CHANTILLY, Va., May  04, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has been awarded a contract by The Boring Company (TBC) to provide professional services in support of the Dubai Loop project, an

Parsons Awarded Contract To Support The Boring Company's Innovative Dubai Loop Program

Parsons Secures Major Contract with The Boring Company for Dubai Loop Project

CHANTILLY, Va., May 04, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a ...

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CHANTILLY, Va., May  04, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has been awarded a contract by The Boring Company (TBC) to provide professional services in support of the Dubai Loop project, an</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Parsons Corporation has been awarded a contract by The Boring Company to support the Dubai Loop project over the next nine months. This collaboration could enhance Parsons&#039; revenue and strengthen its position in the regional infrastructure market.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Parsons awarded 9-month contract by The Boring Company for Dubai Loop.</li><li>Contract involves program management and design verification services.</li><li>Partnership aims to enhance Dubai&#039;s transport infrastructure by 2040.</li><li>Parsons has extensive experience in UAE infrastructure projects.</li><li>Collaboration aligns with UAE&#039;s strategic urban mobility goals.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>The Boring Company (TBC)</strong>: PSN&#039;s collaboration with TBC may open avenues for additional infrastructure projects.</li><li><strong>Dubai Roads and Transport Authority (RTA)</strong>: PSN&#039;s relationship with RTA enhances credibility for future contracts in Dubai.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as Parsons expands its portfolio with the Dubai project, leveraging sustained growth in infrastructure demand.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Contract with The Boring Company could enhance PSN&#039;s revenue by new project management fees.</li><li>Partnership solidifies PSN&#039;s reputation in UAE infrastructure, potentially leading to more contracts.</li><li>Rapid execution of the Dubai Loop project could improve PSN&#039;s short-term profitability.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Parsons awarded a 9-month contract by The Boring Company.</li><li>The Dubai Loop aims to enhance urban mobility by 2040.</li><li>Parsons has managed over 250 tunneling projects globally.</li><li>Company has nearly 70 years of experience in the EMEA region.</li><li>Partnership with RTA involves prior projects like the Dubai Metro expansion.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy PSN on contract win, expecting revenue growth in the next quarter.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">CHANTILLY, Va., May  04, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PSN">PSN</a>) has been awarded a contract by The Boring Company (TBC) to provide professional services in support of the Dubai Loop project, an underground transportation initiative being developed in Dubai, United Arab Emirates. This 9-month contract represents new work for Parsons.</p>  <p>Under the contract, Parsons will act as TBC's delegated program manager, supporting design-build activities for the project. As part of this agreement, Parsons will provide integrated services, directly supporting TBC with Independent Design Verification, Stakeholder Management, Permitting and NOC Support for the Dubai Loop pilot phase. Parsons will also conduct multidisciplinary reviews of civil, structural, mechanical, electrical, safety, and utility designs.</p>  <p>"Parsons has proudly played a central role in developing some of the most important and prestigious critical infrastructure programs across the UAE since our first programs there in the 1980s," said Pierre Santoni, president, Infrastructure EMEA at Parsons. "From roads, bridges, and tunnels, to airports, railways, and urban developments, our team has delivered superior quality, integrity and innovation on every single project from day one. Our agreement with TBC reflects the directives of the UAE's leadership to strengthen strategic partnerships with leading global innovators and accelerate the deployment of advanced technologies to support the Dubai 2040 Urban Master Plan. Parsons will ensure all designs are technically robust, fully compliant with local regulations, and efficiently progressed to support safe, reliable, and integrated mobility across the Emirate.