MPA Delivery Partners receives a $665 million contract extension for the Hudson Tunnel Project, enhancing U.S. rail infrastructure.
Quiver AI Summary
MPA Delivery Partners, a joint venture consisting of Mace, Parsons Corporation, and Arcadis, has received a $665 million contract extension from the Gateway Development Commission to manage the ongoing Hudson Tunnel Project (HTP) for an additional 4.5 years. The project is on schedule and is expected to create over 95,000 jobs and generate $19 billion in economic activity across the U.S., benefiting suppliers from various states. It aims to construct a new two-tube rail tunnel under the Hudson River while rehabilitating the existing tunnel, significantly improving rail service reliability in the Northeast Corridor and enhancing national rail networks. The HTP, deemed the most urgent rail infrastructure project in the U.S., is seen as a model for future mega-infrastructure collaborations between the public and private sectors.
Potential Positives
- MPA Delivery Partners has secured a substantial $665 million contract extension to manage the Hudson Tunnel Project, indicating confidence from the Gateway Development Commission in their capabilities.
- The Hudson Tunnel Project is expected to generate over 95,000 jobs and more than $19 billion in economic activity, highlighting the project's significant positive impact on the U.S. economy.
- The project is on schedule for completion timelines, reinforcing MPA Delivery Partners' reputation for delivering large-scale infrastructure projects efficiently and effectively.
- The collaboration between public and private sectors in the Hudson Tunnel Project serves as a model for future infrastructure projects, showcasing MPA Delivery Partners' leadership in innovative project delivery methods.
Potential Negatives
- The press release highlights an extensive timeline for the Hudson Tunnel Project, with completion projected as late as 2038, which may raise concerns regarding long-term delays and cost overruns.
- While the project is touted as a job creator, the lengthy timeline and scale may lead to uncertainty about employment stability and the potential for hiring challenges over such an extended period.
- Despite the optimistic messaging, the reliance on multiple construction partners could introduce coordination challenges, potentially impacting project efficiency and delivery timelines.
FAQ
What is the Hudson Tunnel Project?
The Hudson Tunnel Project involves building a new rail tunnel under the Hudson River and rehabilitating the existing 115-year-old tunnel.
Who are the partners in MPA Delivery Partners?
The MPA Delivery Partners joint venture includes Mace, Parsons Corporation, and Arcadis.
How much is the contract extension for the Hudson Tunnel Project?
The contract extension awarded by the Gateway Development Commission is worth $665 million.
What economic benefits will the Hudson Tunnel Project provide?
The project is expected to create over 95,000 jobs and generate more than $19 billion in economic activity across the U.S.
When is the Hudson Tunnel Project expected to be completed?
The new Gateway Tunnel is scheduled for completion in 2035, with the existing tunnel’s rehabilitation by 2038.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PSN Hedge Fund Activity
We have seen 211 institutional investors add shares of $PSN stock to their portfolio, and 167 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,428,858 shares (+90.0%) to their portfolio in Q2 2025, for an estimated $102,549,138
- MILLENNIUM MANAGEMENT LLC removed 1,321,714 shares (-91.6%) from their portfolio in Q2 2025, for an estimated $94,859,413
- CITADEL ADVISORS LLC removed 1,283,491 shares (-74.1%) from their portfolio in Q2 2025, for an estimated $92,116,149
- NEWPORT TRUST COMPANY, LLC removed 846,938 shares (-1.6%) from their portfolio in Q2 2025, for an estimated $60,784,740
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 793,807 shares (+72.5%) to their portfolio in Q2 2025, for an estimated $56,971,528
- JUNTO CAPITAL MANAGEMENT LP added 762,616 shares (+inf%) to their portfolio in Q2 2025, for an estimated $54,732,950
- AQR CAPITAL MANAGEMENT LLC added 639,481 shares (+151.5%) to their portfolio in Q2 2025, for an estimated $45,895,551
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PSN Analyst Ratings
Wall Street analysts have issued reports on $PSN in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Truist Securities issued a "Buy" rating on 09/30/2025
- Keybanc issued a "Overweight" rating on 09/29/2025
- Baird issued a "Outperform" rating on 08/07/2025
- Stifel issued a "Buy" rating on 06/24/2025
- Goldman Sachs issued a "Buy" rating on 06/04/2025
- B of A Securities issued a "Buy" rating on 06/03/2025
To track analyst ratings and price targets for $PSN, check out Quiver Quantitative's $PSN forecast page.
