1. Parsons selected for VIA Rapid Silver Line design in San Antonio. 2. Project cost is $322 million with 18 stations focused on transit efficiency. 3. Parsons aims to improve connectivity and economic growth in the region. 4. Follows extensive history of support to VIA over 25 years. 5. Parsons also working on the Green Line parallel project.
FAQ
Why Bullish?
Securing large contracts like the VIA project can enhance revenue stability and future prospects. Historically, projects of similar scale have positively affected stock performance.
How important is it?
The announcement directly impacts Parsons' project pipeline and growth outlook, reflecting stability and potential market confidence.
Why Long Term?
The project will contribute to Parsons' long-term growth potential through sustained revenue from public infrastructure projects, similar to previous significant contracts.
CHANTILLY, Va., Dec. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has been selected by VIA Metropolitan Transit Authority (VIA) to complete the final design of the Advanced Rapid Transit (ART) program for the VIA Rapid Silver Line in San Antonio.
"Parsons has supported VIA for more than 25 years, and we're proud to continue with a new phase of the ART program," said Sean Tenney, vice president and Texas regional manager for Parsons. "The ART program is a modern public transportation solution that is helping better connect the San Antonio region, driving economic growth as the population continues to expand. This program extends our work with VIA, underscoring Parsons' commitment to delivering high-quality transit."
The 7.3-mile VIA Rapid Silver Line, with an estimated project cost of $322 million, will include 18 new or modified stations, providing more frequent and reliable service that connects employment and residential centers along the east and west sides of the city. The project will also improve connectivity to the larger VIA system. The ART system will provide fast, frequent, and reliable public transit by dedicating bus lanes outside regular traffic, using transit-friendly traffic signals, and offering off-board fare collection for faster boarding.
Parsons is also currently supporting VIA in delivering the final design of the ART program's Green Line, which will connect the San Antonio International Airport through Downtown and south to the historic Missions area. The Green Line and Silver Line corridors will intersect in downtown San Antonio. Our rail and transit experts have been connecting communities across Texas for more than 50 years and have delivered numerous rapid transit projects nationwide, with a proven track record of quality, innovation, and operational excellence.
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 and follow us on LinkedIn to learn how we're making an impact.
Media Contact:
Bernadette Miller
+1 980.253.9781
Bernadette.Miller@parsons.com
Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.us
