Parsons Corporation announced a 10‑year agreement with the Utah Department of Transportation (UDOT) to design, deploy, and maintain a statewide Vehicle‑to‑Everything (V2X) Maintenance and Management System. The contract will see Parsons use its iNET® software platform to create a cloud‑based system that monitors and manages Utah’s expanding network of connected‑vehicle devices.
The win is significant for Parsons because it establishes a new statewide customer relationship and provides a recurring revenue stream over a decade. It also deepens the company’s footprint in the rapidly growing V2X market, where demand for real‑time traffic and vehicle‑infrastructure communication is accelerating as states pursue safer, more efficient transportation networks.
Utah has long been a leader in V2X technology, receiving a $20 million award in June 2024 to advance the “Connecting the West” program and partnering with Panasonic on a smart‑roadway data network. The state has been experimenting with V2X since 2015 and has already installed the technology in snowplows, positioning it as an early adopter and a valuable partner for companies like Parsons that specialize in connected‑vehicle solutions.
Parsons’ recent financial results provide context for the contract win. In its Q4 2025 earnings released February 11 2026, the company reported a decline in revenue but record adjusted EBITDA and net income. The Federal Solutions segment saw a drop due to a confidential contract, while the Critical Infrastructure segment grew. Management guided for a 4.5% revenue increase in fiscal 2026, reflecting confidence in its expanding portfolio and the momentum in the V2X space.
Mark Fialkowski, president of Infrastructure North America, said, “We look forward to leveraging our proven track record in implementing iNET‑based Advanced Traffic Management Solutions to help improve connectivity in collaboration with UDOT,” and added, “The statewide deployment of our iNET® V2X platform demonstrates our technical maturity and continued investment in innovative, scalable solutions that empower agencies to operate safer and more efficient transportation networks.”
The contract, while not publicly disclosed in financial terms, underscores Parsons’ strategy to capture long‑term, high‑margin work in intelligent transportation systems and positions the company to benefit from Utah’s continued investment in V2X infrastructure.
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