Parsons Awarded Contract to Support Caltrans Transportation Facilities
Parsons (NYSE: PSN) has been awarded a $23 million contract by the California Department of Transportation (Caltrans) to provide engineering and inspection services for structure construction projects in Districts 1, 2, and 3-North. The contract extends Parsons' long-standing relationship with Caltrans, dating back to 2007, focusing on bridge rehabilitation, new bridge construction, and retaining walls.
The project aims to improve California's transportation system through roadway rehabilitation, new facility construction, and infrastructure modifications. This initiative is particularly significant with upcoming high-profile events like the Olympics and World Cup. Parsons brings extensive experience, having completed over 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments.
Parsons (NYSE: PSN) ha ricevuto un contratto da 23 milioni di dollari dal Dipartimento dei Trasporti della California (Caltrans) per fornire servizi di ingegneria e ispezione per progetti di costruzione di strutture nei Distretti 1, 2 e 3-Nord. Il contratto estende la lunga collaborazione di Parsons con Caltrans, che risale al 2007, concentrandosi sulla riabilitazione dei ponti, la costruzione di nuovi ponti e muri di contenimento.
Il progetto mira a migliorare il sistema di trasporto della California attraverso la riabilitazione delle strade, la costruzione di nuove strutture e modifiche alle infrastrutture. Questa iniziativa 猫 particolarmente significativa in vista di eventi di alto profilo come le Olimpiadi e la Coppa del Mondo. Parsons porta un'esperienza considerevole, avendo completato oltre 10.000 miglia di strade, 4.500 ponti e pi霉 di 50 implementazioni di sistemi avanzati di gestione del traffico.
Parsons (NYSE: PSN) ha sido premiada con un contrato de 23 millones de d贸lares por el Departamento de Transporte de California (Caltrans) para proporcionar servicios de ingenier铆a e inspecci贸n para proyectos de construcci贸n de estructuras en los Distritos 1, 2 y 3-Norte. El contrato ampl铆a la larga relaci贸n de Parsons con Caltrans, que se remonta a 2007, centr谩ndose en la rehabilitaci贸n de puentes, la construcci贸n de nuevos puentes y muros de contenci贸n.
El proyecto tiene como objetivo mejorar el sistema de transporte de California a trav茅s de la rehabilitaci贸n de carreteras, la construcci贸n de nuevas instalaciones y modificaciones de infraestructura. Esta iniciativa es particularmente significativa con los pr贸ximos eventos de alto perfil como los Juegos Ol铆mpicos y la Copa del Mundo. Parsons aporta una amplia experiencia, habiendo completado m谩s de 10,000 millas de carreteras, 4,500 puentes y m谩s de 50 implementaciones de sistemas avanzados de gesti贸n del tr谩fico.
Parsons (NYSE: PSN)電� 旌橂Μ韽媹鞎� 甑愴喌攵�(Caltrans)搿滊秬韯� 2300毵� 雼煬 瓿勳暯鞚� 觳搓舶頃橃棳 1, 2, 3-攵侂秬 歆�甑潣 甑“氍� 瓯挫劋 頂勲鞝濏姼鞐� 雽�頃� 鞐旍雼堨柎毵� 氚� 瓴�靷� 靹滊箘鞀るゼ 鞝滉车頃橁矊 霅╇媹雼�. 鞚� 瓿勳暯鞚� 2007雲勲秬韯� 鞁滌瀾霅� Parsons鞕� Caltrans 臧勳潣 鞓る灉 甏�瓿勲ゼ 鞐办灔頃橂┌, 欤茧 甑愲焿 鞛櫆, 靸堧鞖� 甑愲焿 瓯挫劋 氚� 鞓闺步鞐� 欷戩爯鞚� 霊愱碃 鞛堨姷雼堧嫟.
鞚措矆 頂勲鞝濏姼電� 霃勲 鞛櫆, 靸堧鞖� 鞁滌劋 瓯挫劋 氚� 鞚疙攧霛� 靾橃爼 鞛戩梾鞚� 韱淀暣 旌橂Μ韽媹鞎勳潣 甑愴喌 鞁滌姢韰滌潉 臧滌劆頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�. 鞚� 鞚措媹靺旐嫲敫岆姅 鞓頂疥臣 鞗旊摐旎� 臧欖潃 欤检殧 鞚措菠韸鸽ゼ 鞎炿憪瓿� 韸鬼瀳 欷戩殧頃╇媹雼�. Parsons電� 10,000毵堨澕 鞚挫儊鞚� 霃勲, 4,500臧滌潣 甑愲焿, 50臧� 鞚挫儊鞚� 瓿犼笁 甑愴喌 甏�毽� 鞁滌姢韰� 氚办箻 瓴巾棙鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
Parsons (NYSE: PSN) a 茅t茅 r茅compens茅e par un contrat de 23 millions de dollars du D茅partement des Transports de Californie (Caltrans) pour fournir des services d'ing茅nierie et d'inspection pour des projets de construction de structures dans les Districts 1, 2 et 3-Nord. Ce contrat renforce la relation de longue date entre Parsons et Caltrans, qui remonte 脿 2007, en se concentrant sur la r茅habilitation de ponts, la construction de nouveaux ponts et de murs de sout猫nement.
