Parsons Selected to Lead Design of $409M Roosevelt Bridge Replacement
Rhea-AI Summary
Parsons (NYSE: PSN) was selected to lead design of the $409 million Roosevelt Bridge Replacement over Lake Texoma in Bryan and Marshall Counties, Oklahoma. The two‑mile, 63‑span project will be built in two phases with substructure elements reaching approximately 150 feet below the lake surface.
ODOT selected a Zachry/Traylor joint venture to deliver the bridge; the project received a $124 million federal grant in 2024 and combines federal and state funding to replace the 1945 structure.
Positive
- $409 million Roosevelt Bridge design award to Parsons
- $124 million federal grant awarded in 2024
- Project is a two‑mile, 63‑span modern replacement
Negative
- Substructure extends ~150 feet below lake surface (technical challenge)
- Construction in two phases to maintain traffic may raise schedule risk
News Market Reaction – PSN
In the Apr 13 session, PSN gained 0.21%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 10 | Industry awards | Positive | -2.0% | Regional awards recognition for complex refurbishment and mentoring achievements in the Middle East. |
| Apr 08 | Business reorganization | Positive | +3.1% | Unification of aviation units into a single North American Aviation organization. |
| Apr 06 | Contract win | Positive | +0.1% | Selection by Utah DOT for a 10-year statewide V2X management system agreement. |
| Apr 01 | Earnings announcement | Neutral | +2.2% | Scheduling of first quarter 2026 results release and conference call details. |
| Apr 01 | International project award | Positive | +1.7% | Award of project management consultant role for Al Ittihad Sports Village in Saudi Arabia. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Operational wins and strategic moves have generally seen modest positive price reactions, with one notable divergence on awards-related news.
Over recent weeks, Parsons reported several business positives: international recognition at the Big Project Middle East Awards, a unification of its aviation capabilities across more than 450 airports and 600 FAA facilities, and a 10-year Utah V2X management agreement. It also announced timing for first quarter 2026 results and secured a project management role for Al Ittihad Sports Village in Saudi Arabia. Against this backdrop of steady contract and platform wins, the Roosevelt Bridge Replacement design role adds another large, long-duration infrastructure engagement to Parsons’ portfolio.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHANTILLY, Va., April 13, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), a leading provider of integrated infrastructure and technology solutions, announced today that it was selected to lead the design of the
The replacement bridge will span one of the largest reservoirs in the United States, managed by the U.S. Army Corps of Engineers, and will be constructed in two phases to maintain traffic flow throughout the project. The new 63‑span structure includes substructure elements extending approximately 150 feet below the lake surface, reflecting the technical complexity and engineering precision required for a project of this scale.
“Parsons has a legendary legacy in bridge design, and this project is another example of how our teams continue to deliver the most complex and consequential infrastructure solutions around the world,” said Mark Fialkowski, president of Infrastructure North America for Parsons. “We’re proud to partner with ODOT and the Zachry/Traylor JV to modernize this critical crossing over Lake Texoma and strengthen a structure that communities rely on every day.”
The Roosevelt Bridge, originally built in 1945, is a vital regional connector for residents, freight, and travelers. The replacement project was awarded Oklahoma’s largest federal grant in 2024, totaling
With more than 80 years of experience delivering iconic bridges and major transportation infrastructure, Parsons brings deep technical expertise in long‑span structures, complex foundations, and resilient design. The Roosevelt Bridge Replacement Project reinforces the company’s commitment to advancing safe, modern, and future‑ready infrastructure across the United States. Parsons has delivered more than 4,500 crossings around the world, including landmark projects that carry pedestrians, roads, railways, and pipelines every day.
To learn more about Parsons’ iconic bridge practice, please visit: https://www.parsons.com/bridge/
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn 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
