Parsons Corporation, together with its subsidiaries, provides design, engineering and technical services, and smart and agile software to the United States federal government and critical infrastructure customers worldwide. The company performs work in various foreign countries through local subsidiaries, joint ventures, and foreign offices maintained to carry out specific projects.
The company is a leading provider of the solutions and services required to support the complex security environm...
Parsons Corporation, together with its subsidiaries, provides design, engineering and technical services, and smart and agile software to the United States federal government and critical infrastructure customers worldwide. The company performs work in various foreign countries through local subsidiaries, joint ventures, and foreign offices maintained to carry out specific projects.
The company is a leading provider of the solutions and services required to support the complex security environment, unprecedented global infrastructure demand and a world of digital transformation effecting its customers. The company has developed significant expertise and differentiated capabilities in key end markets, including cyber and intelligence, space and missile defense, critical infrastructure protection, transportation, environmental remediation and urban development. Whether a first-of-a-kind sustainable, industrial city that runs on 100% renewable energy, security-as-a-service platform that uses advanced analytics and artificial intelligence/machine learning to defend against critical infrastructure cyber threats (transportation, utility, water, facility, and healthcare), or elimination of emerging contaminants from the environment, the company delivers integrated solutions that its customers need and the world demands. Across those programs, the company has developed longstanding relationships with a diverse global customer set that includes U.S. federal government departments and agencies, the U.S. military, state and local governments, and international clients.
Segments
The company operates in two segments, Federal Solutions and Critical Infrastructure.
Federal Solutions
The Federal Solutions segment is an advanced technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects. It provides critical technologies, including cyber; missile defense; intelligence; electronic warfare; space ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics; and biosurveillance. The U.S. government and its agencies represent substantially all of the revenue of its Federal Solutions segment. These U.S. government agencies include the Intelligence Community, the Departments of Defense, Energy, Labor, State, Homeland Security, and Commerce, the United States Postal Service, the National Aeronautics and Space Administration, and the Federal Aviation Administration.
Critical Infrastructure
The Critical Infrastructure segment provides program management, design and engineering services, and owners representative support for complex physical and digital infrastructure around the globe. It develops digital solutions focused on next generation aviation; rail and transit; bridges, roads and highways; and leverage sensors and data to drive smart sustainable infrastructure. The company’s capabilities in environmental remediation, water and wastewater treatment systems, and urban development allow it to deliver value to its customers by employing advanced technologies, improving timelines and decreasing costs while reducing environmental impacts and improving the quality of life. The company designs and leads the delivery of complex infrastructure projects, leveraging its expertise as a leader in bridges, transportation, and urban development to support customers in programs that are transforming the global landscape. It serves a wide-ranging global customer base, including federal, state, municipal, and industry customers, and private sector infrastructure owners, such as the transportation authorities for the cities of Los Angeles, San Francisco, New York, and Paris, the state of New Jersey, Amtrak, CSX, Metrolinx (Ontario, Canada), Southern Nevada Water Authority, the Royal Commission for Riyadh City, Dubai Roads and Transportation Authority, Abu Dhabi Department of Municipalities and Transport, Qatar Public Works Authority, Saudi Arabia’s Public Investment Fund, and international developers.
The company’s customers are seeking smart technology-enabled solutions leveraging artificial intelligence to enhance and transform their systems performance and to address these challenges. The company has capabilities in the following four areas that span its two segments and four business units:
Systems Integration: The company provides engineering services and technology for large digital and physical systems with high technical complexity. It leads projects from concept development through research and design, implementation, testing and verification, ensuring interoperability of these complex, and disparate systems.
Program Management: The company provides expertise and technology to advance its customers’ execution of large, complex projects within their defined, technical, quality, time, and cost parameters.
Design Engineering: The company provides advanced systems and infrastructure engineering design associated with utility capital projects, water/wastewater treatment, environmental remediation, ammunition plant upgrades, roads and highways, bridges, rail and transit systems, and other associated infrastructure. Additionally, it is leveraging digital engineering technology, including model-based systems engineering and digital twins.
