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Parsons Bags $33M Contract To Deploy iNET Smart Mobility System Statewide To Support Design, Development, Integration, Testing, Operations, And Maintenance For NYSDOT’s TSMO Software System
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  • Parsons was awarded a $33 million contract to deploy its iNET® smart mobility system statewide to support design, development, integration, testing, operations, and maintenance for NYSDOT’s Transportation Systems Management and Operations (TSMO) software system.
  • The award continues Parsons’ success in winning statewide advanced traffic management system deployments.
  • Leveraging Parsons’ infrastructure market knowledge and technology solutions, the company delivers advanced digital solutions like iNET® to global customers.
     

CHANTILLY, Va., July 20, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was selected by the New York State Department of Transportation (NYSDOT) to deliver the NYSDOT Statewide TSMO Software System. The $33 million contract includes an enterprise-level deployment of iNET®, Parsons’ intelligent transportation software (ITS) platform, as well as system design, software development, integration, testing, and operations and maintenance services.

This award represents new work for Parsons and establishes another major statewide anchor, joining Georgia and New Jersey, and builds on district-level advanced traffic management system deployments the company previously delivered in New York.

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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