This contract win adds to Parsons' infrastructure backlog and supports revenue visibility over the multi-year project timeline. Monitor future quarterly filings for backlog growth and segment revenue contribution from infrastructure North America.
Price Chart
Executive Summary
Parsons Corporation announced its role as engineer of record and prime design consultant for the $721 million I-91/I-691/Route 15 Interchange Improvements Project in Connecticut, marking a major infrastructure contract win. The project strengthens Parsons' position in large-scale transportation infrastructure and provides a multi-year revenue stream through design and construction support services.
Key Financial Metrics
Key Facts
- Parsons is serving as engineer of record and prime design consultant for the $721 million I-91/I-691/Route 15 Interchange Improvements Project.
- The project is a three-phase program with the Connecticut Department of Transportation (CTDOT).
- Parsons will provide comprehensive engineering services from final design through construction support.
- The project aims to reduce congestion, improve safety, and enhance reliability on a key Northeast regional corridor.
Financial Impact
Contract valued at approximately $721 million total program cost; Parsons' specific revenue share not disclosed but as prime design consultant, likely a material portion of the program.
Risk Factors
- Project execution risks including cost overruns, delays, or scope changes.
- Dependence on state and federal funding for transportation infrastructure.
- Competitive pressure in the large-scale infrastructure consulting market.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3307907 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $50.53 (+20.02%) |
Sep 29, 2026 28d ago | Press Release | $41.55 $40.97 | ▼ −1.40% | ▼ −1.19% | $50.53 (+21.61%) |
Jul 29, 2026 12w ago | 8-K | $40.32 $43.17 | ▼ −7.07% | ▼ −5.39% | $50.53 (−25.32%) |
Jul 16, 2026 14w ago | GOVT-CONTRACT | $56.05 $55.48 | ▼ −1.02% | ▼ −0.86% | $50.53 (−9.85%) |
Jul 7, 2026 16w ago | Press Release | $56.48 $56.63 | ▲ +0.27% | ▲ +0.57% | $50.53 (−10.53%) |
Jul 1, 2026 16w ago | Press Release | $53.16 $56.29 | ▲ +5.89% | ▲ +6.02% | $50.53 (−4.95%) |
Jun 16, 2026 19w ago | Press Release | $55.66 $54.82 | ▼ −1.51% | ▼ −0.26% | $50.53 (−9.22%) |
Jun 15, 2026 19w ago | Press Release | $55.49 $55.66 | ▲ +0.31% | ▲ +0.90% | $50.53 (−8.94%) |
Jun 9, 2026 20w ago | Press Release | $58.51 $56.47 | ▼ −3.49% | ▼ −1.91% | $50.53 (−13.64%) |
Jun 8, 2026 20w ago | Press Release | $57.83 $58.51 | ▲ +1.18% | ▲ +1.47% | $50.53 (−12.62%) |
US Market Status
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