Parsons Corporation's (NYSE: PSN) stock saw an increase on Tuesday following the announcement of winning several contracts related to the John A. Blatnik Bridge replacement project. Despite the Nasdaq dropping by 1.32% and the S&P 500 losing 0.37%, Parsons displayed significant strength in the engineering and infrastructure sectors. The company secured design and construction oversight contracts for the estimated $1.1 billion to $1.4 billion project from the Minnesota and Wisconsin Departments of Transportation. Parsons had previously completed the preliminary engineering design for the bridge and will now continue its support through the design-build phase. The construction of the new bridge is set to commence in the fall of 2026.