Product Development: The company develops software and hardware across many domains and mission-specific applications. Its experienced engineers and developers design, develop, integrate, operate, and sustain mission-critical software and hardware products for intelligence, defense, and infrastructure customers.
The company’s customer relationships, which are based on a long history of successfully delivering complex technical solutions and services, are key to its success. The company involves in the early stages of its customers’ planning processes, which allows it to efficiently optimize its delivery model. These relationships, along with the company’s technical expertise and intellectual property, enable it to successfully provide solutions that meet its customers’ demanding technical and execution requirements and fulfill its corporate purpose of developing a better world.
Services, Products and Solutions
Within each of the company’s segments, it focuses its solutions, products and services on the needs of customers in each of its business units. With a culture driven by agility, innovation and collaboration, the company provides operationally proven capabilities in emerging technical areas, including advanced analytics, artificial intelligence/machine learning, cyber, electronic warfare, environmental remediation, and space systems. It performs systems integration, product development, program management, and engineering across its segments and business units.
Federal Solutions
The company’s Federal Solutions business provides integrated solutions, software and hardware products, and engineering design services. Federal Solutions consists of two business units: Defense & Intelligence (D&I) and Engineered Systems (ES). Its strategy is to deliver information dominance across all domains.
D&I—The company’s D&I business unit is organized into three related areas: defense, space, and engineering services; cyber and national operations; and high consequence missions. Its customers include the U.S. Department of Defense, the U.S. Intelligence Community, the Department of Commerce, and the National Aeronautics and Space Administration. D&I is a mission partner for differentiated technical solutions, products, and services, delivering innovations in cyber, space, missile defense, multi-domain command and control, intelligence, surveillance and reconnaissance, electromagnetic spectrum dominance, and directed energy. The company’s solutions are used to meet national security challenges from space to the tactical edge around the globe. In 2024, the company expanded its footprint across the important INDOPACOM region.
Defense Space and Engineering Services – The company provides software, hardware, and technical expertise to clients across a variety of mission areas, including but not limited to, space, missile systems, and warfighter applications. Its customers span the U.S. Intelligence Community, including the (Defense Intelligence Agency (DIA), National Geospatial-Intelligence Agency (NGA), National Reconnaissance Office (NRO)); U.S. Department of Defense (DOD) (military services, Special Operations Command (SOCOM), Missile Defense Agency (MDA), United States Cyber Command (CYBERCOM); National Oceanic and Atmospheric Administration (NOAA), and National Aeronautics and Space Administration (NASA).
The company provides satellite ground systems support and operations, flight dynamics, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems.
As an example, the company’s ground systems enable efficient and effective access to space for small satellites on the Polar Operational Environmental Satellite (POES) and other commercial, national security and small class launch systems. Importantly, the company offers this innovative ground spacecraft operations center on a commercial as-a-service business model.
Representative products include the company’s Command-and-Control Core (C2Core) mission planning and tasking suite that links requests, effects and operational guidance in a unified database, and ZEUS Recovery of Airbase Denied by Ordnance (RADBO) laser neutralization system offering critical force protection in any operational theater.
The company is the prime Technical, Engineering, Advisory and Management Support (TEAMS) Next contractor for the MDA, where it provides engineering, analysis, and management support for the development of integrated and layered missile defense systems that defend U.S. and allied forces against ballistic, hypersonic, and cruise missile threats, and advance the agency’s integrated air and missile defense, command and control, and battle management and communications missions across all-domain battlespace.
Cyber and National Operations – The company provides capabilities across the digital landscape, including full-spectrum cyber, defensive cyber operations, information operations, and analytics. Its customers include the U.S. intelligence community, U.S. Cyber Command, DOD research laboratories, and military cyber services. The acquisition of Black Signal expands its offensive solution offerings and its intelligence community customer base.
