Parsons Corporation received the Engineering Excellence Award for the innovative I-270 North Design-Build Project in Missouri.
Quiver AI Summary
Parsons Corporation has been awarded the prestigious Engineering Excellence Award by the American Council of Engineering Companies (ACEC) of Missouri for its lead design role in the I-270 North Design-Build Project, which has also gained national recognition in the 2025 ACEC Engineering Excellence Awards. With a construction value of $252 million, the project is the largest effort by the Missouri Department of Transportation in recent years, involving the rehabilitation and widening of I-270 and the reconstruction of ten interchanges. Innovative solutions, including one-way roadways and modern roundabouts, were implemented to enhance safety and reduce congestion. Mark Fialkowski, president of Infrastructure North America for Parsons, emphasized the project's contribution to improving transportation infrastructure and its long-term benefits for freight and passenger traffic. The project has successfully eliminated unsignalized crossovers, added 18 new bridges, and provided significant economic access, demonstrating Parsons' leadership in delivering complex infrastructure solutions that promote community value and mobility.
Potential Positives
- Parsons Corporation received the prestigious Engineering Excellence Award from ACEC Missouri, highlighting its leadership and innovation in infrastructure design.
- The I-270 North Design-Build Project was recognized nationally at the 2025 ACEC Engineering Excellence Awards, emphasizing its impact and significance in the field.
- The project, valued at $252 million, represents the largest undertaking by MoDOT in recent years, showcasing Parsons' capability to manage large-scale infrastructure projects.
- Innovative solutions implemented in the project, such as one-way roadways and modern roundabouts, significantly enhanced safety and traffic flow, demonstrating Parsons' commitment to improving transportation infrastructure.
Potential Negatives
- None
FAQ
What award did Parsons Corporation receive for the I-270 North project?
Parsons Corporation received the Engineering Excellence Award from ACEC Missouri and national recognition at the 2025 ACEC Engineering Excellence Awards.
What is the total construction value of the I-270 North Design-Build Project?
The I-270 North Design-Build Project has a total construction value of $252 million.
What innovative solutions were implemented in the I-270 project?
The project implemented innovative design solutions such as one-way roadways and modern roundabouts to enhance safety and reduce congestion.
How long is the I-270 North Design-Build Project?
The project spans nine miles and involves rehabilitating and widening I-270 along with reconstructing ten interchanges.
What are Parsons Corporation's areas of expertise?
Parsons specializes in national security and global infrastructure, including transportation, environmental remediation, urban development, and critical infrastructure protection.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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$PSN Analyst Ratings
Wall Street analysts have issued reports on $PSN in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
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Multiple analysts have issued price targets for $PSN recently. We have seen 9 analysts offer price targets for $PSN in the last 6 months, with a median target of $80.0.
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- Brian Gesuale from Raymond James set a target price of $90.0 on 07/08/2025
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- Ronald Epstein from B of A Securities set a target price of $95.0 on 06/03/2025
- Tobey Sommer from Truist Securities set a target price of $80.0 on 05/01/2025
- Andrew Wittmann from Baird set a target price of $69.0 on 05/01/2025
Full Release
CHANTILLY, Va., July 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) is proud to announce that its role as lead designer for the I-270 North Design-Build Project has been honored with the prestigious Engineering Excellence Award by the American Council of Engineering Companies (ACEC) of Missouri. In addition to this top state honor, the project also received national recognition through the 2025 ACEC Engineering Excellence Awards, underscoring its significance as one of the country's most innovative and impactful infrastructure projects.
The I-270 North Design-Build Project, with a total construction value of $252 million, represents the largest undertaking by the Missouri Department of Transportation (MoDOT) in recent years. Spanning nine miles, the project involved rehabilitating and widening I-270 and reconstructing ten interchanges. Innovative design solutions, such as one-way roadways and modern roundabouts, were implemented to reduce congestion and improve safety throughout the corridor.
“This project is a testament to our commitment to improving transportation infrastructure that enhances safety, mobility, and economic growth,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “Through innovation and collaboration, we delivered a modernized interstate system that will help meet the needs of freight and passenger traffic for years to come.”
The project eliminated unsignalized, at-grade crossovers and constructed 18 new bridges, significantly improving regional traffic flow and safety. It also delivered maximum value within a fixed-price design-build contract, benefiting motorists and boosting economic access across one of Missouri’s most heavily traveled corridors.
Parsons' work on the I-270 North project exemplifies its nationwide leadership in delivering complex infrastructure solutions that improve mobility, drive economic development, and create lasting community value.
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.
To learn more about Parsons’ road and highway expertise, visit www.Parsons.com/road-highway/ .
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
Media Contact:
Lexus K. White
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