About Parsons Corporation
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. 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 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 (exit 17 on I-10) for 2 months while construction was taking place, which caused severe traffic jams. The westbound bridge opened to traffic on October 4, 6 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 late February 2019, Parsons announced the move of its headquarters from Pasadena, California to Centreville, Virginia.
On 8 May 2019, Parsons executed an Initial Public Offering of approximately $500M 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.
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