Parsons Corporation
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| Private () | |
| Industry | Engineering and Construction |
| Founded | California, United States (1944 as Ralph M. Parsons Company) |
| Headquarters | 100 West Walnut Street, Pasadena, CA |
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Key people
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Ralph M. Parsons, Founder Charles L. Harrington, CEO Thomas L. Roell, Group Executive, Operations/Risk James R. Shappell, Group Executive, Development/Strategy George L. Ball, CFO Rich McFarland, Government Relations Erin M. Kuhlman, Corporate Relations |
| Revenue | US$ 3.2 billion (2016) |
| Website | www.Parsons.com |
Parsons Corporation (Parsons) is a technology-driven engineering services firm headquartered in Pasadena, California, with more than 70 years of experience in the engineering, construction, technical, and professional services industries. Founded in 1944 by engineer Ralph M. Parsons, Parsons Corporation is currently one of the largest such companies in the United States. It is 100% owned by its Employee Stock Ownership Trust.
Now in its 73rd year of operations, Parsons was founded by Ralph M. Parsons, a man who loved engineering and solving challenging problems. The story of this man—and the growth of the corporation he founded—offers insight into American entrepreneurship during post-World War II and a company’s evolution over more than seven decades as it meets the challenges of ever-changing business climates and fluctuating service markets.
Parsons’ legacy is seen in the design, engineering, and construction of some of the world’s most complex infrastructure and industrial facilities. One of Parsons’ many legacy projects was on the Alaska North Slope. Atlantic Richfield (BP) and Exxon (ExxonMobil) hired Parsons to perform an engineering study to determine if there was a way to overcome the incredible technical and logistical engineering challenges in Arctic oil production. Parsons’ innovative work transformed the oil industry. Another significant project was the new industrial city of Yanbu, Saudi Arabia, situated on the Red Sea. The Royal Commission of Saudi Arabia selected Parsons to transform this historic harbor into a thriving, modern port complex through its master plan, design, and construction management services. This self-contained industrial city of more than 100,000 people produces oil, gas, and petrochemical products used worldwide.
Ralph M. Parsons left behind one of America’s largest engineering corporations, known then as the Ralph M. Parsons Company—and he contributed to other endeavors that live on to this day. In 1961, he founded the Ralph M. Parsons Foundation as the charitable giving arm of the company; when he died, he left the foundation 600,000 shares of the company and $4 million in cash. The foundation soon became entirely independent from the company and to this day has no financial interest in it, sharing only the name of their founder.
Parsons is a leader in many diversified markets with a focus on infrastructure, , defense, security, and construction. Parsons delivers design/design-build, program/construction management, systems design/engineering, cyber/converged security, and other professional services packaged in innovative alternative delivery methods to federal, regional, and local government agencies, as well as to private industrial customers worldwide. Parsons’ market strength comes from applying best practices to generate state-of-the-art solutions.
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Wikipedia