CHANTILLY, Va. - Parsons Corporation (NYSE: NYSE:PSN) has been selected for a role in a major infrastructure initiative by the Washington Metropolitan Area Transit Authority (WMATA), the company announced today. The initiative, an indefinite-delivery, indefinite-quantity multiple award task order contract (MATOC), is valued at up to $1 billion and includes a five-year base period with an additional one-year option.
The contract positions Parsons to compete for task orders that will provide project management and engineering support services as part of WMATA's capital improvement program. This development represents new work for the company, building on a longstanding relationship with Metro (TSX:MRU) that dates back to the authority's inception in 1967.
Parsons has a history of contributing to the transportation infrastructure in the region, having provided design services for the first sections of the Washington Metro. The company's expertise in rail and transit is expected to support WMATA's efforts to enhance mobility across the District of Columbia, Maryland, and Virginia.
Mark Fialkowski, President of North America Infrastructure at Parsons, expressed pride in the company's continuous partnership with Metro and its commitment to delivering innovative transit solutions. The MATOC is anticipated to further this mission, leveraging Parsons' global experience in rapid transit projects.
Parsons, a publicly traded technology provider in the national security and global infrastructure markets, offers a wide range of services including cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection.
This announcement is based on a press release statement and does not constitute an endorsement of Parsons' claims. It is part of Parsons' ongoing efforts to support infrastructure development and reflects the company's role in competing for future task orders under the WMATA contract.
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