CHANTILLY, Va., June  08, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) recently joined the Connecticut Department of Transportation (CTDOT), federal partners, and community leaders to mark the groundbreaking

Parsons Marks Groundbreaking of Major Interchange Improvements Project in Connecticut

Parsons Secures $721 Million CT Infrastructure Project, Expands Backlog

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CHANTILLY, Va., June  08, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) recently joined the Connecticut Department of Transportation (CTDOT), federal partners, and community leaders to mark the groundbreaking</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Parsons Corp. (PSN) joined CTDOT and partners to break ground on the I-91/I-691/Route 15 Interchange Improvements in Meriden, CT. The roughly $721 million, three-phase program designates Parsons as engineer of record and prime design consultant, signaling a meaningful government contract that could bolster backlog and regional exposure in North American transportation markets.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Parsons named engineer of record and prime design consultant for Meriden interchange project.</li><li>Project cost about $721 million, three-phase program to boost mobility and safety.</li><li>Location: I-91/I-691/Route 15 interchange, Meriden, Connecticut.</li><li>Timeline not disclosed; could expand Parsons&#039; transportation backlog and market visibility.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Parsons Corporation (PSN)</strong>: Engineer of record and prime design consultant; potential backlog expansion in transportation.</li><li><strong>Connecticut Department of Transportation (CTDOT)</strong>: CTDOT leading agency on the project; involvement signals government funding for NE infrastructure.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News highlighting a major infrastructure award and PSN&#039;s role in it; reinforces PSN&#039;s transportation backlog expansion and government-contract exposure in the Northeast.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Parsons named engineer of record and prime design consultant for a $721M Connecticut interchange project.</li><li>Project aims to reduce congestion and improve safety and reliability on the I-91 corridor.</li><li>Backlog and Northeast project visibility could improve with multi-year construction work.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of announcement: June 8, 2026.</li><li>Project: I-91/I-691/Route 15 Interchange Improvements, Meriden, CT.</li><li>Contract value: approximately $721 million; three-phase program.</li><li>Parsons role: engineer of record and prime design consultant; design services through construction.</li><li>Impact: project aims to reduce weaving/merging, enhance safety and reliability.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish for PSN on expanded transportation backlog; visibility rises in 2026–2029.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>CHANTILLY, Va., June  08, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PSN">PSN</a>) recently joined the Connecticut Department of Transportation (CTDOT), federal partners, and community leaders to mark the groundbreaking of the I-91/I-691/Route 15 Interchange Improvements Project in Meriden, Connecticut.</p>  <p>Parsons is serving as the engineer of record and the prime design consultant, providing comprehensive engineering services from final design through design services during construction support. The company is working closely with CTDOT and project partners to ensure design integrity, efficient issue resolution, and alignment with rigorous safety, quality, and performance standards by applying its global infrastructure design and program management expertise.</p>  <p>"This project is a critical investment in strengthening one of Connecticut's most critical transportation corridors," said Mark Fialkowski, president, Infrastructure North America for Parsons. "By advancing a phased, programmatic approach, we are helping deliver meaningful improvements to safety, mobility, and reliability while minimizing disruption to the traveling public. Parsons is proud to partner with CTDOT to bring innovative, high-quality solutions that will serve the region for decades to come."</p>  <p>The approximately $721 million, three-phase program represents a major infrastructure investment to improve mobility, enhance safety, and strengthen long-term reliability along the I-91 transportation corridor. Serving as a key link in the Northeast regional network, the interchange supports the movement of people and goods across major interstate routes. Once complete, it will reduce congestion, improve safety by addressing traffic weaving and merging conditions, and enhance reliability for commuters, freight, and local communities.</p>  <p>Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.</p>  <p>To learn more about Parsons' road and highway expertise, visit <a href="https://www.globenewswire.com/Tracker?data=T9TyiERLfRYGPRmVYo3Jyl4tM97ogNRpwDcrVKHzcrQKZTN9LGHBgGj88IhWYMCS38PTHwZr2jnUXrznJ1n5zk-xKMS14NK-AUdKWg44yeFsgrJmdiXGQpKT5ddWmNG8" rel="nofollow" target="_blank">www.Parsons.com/road-highway/</a>.</p>  <p><strong>About Parsons</strong><br></br><em>Parsons (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PSN">PSN</a>) 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 </em><a href="https://www.globenewswire.com/Tracker?data=gUlITmfjAlrmgUlBVbBL094OLIQ_53-2kOVoHjkKkRbbqFMvQ4mco2LH9MQARcqBeiuVDPaxvt-vIhwZDS_-nA==" rel="nofollow" target="_blank"><em>Parsons.com</em></a><em> and follow us on </em><a href="https://www.globenewswire.com/Tracker?data=oOH9LtnIjb-SyZF_QteSrEPYjfhYJPXvH_DmEQgZPp-XGw3RCqwauMjuqvDB2fSDvajkPxKgDDgmKB1KQCvGjxSNlPE8qiKbijM-WRur6lM=" rel="nofollow" target="_blank"><em>LinkedIn</em></a><em> to learn how we're making an impact.</em></p>  <p>Media Contact:<br></br>Bernadette Miller<br></br>+1 980.253.9781<br></br><a href="https://www.globenewswire.com/Tracker?data=4fHm93gmvVtO5UZWbHCbpwkyF3PlUCOrE_x45wCpqKZw3WpWxUTOtDFVOLRfzhEYe7FUDdXkW47qhvNadO3wutMRNxUuw4A6XZUkGFvIZ7DIFPwSaLl2UchwRDjjvOo_" rel="nofollow" target="_blank">Bernadette.Miller@parsons.com</a></p>  <p>Investor Relations Contact:<br></br>Dave Spille<br></br>+ 1 703.775.6191<br></br><a href="https://www.globenewswire.com/Tracker?data=9uKyvvjYRDpzX1h-D-xo1QixFwzo2Rm2UrfsLf69blK5g4WQXiG3D_Hy5slfIz16Dt9K-mEXP7d2mb1hmZV--U8U4T3qj2MaXFgR9XKnNjA=" rel="nofollow" target="_blank">Dave.Spille@parsons.us</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTczMjE5MyM3NjM3NjI0IzIxODYzOTk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NmI1ZTA1NTItZTMzNC00NWExLWEzNmYtNmI1MzQwMDlhNjYxLTExOTc5NTMtMjAyNi0wNi0wOC1lbg==/tiny/Parsons-Services-Company.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/5c5f7c60-e59a-4432-ac4f-44eb3e8c85dc"><img src="https://ml.globenewswire.com/media/5c5f7c60-e59a-4432-ac4f-44eb3e8c85dc/small/parsons-questmark-logo-color-png.png" border="0" width="150" height="31" alt="Primary Logo"></img></a></p>

Parsons Corp. (PSN) joined CTDOT and partners to break ground on the I-91/I-691/Route 15 Interchange Improvements in Meriden, CT. The roughly $721 million, three-phase program designates Parsons as engineer of record and prime design consultant, signaling a meaningful government contract that could bolster backlog and regional exposure in North American transportation markets.

Parsons Marks Groundbreaking of Major Interchange Improvements Project in Connecticut

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Industry News

Related News