$PSN Price Targets
Multiple analysts have issued price targets for $PSN recently. We have seen 9 analysts offer price targets for $PSN in the last 6 months, with a median target of $87.0.
Here are some recent targets:
- Tobey Sommer from Truist Securities set a target price of $100.0 on 09/30/2025
- Sangita Jain from Keybanc set a target price of $87.0 on 09/29/2025
- Andrew Wittmann from Baird set a target price of $100.0 on 09/17/2025
- Noah Poponak from Goldman Sachs set a target price of $81.0 on 08/13/2025
- Brian Gesuale from Raymond James set a target price of $90.0 on 07/08/2025
- Sheila Kahyaoglu from Jefferies set a target price of $80.0 on 07/02/2025
- Jonathan Siegmann from Stifel set a target price of $81.0 on 06/24/2025
Full Release
NEW YORK, Sept. 30, 2025 (GLOBE NEWSWIRE) -- MPA Delivery Partners, the joint venture of Mace, Parsons Corporation (NYSE: PSN), and Arcadis (EURONEXT: ARCAD) announced today that the team has been awarded a $665 million, 4.5-year contract extension by the Gateway Development Commission (GDC) to continue managing the successful delivery of the Hudson Tunnel Project (HTP).
The HTP is progressing on-schedule and expected to create more than 95,000 jobs around the United States and generate more than $19 billion in economic activity. In addition to the thousands of talented employees in the New York/New Jersey region, the project is driving demand for U.S. suppliers of steel, aggregates, rail and track, and ventilation systems. Companies from North Carolina, Texas, Pennsylvania, Ohio, Alabama, Colorado, and Tennessee are benefiting from the Hudson Tunnel Project, unlocking the power of American ingenuity, and proving that the country is building again. With multiple active construction sites managing different portions of the HTP, the project is on-schedule for the new Gateway Tunnel completion in 2035, and the existing tunnel’s rehabilitation by 2038.
“This is a once-in-a-generation project and a true collaboration between the public and private sectors that will serve as a model for delivering future mega-infrastructure projects around the world,” said Joe Marie, project executive for MPA Delivery Partners. “We are united in our goal of successfully completing this critical project, which will transform the Northeast Corridor and deliver billions of dollars of economic growth to the U.S. economy. GDC and MPA function as a fully integrated partnership, working closely together to ensure the Hudson Tunnel Project is completed on time and within budget.”
The Hudson Tunnel Project is the cornerstone of the Gateway Program and is widely considered the most urgent rail infrastructure project in the United States. The transformational project involves building a brand new two-tube rail tunnel under the Hudson River and rehabilitating the existing 115-year-old tunnel as well as nine miles of new passenger rail track between New York and New Jersey to improve passenger rail service and enhance the reliability of the Northeast Corridor. These improvements will accelerate economic prosperity and growth around the country while improving long-term reliability and redundancy of the regional and national rail networks for NJ TRANSIT and Amtrak. Ultimately, the Hudson Tunnel Project will establish a new 100-year legacy of engineering excellence built by and for America.
MPA was selected as the delivery partner on the project in February 2024. The delivery partner model has an internationally proven track record for helping public agencies deliver large-scale infrastructure projects. The collaborative delivery partner model has an internationally proven success record for helping public- and private-sector organizations deliver large-scale capital projects with benchmark efficiency and socioeconomic benefits.
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.
Media Contact:
Bernadette Miller
+1 980.253.9781
[email protected]
Investor Relations Contact:
Dave Spille
+1 703.775.6191
[email protected]