Cyber solutions and products augment and automate full spectrum cyber operations, including the company’s Automated Management Solutions (AMS), a software framework that integrates disparate cyber capabilities, tools and infrastructures into a common system architecture that assists military cyber operators. The company develops and maintains enterprise platforms used by the DOD to perform network analysis and vulnerability assessments for defensive missions.
The company conducts vulnerability research and resiliency solutions for existing weapon systems, critical infrastructure and space systems, while supporting the development and integration of next generation electronic warfare capabilities. It also develops analysis and anomaly detection tools for radio frequency and airborne communications.
The company develops tools and tradecraft to conduct Information Operations across the physical and cyber domains, giving customers complete situational awareness for force protection and decision making with the information environment.
High-Consequence Missions – The company provides capabilities across the digital landscape, electronic warfare, multi-domain operations, mission support and national to tactical operations. Its customers include the U.S. Intelligence Community, U.S. Cyber Command, and DOD research laboratories.
The company’s tools and products are used across a wide variety of electronic warfare operations, including commercial cellular survey, automated signal identification and characterization using Artificial Intelligence/Machine Learning (AI/ML), signal modeling and simulation used for radio frequency (RF) ranges and test and evaluation centers using its Threat Representative Environment (TReX) platform, and integrated RF and cyber solutions to deliver effects from long standoff distances.
The company conducts vulnerability research and provide resiliency solutions for existing weapon systems, critical infrastructure, and space systems, while supporting the development and integration of next generation electronic warfare capabilities. It also develops analysis and anomaly detection tools for radio frequency and airborne communications.
ES—the company’s ES business unit focuses on advanced technology services for complex energy and chemical systems, aviation, life sciences and bio-surveillance systems, environmental remediation, security and protection systems, and associated complex infrastructure. Representative customers include the Department of State (DOS), Department of Energy (DOE), Defense Threat Reduction Agency (DTRA), Department of Homeland Security (DHS), U.S. Army Corps of Engineers (USACE), Federal Aviation Administration (FAA), National Aeronautics and Space Administration (NASA), United States Postal Service (USPS), Department of Labor (DOL), and Jet Propulsion Laboratory (JPL). Representative offerings include weapons of mass destruction elimination, munitions destruction; remediation of unexploded ordinances and hazardous, toxic, reactive wastes; architectural and engineering design; program and construction management; infectious disease control; advanced electronic security systems; border security; counter-unmanned aircraft systems; and biometrics solutions.
The company’s expertise includes designing and upgrading processing and production facilities, such as Army ammunition, technology deployment in response to pandemic outbreaks, and delivery of solutions addressing resiliency, security and sustainability, as well as delivery of highly complex infrastructure in challenging environments and geographies.
Representative programs include the National Science Foundation’s Antarctica Infrastructure Modernization for Science, the FAA Technical Services Contract, the DTRA Cooperative Threat Reduction Integrating Contract, the Department of State Overseas Security Installation Services, and the Radford Army Munition Plant Energetic Waste Incinerator.
Critical Infrastructure
The company’s Critical Infrastructure business provides planning, engineering, program management, owners representative and digital solutions consisting of two business units focused on two major geographies: North America (INF-NA) and Europe, Middle East, and Africa (EMEA). Its growth strategy includes leveraging its portfolio of sophisticated engineering solutions and technologies for complex physical infrastructure projects to capture the increasing demand and investment in global infrastructure programs. The company is expanding its portfolio in key emerging growth areas, including intelligent transportation systems, smart mobility, environmental remediation, events management, urban development and rebuild, and water/wastewater treatment.
INF – NA – The company’s INF – NA business unit provides planning, engineering and management services for complex infrastructure, including bridges and tunnels, roads and highways, and water and wastewater. Its customer relationships include states (e.g., Texas, Florida, California, Colorado, Washington, Illinois, New York, New Jersey, and Georgia), cities, and Canadian provinces and territories (e.g., Ontario, British Columbia, Quebec, Nova Scotia, and Alberta), as well as transportation, water and wastewater authorities. Its capabilities include technologies in long-span bridges, tunnels, building Information modeling, and water/wastewater treatment, and conveyance.
