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Parsons stock rises after winning $1.1-$1.4B contracts for John A. Blatnik Bridge project

Market News
16 Jun 2026
Lekha Gupta
View Source
Bullish
pluang ai news

Parsons Corporation's stock increased following the award of design and construction oversight contracts for the John A. Blatnik Bridge replacement project, valued between $1.1 billion and $1.4 billion. The project, led by the Minnesota and Wisconsin Departments of Transportation, will see Parsons continue its involvement from preliminary engineering to the design-build phase. Construction is expected to start in fall 2026, with the new bridge opening in 2031, improving traffic flow between Duluth, Minnesota, and Superior, Wisconsin. Despite a mixed longer-term stock trend, the recent contract win highlights Parsons' strength in the infrastructure sector amid broader market declines.

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