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Parsons Corporation (Parsons) is an American technology-focused defense, intelligence, security, and infrastructure engineering firm headquartered in Centreville, Virginia. The company was founded in 1944 by engineer Ralph Monroe Parsons.
|Traded as||NYSE: PSN|
|Industry||Security, Defense, Intelligence, Technology, and Critical Infrastructure|
|Founded||California, United States (1944 as Ralph M. Parsons Company)|
5875 Trinity Pkwy #300, Centreville, Virginia
|Charles L. Harrington CEO|
Carey Smith, COO
George L. Ball, CFO
|Revenue||US$ 3.6 billion (2018)|
Parsons has more than 16,000 employees across 24 countries.
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 Pasadena headquarters in Pasadena.
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.
Notable Parsons projects include:
Iraqi health care centersEdit
Parsons was awarded a contract for a $243 million project to build 150 health care centers in Iraq in March 2004. By March 2006, $186 million had been spent, with six centers complete and accepted by the U.S. Army Corps of Engineers (USACE), 135 centers only partly complete, and one reassigned to another contractor. USACE progressively terminated the contract from September 2005 to March 2006, eventually requiring Parsons to complete a total of 20 centers with the others to be completed by other contractors. The estimated cost for the completion of the other 121 centers was $36 million.
Parsons and USACE disputed the degree to which the final 20 centers were completed. A report by the Special Inspector General for Iraq Reconstruction cited problems, including "high turnover among government personnel... directions... given without agreement from the contractor... program managers' responsiveness to contractor communications, cost and time reporting, administration and quality assurance".
CBOSS Positive train control systemEdit
Parsons was contracted in 2011 to implement a custom positive train control system for Caltrain, to be completed before the December 2015 federal PTC deadline mandated by the Rail Safety Improvement Act of 2008. The project, called the Communications Based Overlay Signal System (CBOSS), failed to meet its 2015 delivery date and Caltrain terminated the contract as a result of "non-performance in 2017 after many months of delay and repeated failure by the contractor to correct performance issues." After the cancellation of the Parsons contract, Caltrain approved a new contract for an off-the-shelf PTC system from Wabtec Corporation.
- http://www.parsons.com/about-parsons/Pages/financial-highlights.aspx Parsons Financial Highlights
- "FAQ". Parsons. Retrieved Mar 2, 2019.
- Brown, Heidi. "Rebuilding". Forbes. Retrieved 2018-08-17.
- Thumbs up for performance. // Aviation Week & Space Technology, October 14, 1957, v. 67, no. 15, p. 84.
- Scheid, Ann; Lund, Ann Scheid. "Historic Pasadena, an Illustrated History". HPN Books. Retrieved 10 August 2019.
- Peltz, James (28 Feb 2019). "Parsons Corp. is moving its headquarters from Pasadena to Washington, D.C., area". Los Angeles Times. Retrieved 10 August 2019.
- Rubin, Debra (9 May 2019). "In May 8 Stock Offering, Parsons Corp. Nets $500M". Engineering News-Record. Retrieved 10 August 2019.
- Cordell, Carten (6 December 2019). "Leidos, Parsons win spot on $4B nuclear material cleanup contract". Washington Business Journal. Retrieved 20 December 2019.
- "Ralph M. Parsons Foundation Awards $1 Million Grant to Caltech for New Research Laboratory | Caltech". The California Institute of Technology. Retrieved 2018-06-26.
- Howard, William E. Billions for ICBM Launching Facilities // Missiles and Rockets, May 11, 1959, v. 5, no. 19, p.13-14.
- Packard Reminds Industry of Its Duty — Defense. // Missiles and Rockets, September 5, 1960, v. 7, no. 10, p. 17.
- Hubler, David (19 October 2011). "Parsons makes $350M deal to pull services unit out of Cobham". Washington Technology. Retrieved 10 August 2019.
- Hoover, Mark (21 April 2014). "Parsons deepens cybersecurity capability through latest acquisition". Washington Technology. Retrieved 11 August 2019.
- Erwin, Sandra (21 May 2018). "Parsons acquires Polaris Alpha, seeks bigger footprint in defense, space, intelligence". Space News. Space News. Retrieved 10 August 2019.
- Wilkers, Ross (8 January 2019). "Parsons makes another intell-focused deal". Washington Technology. Public Sector 360. Retrieved 10 August 2019.
- Censer, Majorie (22 July 2019). "Parsons to acquire QRC". Inside Defense. Retrieved 11 August 2019.
- Stuart W. Bowen, Jr. (February 15, 2007), STATEMENT OF STUART W. BOWEN, JR. SPECIAL INSPECTOR GENERAL FOR IRAQ RECONSTRUCTION BEFORE THE UNITED STATES HOUSE OVERSIGHT AND GOVERNMENT REFORM COMMITTEE U.S. CONTRACTING IN IRAQ (PDF), House Government Reform Committee, archived from the original (PDF) on August 29, 2008
- "Report details problems with contract for Iraq health centers". Government Executive. Retrieved Mar 2, 2019.
- Kyra Senese, Caltain to sign Wabtec PTC contract, Railway Age
- Caltrain PTC Program Status & Wabtec Contract Award, Caltrain
- Caltrain Receives $18.7 Million Grant for Positive Train Control Project, Caltrain