Parsons jumps on Middle East contract wins, including $97 billion in Qatar

Frank DeMatteo

Wed, May 14, 2025, 10:02 AM 1 min read

Investing.com -- Shares of Parsons Corp (NYSE:PSN) jumped implicit 2% higher Wednesday aft it was announced by the White House that the institution has successfully won 30 projects worthy up to $97 cardinal successful Qatar.

U.S. President Donald Trump is successful Qatar contiguous and has already announced economical deals totaling much than $243.5 cardinal betwixt the United States and Qatar.

“Parsons has successfully won 30 projects worthy up to $97 billion,” the White House said today. "These high-value engagements person fueled important institution growth, supporting thousands of jobs crossed the United States and reinforcing American enactment successful cutting-edge engineering and innovation."

In summation to today’s Qatar announcement, Parsons announced a woody successful Saudi Arabia to spouse for King Salman International Airport connected Tuesday.

Parsons said the archetypal declaration for the King Salman International Airport covers airfield assets, including runways, taxiways, craft parking areas, and aerial postulation power towers. The 2nd declaration involves landside infrastructure, encompassing roads, utilities, tunnels, bridges, a obstruction network, and landscaping. The institution did not supply a dollar magnitude connected the Saudi contracts, but said they are “significant contracts” and correspond caller enactment spanning the archetypal 4 years of the airport’s multi-year development.

President Trump was successful Saudi Arabia connected Tuesday.

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