fialkowski, President, North America Infrastructure for Parsons. "We are proud to have partnered with Metro since the authority's inception in 1967 and look forward to continuing to deliver innovative transit solutions for the authority and the customers it serves."
Under this MATOC, Parsons will compete for task orders to provide project management and engineering support services for the authority's capital improvement program.
Parsons' rail and transit experts have been supporting WMATA since its inception in the 1960s, including providing design services for the first sections of the Washington Metro. The company's innovative solutions have paved the way for numerous rapid transit projects and deliver a proven track record of quality and experience in the rail and transit market around the world.
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, ...