Parsons Expands Scope on Critical I-69 Ohio River Bridge Crossing Project
Rhea-AI Summary
Parsons (NYSE: PSN) has secured a five-year, $26 million contract from the Indiana Department of Transportation (INDOT) to continue supporting the I-69 Ohio River Crossing (ORX) project. The expanded scope includes design oversight and construction inspection services for I-69 ORX Section 3, which extends from Veterans Memorial Parkway to the Indiana state line near the Ohio River.
Parsons has been involved in the I-69 ORX project since 2017, providing initial design and environmental studies. The company, a global leader in critical infrastructure, boasts a portfolio of over 10,000 miles of road and highway projects worldwide. This contract reinforces Parsons' commitment to delivering improved transportation experiences for residents and visitors in Indiana and Kentucky.
Positive
- Secured a $26 million contract for the I-69 Ohio River Crossing project
- Expanded scope to include design oversight and construction inspection services
- Continued involvement in a major infrastructure project since 2017
- Demonstrates company's expertise in road and highway projects
Negative
- None.
News Market Reaction
On the day this news was published, PSN declined 0.08%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHANTILLY, Va., July 25, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Indiana Department of Transportation (INDOT) for continued support of the I-69 Ohio River Crossing (ORX) project. The five-year,
“Our team has contributed to the I-69 ORX project since its inception in 2017, providing initial design, and environmental studies to help INDOT and the Kentucky Transportation Cabinet complete this important national corridor,” said Mark Fialkowski, President, North America Infrastructure for Parsons. “We look forward to continuing to provide our eight decades of road and highway experience, helping deliver a better transportation experience for residents and visitors moving through Indiana and Kentucky.”
Parsons is a global leader in critical infrastructure excellence, with a portfolio that includes more than 10,000 miles of road and highway projects around the world. Parsons delivers complex interchanges, tolling and integrated corridor management through both traditional and integrated delivery methods.
To learn more about Parsons’ road and highway expertise, visit www.parsons.com/road-highway/.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
Media Contact:
Bernadette Miller
+1 980.253.9781
Bernadette.Miller@parsons.com
Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.us
FAQ
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