October 22, 2014 11:50 PM ET

Construction and Engineering

Company Overview of Parsons Corporation

Company Overview

Parsons Corporation provides engineering, construction, technical, and management support services. The company offers asset management, construction, design, condition assessment, disaster response, planning, and program/construction management services, as well as commissioning, qualification, and validation services. It also provides security services, which include rail and transit, intelligence and homeland defense and protection, national intelligence, preparedness and response, and nuclear detection systems; facility operations and management, logistics and transportation support, and telecommunications operations services; and information technology services, such as business process...

100 West Walnut Street

Pasadena, CA 91124

United States

Founded in 1944

Phone:

626-440-2000

Fax:

626-440-2630

Key Executives for Parsons Corporation

Chairman and Chief Executive Officer
Age: 55
Group President
Chief Financial Officer
President of Parsons Australasia
President of Middle East & North America+ Business Unit
Compensation as of Fiscal Year 2014.

Parsons Corporation Key Developments

Parsons Corporation Wins Consultancy Services Contract from TECOM for D3

Parsons Corporation won a consultancy services contract from TECOM Investments. The company's scope of work includes infrastructure, road and bridge design, and construction supervision. The D3 project is located adjacent to the Dubai Business Bay area and has an overall site area of approximately 22 million ft² (200 ha). Dubai Holding's vision is for the design district to be the destination of choice for international, regional, and local fashion, design, and luxury goods companies. D3 has 10 buildings under construction and is expected to become a community that will encompass commercial and retail facilities, a waterfront promenade, event venues, academic institutions, distinct public spaces, unique street furniture, and shaded walkways.

Parsons Appoints Goran Sparrman as Area Manager for Seattle

Parsons announced the appointment of Goran Sparrman as the Area Manager for Seattle. In this role, he will guide business development, political advocacy, staffing, and operations for the Seattle area. Mr. Sparrman comes to Parsons from the Seattle Department of Transportation (SDOT) where he served as Interim Director as well as Deputy Director. His most recent area of responsibility involved managing 700 employees across eight divisions and an annual budget of $400 million.

Parsons Corporation Wins Contract from NAVFAC to Provide BOS Services in Marianas

Parsons Corporation won a contract from Naval Facilities Engineering Command, or NAVFAC, Pacific to provide base operations support, or BOS, to the US Navy and Air Force in Guam and throughout the Marianas. Located in the Pacific approximately 3,300 miles west of Hawaii, US military installations in the Marianas play a key role in supporting US strategy in the Asia Pacific region. Under an 8-year contract, Parsons' LLC will deliver a broad range of services to Naval Base Guam, Andersen Air Force Base, and multiple satellite locations. Services include port operations, material management, ordnance management, galley services, transportation services, facilities management, operation of water and wastewater plants and all utility distribution systems, engineering, environmental, and facilities sustainment, restoration, and modernization.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
April 18, 2014
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