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Parsons Wins 10-Year Deal to Build Smart Vehicle Network System Across Utah
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Parsons Corporation (NYSE:PSN) today announced that the company has been selected by the Utah Department of Transportation (UDOT) to develop, implement, and maintain a statewide Vehicle-to-Everything (V2X) Maintenance and Management System, further expanding the company's leadership in connected vehicle technologies and intelligent transportation. The contract represents new work for the company.

Under the 10-year agreement, Parsons will deploy its industry leading iNET® software solution to deliver a cloud based, statewide system capable of managing and maintaining Utah's growing ecosystem of connected vehicle devices. The platform will provide UDOT with real-time system health monitoring, performance analytics, and enhanced operational insights to help UDOT efficiently operate, maintain, and scale its V2X infrastructure across the state.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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