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Parsons Selected as Lead Designer for Newark AirTrain Replacement Program

Parsons Corporation (PSN) 
Last parsons corporation earnings: 3/10 06:30 am Check Earnings Report
Company Research Source: GlobeNewswire
CHANTILLY, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Port Authority of New York and New Jersey (PANYNJ) has selected the Tutor/O&G joint venture (JV) team, with Parsons as the lead designer, for the Newark AirTrain Replacement Program – Guideway and Stations project. The $1.18 billion project is a critical component of the modernization of Newark Liberty International Airport (EWR) and will replace the existing, aging AirTrain system with a state-of-the-art automated people mover (APM) to better serve the airport's growing passenger needs. The new AirTrain system will enhance passenger experience and improve operational efficiency at one of the region's busiest airports. The replacement system will improve reliability, offer modern amenities, and accommodate increasing passenger demand. As the lead designer, Parsons will be responsible for designing 2.5 miles of elevated guideway, along with three new stations—Station 1, Station Show less Read more
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