Parsons Corporation (NYSE:PSN) said it was selected by Bay Area Rapid Transit (BART) to continue delivering general engineering services (GES) to the transit agency through 2028.
The five-year, $40 million task order contract is the fourth consecutive GES contract Parsons has won with BART. The contract is expected to include projects such as strategic planning to convert portions of BART’s non-revenue fleet to zero-emission vehicles (ZEVs), support for capital programs, track and civil design, traction power engineering support, structural and geotechnical design, and fiber optic upgrades.
Parsons has supported BART for more than 30 years and is currently providing design services during construction to BART to implement a Communications-Based Train Control (CBTC) system.
“BART provides pivotal connections for those who work, play, and visit the Bay Area,” said Peter Torrellas, president, Connected Communities business unit for Parsons.
Price Action: PSN shares closed lower by 0.15% at $46.82 on Friday.