&#39;&#39;</p>  <p>&#39;&#39;We are excited to collaborate with Parsons on the Dubai Loop project as we bring next-generation underground transportation solutions to Dubai," said Jim Fitzgerald, Global Vice President of Business Development, The Boring Company. "The Dubai Loop is designed to redefine urban mobility through fast, efficient, and scalable underground transport. By partnering with Parsons, we combine innovative tunneling technology with strong regional expertise and a proven track record in major infrastructure delivery. This collaboration will help accelerate progress, ensure effective stakeholder alignment, and bring this vision to life in one of the world's most forward-thinking cities.&#39;&#39;</p>  <p>In partnership with Dubai's Roads and Transit Authority (RTA), TBC has been tasked with delivering the Dubai Loop, a multi-phased passenger transport tunnel project comprised of multiple tunnels and stations aimed at expanding Dubai&#39;s transport ecosystem and offering an additional mode of transport to residents in, and visitors to, the city. Parsons already works extensively with the RTA, having supported the organization with key transportation infrastructure projects in the Emirate since its inception in 2005. These include groundbreaking projects such as the Dubai Metro Red and Green Line, the Dubai Metro Route 2020 expansion, the Dubai Intelligent Traffic Systems Center, the iconic Infinity Bridge, and more than 100 highway, bridge and tunnel projects across the Emirate.</p>  <p>Parsons has planned, designed, and managed more than 250 complex tunneling projects and the company's road and highway experience spans more than 10,000 miles (16,000 kilometers) across six continents. With a presence in EMEA spanning nearly 70 years, Parsons brings deep domain expertise across project and program management, urban development, transportation (including rail, metro, aviation, roads, and ports), smart mobility, asset management, and master planning.</p>  <p><strong>Media Relations Contact<br></br></strong>Lara Masri<br></br>+971 4 4029767<br></br>Lara.Masri@parsons.com</p>  <p><strong>Investor Relations Contact:</strong><br></br>Dave Spille<br></br>+1 703.775.6191<br></br>Dave.Spille@parsons.com</p>  <p><strong>About Parsons<br></br></strong><em>Parsons (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PSN">PSN</a>) 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 </em><a href="https://www.globenewswire.com/Tracker?data=zsDhj8F1pVZ5TvTn2__gb8slvfN9d4rkOkX0ZURl2AvqVsxNk5EcdTnEoRo9LO_8U1XqcXbA9xj8VohdMlUgmudMAjcFgSCgkWRAjfFonJGtjAbBONYhAqPx-sBUfcLKn5AqcZJJVmm6mggRkrL62GlDu4ud7Mn4hTFGpzujLbmxGJ2MvdEhkmSxxcRFTCljsGj6-2BQ9t3CQdK3e7opuA2_v5qxbEwL9Wojyr-7FjC61T6n_N3Uk2KxtfiWNDZXQgsBjasXM9odACSr4gA78Hu2HwuG1v15vYxRsQFSFkc=" rel="nofollow" target="_blank"><em>Parsons.com</em></a><em> and follow us on </em><a href="https://www.globenewswire.com/Tracker?data=_vVW4wUOn2hUoeNX0_XZoYf-4R-_9KkQQlY2ErZ7peUVH6KOwNSEXgpYwHqOXFdB_iWN5Z8M48_DTkPGah2YjOZSMyulBwWzg47yDyhTrhann_x_E_H84rQI4U2QB18lxy2wsuU8jIyAmkFAFfsg2iPu_U2EKJ-4WOMAixin6nN_HiPpG_844w0r7vGB8lRN9y5tuckocIpUCehroatwjpgGBPUcvSnwPmlMRmGXp1r6j8j8-baUHF00F-vUItNCnzC8ziWQSfisYA-Yrh9BmtquNo4ATBYOMfYZHvTBHBA=" rel="nofollow" target="_blank"><em>LinkedIn</em></a><em> to learn how we're making an impact.</em></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxMTY2OCM3NTc4OTM3IzIxODYzOTk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YjhlNzQ1YzItNmMxOC00YWUzLTg4NjYtZDkwNTE5ZGQ1OWE0LTExOTc5NTMtMjAyNi0wNS0wNC1lbg==/tiny/Parsons-Services-Company.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/5c5f7c60-e59a-4432-ac4f-44eb3e8c85dc"><img src="https://ml.globenewswire.com/media/5c5f7c60-e59a-4432-ac4f-44eb3e8c85dc/small/parsons-questmark-logo-color-png.png" border="0" width="150" height="31" alt="Primary Logo"></img></a></p>

Parsons Corporation has been awarded a contract by The Boring Company to support the Dubai Loop project over the next nine months. This collaboration could enhance Parsons' revenue and strengthen its position in the regional infrastructure market.

Parsons Awarded Contract To Support The Boring Company's Innovative Dubai Loop Program

AI Summary

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