Parsons Corporation (PSN) saw a rise in its stock following the awarding of multiple contracts for the replacement of the John A. Blatnik Bridge. The company's stock performed better than the overall market trends, with the Nasdaq dropping 1.32% and the S&P 500 decreasing by 0.37%. Parsons secured design and construction oversight contracts for the project, estimated to cost between $1.1 billion and $1.4 billion. The Minnesota and Wisconsin Departments of Transportation awarded these contracts to Parsons. The company had previously completed the preliminary engineering design for the bridge and will now continue to support the project through the design-build phase. Construction for the new bridge is set to commence in fall 2026. For more details, the full story can be found on Benzinga.com.