Le projet vise 脿 am茅liorer le syst猫me de transport de Californie par la r茅habilitation des routes, la construction de nouvelles installations et des modifications d'infrastructure. Cette initiative est particuli猫rement significative en pr茅vision d'茅v茅nements de haute envergure tels que les Jeux Olympiques et la Coupe du Monde. Parsons apporte une vaste exp茅rience, ayant d茅j脿 r茅alis茅 plus de 10 000 miles de routes, 4 500 ponts et plus de 50 d茅ploiements de syst猫mes avanc茅s de gestion du trafic.
Parsons (NYSE: PSN) wurde vom kalifornischen Verkehrsministerium (Caltrans) mit einem 23 Millionen Dollar Vertrag beauftragt, um Ingenieur- und Inspektionsdienstleistungen f眉r Bauprojekte im Distrikt 1, 2 und 3-Nord bereitzustellen. Der Vertrag erweitert die langj盲hrige Zusammenarbeit von Parsons mit Caltrans, die bis ins Jahr 2007 zur眉ckreicht und sich auf die Sanierung von Br眉cken, den Bau neuer Br眉cken und St眉tzmauern konzentriert.
Ziel des Projekts ist es, das Verkehrssystem Kaliforniens durch Stra脽enrenovierung, den Bau neuer Einrichtungen und Infrastruktur盲nderungen zu verbessern. Diese Initiative ist besonders bedeutsam im Hinblick auf bevorstehende hochkar盲tige Veranstaltungen wie die Olympischen Spiele und die Weltmeisterschaft. Parsons bringt umfassende Erfahrung mit, da 眉ber 10.000 Meilen Stra脽en, 4.500 Br眉cken und mehr als 50 moderne Verkehrsmanagementsysteme erfolgreich implementiert wurden.
- Secured new $23 million contract with Caltrans
- Continues long-term relationship with Caltrans since 2007
- Strategic timing with upcoming major events (Olympics and World Cup)
- None.
Insights
The
The contract's "as needed" nature provides revenue flexibility but makes exact timing of revenue recognition less predictable. Given Parsons' extensive portfolio including over 10,000 miles of roadways and 4,500 bridges, this contract reinforces their market position but isn't likely to materially impact the stock price.
The strategic value of this contract extends beyond its monetary worth. Securing work in three Caltrans districts positions Parsons advantageously for California's upcoming infrastructure demands related to the 2026 World Cup and 2028 Olympics. The scope covering engineering and inspection services for structural construction aligns with critical infrastructure needs that typically precede major sporting events.
The contract's focus on bridge rehabilitation, new construction and retaining walls addresses essential infrastructure components that will require upgrades to handle increased traffic loads during these events. Parsons' demonstrated expertise in advanced traffic management systems will be particularly valuable as California aims to optimize traffic flow and reduce emissions - key considerations for host cities of international sporting events.
CHANTILLY, Va. , Dec. 11, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that California Department of Transportation (Caltrans) has selected the company to perform professional and technical services. This
鈥淧arsons has worked with the Caltrans for decades to improve California鈥檚 transportation system and provide greater mobility throughout the state,鈥� said Mark Fialkowski, president of Infrastructure North America聽for Parsons. 鈥淲ith multiple high-profile events coming in the near future, including the Olympics and World Cup, Parsons is ready to support California in ensuring the infrastructure is in place to allow for an efficient, safe, and positive experience.鈥�
Parsons has performed similar services for Caltrans since 2007, providing construction engineering and inspection services for bridge rehabilitation projects, new bridge construction projects and retaining walls. The project will improve the State transportation system, including roadway rehabilitation, construction of new facilities, and widening, realigning and relocating existing facilities.
Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.
To learn more about Parsons鈥� transportation expertise, visit .
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聽 and follow us on and to learn how we're making an impact.
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