Parsons And Vanir Form Joint Venture In Pursuit Of Sacramento International Airport’s Expansion Program

CHANTILLY, Va. (February 1, 2024) – Parsons Corporation (NYSE: PSN) announced today that the company is leading a joint venture with Vanir to pursue a construction management contract for SMForward, a $1.3 billion airport improvement and expansion program that will support the growth and development of the Sacramento International Airport (SMF).

As part of the Sacramento County Department of Airports strategic vision, SMForward represents the largest construction program in Sacramento’s history and will significantly enhance the convenience, comfort, and accessibility of the airport for all travelers. This ambitious project is a complete transformation of the airport experience for the people of Sacramento and its visitors and will accommodate projected passenger growth and support further development in the region.

“Parsons is helping our clients imagine the future of global infrastructure by dreaming, designing, building, and delivering complex infrastructure projects that advance connectivity, improve local economies, increase sustainability, and enhance the quality of life in our communities,” said Catherine Cronin, senior vice president, Aviation for Parsons. “Ranked as #6 on J.D. Power’s list of best large airports in America, we are excited for the opportunity to support further passenger growth for this iconic gateway into Northern California.”

Parsons has planned, designed, constructed, and managed complex landside and airside infrastructure works for more than 450 airports in 40 countries, including Los Angeles International (LAX), Fort Lauderdale (FLL), Hartsfield-Jackson Atlanta International Airport (ATL), and Newark Liberty International Airport (EWR), among others. Parsons’ recent civil engineering work on EWR’s Terminal A received an Excellence in Sustainability Award and Airport/Transit Award of Merit from the Engineering News-Record (ENR).

Vanir is headquartered in Sacramento and is known for its engagement in the community, broad aviation experience and for delivering some of the region’s most vital facilities. This includes the renovation and new construction of numerous K-12 schools, renovation of the historic Stanley Mosk Library and Courts building on Capitol Mall, and the recently completed UC Davis Health Ambulatory Care Center Expansion/Ernest E. Tschannen Eye Institute.

“We live here and routinely travel through SMF, our team thoroughly understands the critical need for SMForward,” said Dorene C. Dominguez, chairwoman and CEO of Vanir. “We are excited to collaborate with Parsons to pursue this program and potentially bring our 60 years of experience and commitment, including extensive experience in aviation, to help deliver these vital improvements for our hometown airport.”

To learn more about Parsons’ aviation expertise, visit www.parsons.com/aviation. To learn more about Vanir’s aviation expertise, visit www.vanir.com/market/transportation.

About Parsons

Parsons (NYSE: PSN) is a leading 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. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

About Vanir

Vanir is a national leader in program, project and construction management and real estate development. Ranked as a top firm by Engineering News-Record for more than three decades, our award-winning team provides a full range of services to public and private sector clients in the aviation and transportation; healthcare; education (K-12 and higher); justice and essential services; science and technology; state and local government; commercial, residential, and nonprofit; energy; and water and wastewater markets.

Forward-Looking Statements

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