Parsons Secures Key Program and Construction Management Contract for Qatar's Lusail Development
PSN sits 22% above its 52-week low of $46.88.
Summary
Parsons secured a three-year contract to provide program and construction management for the Lusail City Infrastructure Program in Qatar. This win extends the company's nearly 20-year relationship with the developer for one of the Middle East's most significant master-planned developments. While the contract's financial value is not disclosed, it reinforces Parsons' strong position in major international infrastructure and adds to its project backlog, supporting future revenue streams.
At the time of this announcement, PSN was trading at $57.17 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.1B. The 52-week trading range was $46.88 to $89.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.