With an upside potential of 36.86%, Parsons Corporation (NYSE:PSN) is among the Best Transport Infrastructure Stocks to Buy for 2026.
On May 4, Parsons Corporation (NYSE:PSN) announced a strategic partnership with Everywhere Communications to advance next-generation autonomous drone capabilities under a Small Business Innovation Research (SBIR) initiative. The collaboration focuses on enabling reliable drone operations in disconnected and austere environments, with Everywhere Communications introducing a resilient data transport layer powered by Iridium Communications Inc. This technology allows drones to operate autonomously while transmitting critical sensor data to operators and command systems, supporting beyond-line-of-sight operations, autonomous mission execution, scalable coordination, and collaborative drone functionality.
The same day, Parsons Corporation (NYSE:PSN) was awarded a contract by The Boring Company to provide professional services for the Dubai Loop project, an underground transportation initiative in Dubai, UAE. The 9-month contract represents new business for Parsons, under which it will act as delegated program manager, supporting design-build activities for the pilot phase. The company will deliver integrated services, including multidisciplinary reviews across civil, structural, mechanical, electrical, safety, and utility systems. In partnership with Dubai’s Roads and Transit Authority (RTA), the project aims to develop a multi-phase tunnel-based transport system designed to expand urban mobility and enhance connectivity.
Parsons Corporation (NYSE:PSN) founded in 1944 and headquartered in Chantilly, Virginia, is a technology-driven provider of defense, intelligence, and critical infrastructure solutions. The company plays a key role in transportation infrastructure through the design, engineering, and program management of complex projects such as roads, highways, bridges, tunnels, rail systems, and transit networks, while integrating intelligent transportation systems and digital technologies.
Parsons’ expansion into advanced autonomous technologies alongside high-value infrastructure contracts highlights its dual growth engines across defense innovation and global transport development. This diversified exposure, combined with strong positioning in next-generation mobility and smart infrastructure, supports a compelling long-term growth outlook for the company.
While we acknowledge the risk and potential of PSN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PSN and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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