Parsons

Rank#3241

Market Cap4.84B

CountryUnited States

Summary

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to the U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligence, threat analytics, space situational awareness, small satellite launch and integration, satellite ground systems, fight dynamics, and command, and control solutions to the National Geospatial-Intelligence Agency, National Reconnaissance Office, and multiple units within the U.S. Department of Defense. It also provides missile defense and C5ISR solutions, such as integrated air and missile defense, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems to Defense Intelligence Agency and the U.S. Department of Defense; technology services for energy production systems, aviation, healthcare and bio-surveillance systems, and environmental systems and associated infrastructure, as well as nuclear waste processing and treatment, weapons of mass destruction elimination, program and project management, infectious disease control analytics, and data protection solutions. In addition, the company offers intelligent transportation system management, aviation, rail and transit systems, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for infrastructure; and program management, and environmental solutions to private-sector industrial clients and public utilities. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.

History

Parsons was founded by Ralph M. Parsons in 1944. The company delivered electronics, instrumentation, ground checkout systems design, and engineering for aircraft, missiles and rockets during the Cold War. In 1974, Parsons opened the first part of its headquarters in Pasadena.In 2004, a $29.5 million contract was given to both Parsons and Gilbert Southern/Massman Construction to redo a portion of the Escambia Bay Bridge near Pensacola, FL after Hurricane Ivan made landfall and knocked off 58 spans of the original bridge and misaligned 66 other spans. Traffic destined for the bridge was rerouted onto US 90 for 2 months while construction was taking place, which caused severe traffic jams. The westbound bridge opened to traffic on October 4, six days ahead of schedule, while the eastbound lanes opened to traffic on November 20, 66 days after Ivan made landfall and 27 days ahead of schedule. Both contractors received $1.5 million in bonuses for the early completion.

In 2006, Parsons acquired the Houston-based design and construction company 3D/International.In late February 2019, Parsons announced the move of its headquarters from Pasadena, California to Centreville, Virginia.On May 8, 2019, Parsons executed an Initial Public Offering of approximately $500 million on the New York Stock Exchange under the symbol PSN.In December 2019, it was announced that Parsons and Leidos Holdings Inc. had earned spots on a $4 billion contract to support the cleanup of a former nuclear weapons site in southern Washington state.

Mission

Parsons is a worldwide consulting leader in cyber technology, national defense, major urban infrastructure projects as well as environmental protection and infrastructure restoration. Our strategy is to partner with our employees empowering them to consult with clients and government agencies until the project exceeds expectation. We come alongside mission critical projects and support with expert knowledge and deep experience. Over 11,500 employees work with Parsons across the US and over 25 countries. Where will your next career step take you?

Vision

We will create and inspire enduring solutions around the world through: People–Our diverse teams are problem-solvers and collaborate with our customers to solve their most difficult challenges. We attract and develop top talent, go anywhere in the world, meet every challenge, and persevere until the job is done. Process–Our world-class processes are always evolving, enabling us to be more effective and advanced in solving our customers’ complex needs. Technology–Our technical solutions empower us to quickly bring bold ideas to market. We will continue to leverage new technology and innovate for the future. Parsons will solve the world’s most complex challenges and deliver a better world.

References

https://en.wikipedia.org/wiki/Parsons_Corporation

https://in.investing.com/equities/parsons-corp

https://finance.yahoo.com/quote/PSN/profile?p=PSN

https://www.comparably.com/companies/parsons-corporation/mission

https://www.crunchbase.com/organization/parsons-corporation

https://sec.report/CIK/0000275880

https://companiesmarketcap.com/

https://www.parsons.com

Leadership team

Ms. Carey A. Smith (Pres, CEO & Chairwoman)

Mr. Michael R. Kolloway (Chief Legal Officer & Sec.)