Parsons Corporation

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Parsons Corporation
Private
Industry Security, Defense, Technology and Infrastructure
Founded California, United States (1944 as Ralph M. Parsons Company)
Headquarters 100 West Walnut Street, Pasadena, California
Key people
Ralph M. Parsons, Founder
Charles L. Harrington, CEO
Brent Harvey, Group Executive, Risk
Adam W. Taylor, Group Executive, Transformation and Operations
George L. Ball, CFO
Rich McFarland, Government Relations
Revenue US$ 3.0 billion (2017)[1]
Website www.parsons.com/ Edit this on Wikidata

Parsons Corporation (Parsons) is a technology-focused defense, security, and infrastructure firm headquartered in Pasadena, California, founded in 1944 by engineer Ralph M. Parsons.[2][3]

Parsons provides cyber/converged security, technology-based intellectual property, and other innovative services to federal, regional, and local government agencies, as well as to private industrial customers. It has more than 16,000 employees across 24 countries and spanning four continents.

History[edit]

Parsons headquarters in Pasadena, California

Parsons was founded by Ralph M. Parsons.[4] During the Cold War, Parsons provided process engineering, facility design, construction services and operated various jet propulsion facilities—nuclear, chemical, and heavy fuels. It also delivered electronics, instrumentation, and ground checkout systems design and engineering for aircraft, missiles and rockets.[5]

With Parsons' recent acquisitions of technology firms, the company has been expanding into technology-focused fields, including smart infrastructure, cybersecurity, energy, and health research.

Founder's legacy[edit]

In 1961, Parsons founded the Ralph M. Parsons Foundation. The foundation became entirely independent from the company in 1974.[6][citation needed]

Markets[edit]

Parsons focuses on the defense, security, and infrastructure markets.[7] The firm serves federal, regional, and local government agencies as well as private industrial customers.[8]

Signature Projects[edit]

Notable Parsons projects include:[9]

Controversial projects[edit]

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.[13]

Parsons and USACE disputed the degree to which the final 20 centers were completed.[14] 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".[14]

References[edit]

  1. ^ http://www.parsons.com/about-parsons/Pages/financial-highlights.aspx Parsons Financial Highlights
  2. ^ https://www.parsons.com/about/faq/
  3. ^ Brown, Heidi. "Rebuilding". Forbes. Retrieved 2018-08-17.
  4. ^ Brown, Heidi. "Rebuilding". Forbes. Retrieved 2018-08-17.
  5. ^ Thumbs up for performance. // Aviation Week & Space Technology, October 14, 1957, v. 67, no. 15, p. 84.
  6. ^ "Ralph M. Parsons Foundation Awards $1 Million Grant to Caltech for New Research Laboratory | Caltech". The California Institute of Technology. Retrieved 2018-06-26.
  7. ^ https://www.parsons.com/markets/
  8. ^ https://www.parsons.com/about/faq/
  9. ^ "Projects". www.parsons.com. Retrieved 2016-09-30.
  10. ^ Howard, William E. Billions for ICBM Launching Facilities // Missiles and Rockets, May 11, 1959, v. 5, no. 19, p.13-14.
  11. ^ Packard Reminds Industry of Its Duty — Defense. // Missiles and Rockets, September 5, 1960, v. 7, no. 10, p. 17.
  12. ^ Ohio River Bridges, Parsons Inc., retrieved Dec 19, 2016
  13. ^ 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
  14. ^ a b http://www.govexec.com/dailyfed/0506/050106m1.htm

Further reading[edit]

External links[edit]