The contract win adds to Parsons' backlog and reinforces its leadership in complex infrastructure design. Traders should monitor future disclosures of Parsons' revenue share and potential follow-on work, especially given the project's high visibility and federal funding support.
Price Chart
Executive Summary
Parsons Corporation (PSN) was selected as lead designer for the $409 million Roosevelt Bridge Replacement Project in Oklahoma, a two-mile-long, technically complex bridge with substructures extending 150 feet below Lake Texoma. The project is funded by a $124 million federal grant and state funds, reinforcing PSN's role in critical U.S. infrastructure.
Key Financial Metrics
Key Facts
- Parsons is lead designer for the $409 million Roosevelt Bridge Replacement Project in Oklahoma.
- Project funded by $124 million federal grant and state funding.
- Bridge spans Lake Texoma, one of the largest U.S. reservoirs, with 63 spans and deep substructures (150 feet below surface).
- Project awarded to Zachry/Traylor JV, with Parsons as lead designer.
- Original bridge built in 1945; replacement ensures long-term safety and resilience.
Financial Impact
$409 million in contract value to the joint venture, with Parsons' share not disclosed but expected to be significant as lead designer
Risk Factors
- Parsons' exact revenue share of the $409 million is not disclosed, limiting immediate financial impact assessment.
- Execution risk in a technically challenging underwater foundation environment could affect timelines and margins.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3272315 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $50.73 (+20.50%) |
Sep 29, 2026 28d ago | Press Release | $41.55 $40.97 | ▼ −1.40% | ▼ −1.19% | $50.73 (+22.09%) |
Jul 29, 2026 12w ago | 8-K | $40.32 $43.17 | ▼ −7.07% | ▼ −5.39% | $50.73 (−25.82%) |
Jul 16, 2026 14w ago | GOVT-CONTRACT | $56.05 $55.48 | ▼ −1.02% | ▼ −0.86% | $50.73 (−9.49%) |
Jul 7, 2026 16w ago | Press Release | $56.48 $56.63 | ▲ +0.27% | ▲ +0.57% | $50.73 (−10.18%) |
Jul 1, 2026 16w ago | Press Release | $53.16 $56.29 | ▲ +5.89% | ▲ +6.02% | $50.73 (−4.57%) |
Jun 16, 2026 19w ago | Press Release | $55.66 $54.82 | ▼ −1.51% | ▼ −0.26% | $50.73 (−8.86%) |
Jun 15, 2026 19w ago | Press Release | $55.49 $55.66 | ▲ +0.31% | ▲ +0.90% | $50.73 (−8.58%) |
Jun 9, 2026 20w ago | Press Release | $58.51 $56.47 | ▼ −3.49% | ▼ −1.91% | $50.73 (−13.30%) |
Jun 8, 2026 20w ago | Press Release | $57.83 $58.51 | ▲ +1.18% | ▲ +1.47% | $50.73 (−12.28%) |
US Market Status
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