05:06 PM EDT, 05/13/2025 (MT Newswires) -- Parsons (PSN) said late Tuesday it was awarded two delivery partner contracts by the King Salman International Airport Development for the initial four years of the Riyadh-based airport's development.

Financial terms were not disclosed.

The first contract focuses on airfield assets while the second contract is for landside infrastructure packages, according to a statement.

Under the agreements, Parsons will provide project management services across all phases, including design, permits, procurement, construction, commissioning, and handover, the company said.

Shares of Parsons were up 2.6% in after-hours trading.