Examples of the company’s design capabilities are its role as the lead designer of the Tacoma Narrows Bridge, the largest twin tower suspension bridge in the world when it opened, lead designer for the new Goethals Bridge connecting Staten Island, NY and Elizabeth, NJ, and lead designer for the Federal Way rail extension for Sound Transit in Seattle.
For program management, the company is the Owner’s Engineer for the Gordie Howe International Bridge between Windsor, Ontario and Detroit, Michigan, which will have the longest main span of any cable-stayed bridge in North America and Gateway, the new Hudson River Tunnel. In addition, it is the program manager for the California Delta Water Conveyance Modernization Project, a multi-billion environmentally compliant water transfer project to improve water supply sustainability and reliability for human and environmental uses.
INF- NA – The company’s INF-NA business unit also includes intelligent transportation systems, utilities, environmental remediation, emerging contaminants (including PFAS/PFOS), aviation, rail and transit, and ParsonsX, its enterprise digital transformation organization. The company’s customers include state and local governments, Fortune 100 companies, utility companies, smart city developers, and private sector infrastructure owners, such as the transportation authorities for the cities of Los Angeles and New York, states and provinces, and rail and transit entities, including Amtrak, CSX, Metrolinx (Ontario Canada), and WMATA. Technology capabilities include AI/ML, cloud, digital twins, cyber, systems integration, intelligent transportation network software, vehicle inspection data analytics software, automated people mover, electric vehicle infrastructure, and autonomous vehicle integration.
The company provides integrated traffic solutions for arterials, smart intersections, airport landside, ports, and tolling integrators. An example is its role as provider of Advanced Traffic Management Systems, or ATMS, through its iNET platform. Since the first deployment in 2007, iNET has been delivered to twenty-five state Departments of Transportation, twenty-four cities, eight county agencies, eight toll agencies, and seven different countries.
For aviation, the company plays a critical role as program manager and lead designer for global airports. It is the program manager of the environmentally sensitive Diamond Head Extension Program at Honolulu International Airport, the Houston Airport System, and the Landside Access Modernization Program for Los Angeles International Airport; and were lead designer on the award-winning Newark Airport Terminal A replacement project known as Terminal 1.
The company’s rail and transit capabilities include systems optimization, communications-based train control, rail system design and system assurance. It has more than six decades of experience in this market and have supported over 400 rail and transit customers. Key programs include Honolulu Authority for Rapid Transit, New York MTA Systems and Facility Engineering Services, and the Bay Area Rapid Transit Communications-Based Train Control. For its bus transit customers, the company provides strategic fleet transition planning, zero-emission bus infrastructure design, and benefit-cost analysis to achieve net zero goals.
EMEA – The company’s EMEA business unit has a region-wide customer base in Europe, the Middle East and Africa, with a key focus on the Gulf Cooperation Council (GCC) states. Services provided include multi-disciplinary design, technical, and management solutions from project conceptualization to urban planning, landscape architecture, sewage treatment and drainage, events management, engineering and program management, utilizing state-of-the-art digital solutions and embedded sustainability concepts for enhanced delivery of large-scale and highly complex infrastructure assets. Its client base includes top tier public authorities and state-owned developers across different markets from city-scale developments to major city-wide infrastructure schemes.
The company’s extensive planning and design capabilities enable it to lead key infrastructure and development projects, including Dubai’s Integrated Traffic System design and operation to enable traffic optimization and efficiency, and transportation infrastructure projects to increase capacity and reduce congestion, Abu Dhabi’s Mid-Island Parkway connecting multiple islands for future sustainable developments, Green Riyadh landscape and infrastructure design for increased urban green space, and Denmark’s Banedanmark Rail Signaling Program to enable better centralized traffic control, energy optimization, and reduced delays.
