Parsons Pockets $150M Contract From Southern Nevada Water Authority To Improve System Reliability

Parsons Corporation PSN was selected by the Southern Nevada Water Authority to provide program and construction management services for the 2020 Major Construction and Capital Plan (MCCP). 

This seven-year, $150 million contract includes program support for major capital projects and project labor agreement services within the 2020 MCCP as directed by the authority.

Parsons will provide program and construction management for the Garnet Valley Water and Wastewater projects, Stage II Reliability projects, Ozone Equipment Upgrades, Microbiology Lab Expansion, Lower Las Vegas Wash Stabilization, Horizon Lateral Program, Flocculation Area Rehabilitation and the River Mountains Engineering and Operations building.

"Having completed more than 120 major projects for the Southern Nevada Water Authority, we're proud to continue improving system reliability, increase water use efficiency, and create a longer water life cycle that results in cost savings and better community health," said Mark Fialkowski, president, Infrastructure North America for Parsons.

Parsons is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection.

Price Action: PSN shares traded higher by 0.68% at $55.92 on the last check Thursday.