Parsons Corporation secures a $60 million contract for design services on phase 2B2 of the Foothill Gold Line project.
Quiver AI Summary
Parsons Corporation announced that it has received a six-year, $60 million contract from the Foothill Gold Line Construction Authority to design phase 2B2 of the Foothill Gold Line project, which will extend the Metro A Line light rail system by 2.3 miles from Pomona to Claremont. This phase is part of the longest linear light rail line in the world, and Parsons has been involved in the design for each phase of this project over the past 25 years. The expansion aims to enhance access between downtown Los Angeles and eastern Los Angeles County, improving commuter options and contributing to better air quality and reduced traffic congestion. With a long history of infrastructure design, Parsons focuses on innovative solutions to enhance community connectivity and quality of life.
Potential Positives
- Parsons Corporation has secured a $60 million contract to design phase 2B2 of the Foothill Gold Line project, reinforcing its significant role in large transportation infrastructure projects.
- This contract continues Parsons' 25-year legacy with the Foothill Gold Line, highlighting the company's long-standing expertise and reliability in the industry.
- The project aims to enhance connectivity for commuters, improving access to neighborhoods and supporting regional economic development by linking downtown Los Angeles with eastern Los Angeles County.
- Parsons emphasizes innovative and sustainable solutions in its projects, which will contribute to reducing traffic congestion and improving air quality, aligning with current environmental standards and public transportation goals.
Potential Negatives
- None
FAQ
What is the latest contract awarded to Parsons Corporation?
Parsons Corporation has been awarded a six-year, $60 million contract by the Foothill Gold Line Construction Authority for phase 2B2 design services.
How long is the Foothill Gold Line phase 2B2 extension?
The phase 2B2 extension of the Foothill Gold Line project adds a 2.3-mile segment from Pomona to Claremont.
What impact will the A Line expansion have on commuters?
The A Line expansion will improve access between downtown Los Angeles and eastern Los Angeles County, enhancing commuter and visitor options.
How does Parsons contribute to reducing traffic congestion?
Parsons provides innovative design solutions that reduce traffic congestion and improve air quality for safer and more reliable commutes.
What is Parsons' experience in rail and transit projects?
Parsons has extensive experience with over 450 rail and transit projects and has been improving California community connections since 1944.
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 Revenue
$PSN had revenues of $1.6B in Q3 2025. This is a decrease of -10.41% from the same period in the prior year.
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$PSN Hedge Fund Activity
We have seen 203 institutional investors add shares of $PSN stock to their portfolio, and 184 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MORGAN STANLEY added 2,115,419 shares (+315.8%) to their portfolio in Q3 2025, for an estimated $175,410,543
- VAN ECK ASSOCIATES CORP removed 1,134,528 shares (-94.5%) from their portfolio in Q3 2025, for an estimated $94,075,061
- NEWPORT TRUST COMPANY, LLC removed 1,119,023 shares (-2.1%) from their portfolio in Q3 2025, for an estimated $92,789,387
- JPMORGAN CHASE & CO removed 1,061,657 shares (-36.8%) from their portfolio in Q3 2025, for an estimated $88,032,598
- HOOD RIVER CAPITAL MANAGEMENT LLC added 697,926 shares (+449.1%) to their portfolio in Q3 2025, for an estimated $57,872,023
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 696,656 shares (-23.1%) from their portfolio in Q3 2025, for an estimated $57,766,715
- FMR LLC added 660,403 shares (+108.2%) to their portfolio in Q3 2025, for an estimated $54,760,616
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$PSN Analyst Ratings
Wall Street analysts have issued reports on $PSN in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Keybanc issued a "Overweight" rating on 01/20/2026
- Citigroup issued a "Buy" rating on 01/13/2026
- B of A Securities issued a "Buy" rating on 12/30/2025
- William Blair issued a "Outperform" rating on 11/20/2025
- UBS issued a "Buy" rating on 11/19/2025
- Truist Securities issued a "Buy" rating on 09/30/2025
- Baird issued a "Outperform" rating on 08/07/2025
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$PSN Price Targets
Multiple analysts have issued price targets for $PSN recently. We have seen 11 analysts offer price targets for $PSN in the last 6 months, with a median target of $82.0.
Here are some recent targets:
- Adam Seiden from Barclays set a target price of $78.0 on 01/23/2026
- Sangita Jain from Keybanc set a target price of $80.0 on 01/20/2026
- Gavin Parsons from UBS set a target price of $104.0 on 01/15/2026
- John Godyn from Citigroup set a target price of $88.0 on 01/13/2026
- Ronald Epstein from B of A Securities set a target price of $90.0 on 12/30/2025
- Jonathan Siegmann from Stifel set a target price of $90.0 on 12/23/2025
- Sheila Kahyaoglu from Jefferies set a target price of $75.0 on 12/11/2025
Full Release
CHANTILLY, Va., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been awarded a six-year, $60 million new contract by the Foothill Gold Line Construction Authority to complete design of phase 2B2 of the Foothill Gold Line project and provide design services during construction. As part of the longest linear light rail line in the world, phase 2B2 will complete the next segment of the Metro A Line light rail system, by adding a 2.3-mile extension from Pomona to Claremont.
“Parsons has led design teams for each phase of this project for the past 25 years, and we are excited to once again be selected to continue that legacy,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “Extending light rail options opens access to neighborhoods that were once limited for commuters. The A Line expansion will improve commuter and visitor access between downtown Los Angeles and the eastern portion of Los Angeles County. It is rewarding for everyone who has been involved at Parsons to see the next segment move forward to design and come one step closer to fruition.”
This segment, along with previous design phases, will provide innovative and sustainable solutions that reduce traffic congestion, improve air quality, and help commuters reach their destinations safely and reliably. Our rail and transit experts have helped improve connections between California communities since our founding in 1944, including celebrating the substantial completion of the most recently completed phase of the Foothill project from Glendora to Pomona in 2025.
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, over 450 rail and transit projects, 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’ 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
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