Parsons Selected to Lead Design of $409M Roosevelt Bridge Replacement
Parsons (NYSE: PSN) was selected to lead design of the $409 million Roosevelt Bridge Replacement over Lake Texoma in Bryan and Marshall Counties, Oklahoma.
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
Details
News Market Reaction – PSN
On Apr 13, the day this news came out, PSN closed 0.21% above the previous close.
Data tracked by StockTitan Argus for the Apr 13 session.
Key Figures
- Project value
- $409 million
- Roosevelt Bridge Replacement Project over Lake Texoma
- Federal grant
- $124 million
- Largest Oklahoma federal grant in 2024 for replacement project
- Bridge length
- two miles
- Length of new Roosevelt Bridge structure
- Bridge spans
- 63 spans
- Number of spans in new structure
- Foundation depth
- 150 feet
- Approximate depth of substructure elements below lake surface
- Original bridge year
- 1945
- Year the existing Roosevelt Bridge was built
- Experience duration
- more than 80 years
- Parsons’ experience delivering major transportation infrastructure
- Crossings delivered
- more than 4,500
- Number of bridge and crossing projects delivered globally
Historical Context
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24h Move is the share-price change in the day after each event; other market factors may also have contributed.
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
FAQ
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