The company has a long-standing program management legacy in the Middle East for infrastructure, mega cities, and urban development. It is part of the consortium Riyadh Metro Transit Consultants responsible for program management of the Riyadh Metro – the largest metro system under development in the world which successfully opened in 2024.the company, managed successful delivery of the award-winning Abu Dhabi International Airport tripling the size of the previous terminals, led the Dubai Strategic Sewage Network program to increase capacity and sustainability, managed Lusail City Development the largest ever city development in Qatar, and provided program management of Riyadh’s King Abdullah Financial District prime business, hospitality and lifestyle destination.
The company is members of various collaborative delivery models, including Delivery Partner on the Qiddiya destination city development near Riyadh and a team member on NEOM The Line sustainable city in Saudi Arabia
The company is considered a go-to service provider for successful and timely delivery of world events with fixed opening dates, including UAE’s World Expo 2020 for which it provided site-wide infrastructure, landscape design, and construction supervision services; and for FIFA World Cup 2022, where services from transportation management planning to vehicle access strategies and design were provided to manage traffic and build resilient infrastructure for the mega sporting event.
The team maintains a keen focus on innovative practices. As an example, the company is integrating cutting-edge AI-driven design and construction supervision technologies across over 50 major GCC projects, enhancing efficiency and capabilities and driving much needed innovation in the construction industry.
The company’s Smart Solutions Lab provides digital solutions to its clients as an important and integral aspect of its technical offerings. Within the company’s Advisory Services group, it is providing clients with relevant asset information across the full range of asset types to enable data driven management decisions and maximize ROI. It helps clients optimize their lifecycle costs with a focus on O&M, including the provision of O&M planning and inspections on various roads, including Dubai’s Shindagha Bridge, modeling the O&M outlook for Dubai Municipality on its major Strategic Sewage Tunnel Program, managing O&M strategy and implementation for urban development and infrastructure in Abu Dhabi with attainment of multiple Green Flag awards for parks and green spaces, and setting O&M strategies for optimized asset operations for mega cities, such as Qiddiya, NEOM, as well as Yanbu and Jazan industrial cities.
Acquisitions
BCC Engineering, LLC: The company acquired BCC Engineering, LLC on November 1, 2024. BCC is a full-service engineering firm that provides planning, design, and management services for transportation, civil and structural engineering projects in Florida, Georgia, Texas, South Carolina, and Puerto Rico.
BlackSignal Technologies, LLC: The company acquired BlackSignal Technologies, LLC on August 16, 2024. BlackSignal is a next-generation provider built to counter near peer threats. BlackSignal uses artificial intelligence and machine learning to create innovative signal processing techniques that detect and disrupt difficult to access command and control systems and platforms.
Strategy for Growth
The company’s growth strategy is to create the future of national security and critical infrastructure, while moving up the value chain as a solutions integrator and software provider. The future is full of possibility, and the defense, intelligence, and critical infrastructure markets are where it can collectively shape what tomorrow will look like.
In a complex security environment with adversaries challenging on every domain and an economy driven by digital transformation, it leverages innovative technologies to deliver integrated solutions at the speed of relevance. The company’s global integrated solutions span all domains (sea, land, air, space and cyber), ensuring information dominance and smart, and sustainable infrastructure.
Competition
The company’s peer group in Federal Solutions are U.S. federal systems integrators and service providers, such as Booz Allen Hamilton, CACI International Inc, Leidos Holdings, Inc., and Science Applications International Corporation. Its peer group in Critical Infrastructure includes AECOM, Jacobs Solutions Inc., Stantec, Tetra Tech, Inc., and WSP.
Intellectual Property
The company has 40 registered patents and 19 pending patents in the United States and 5 pending patents internationally. It has 63 registered trademarks and 9 pending trademark applications in the United States, and 159 trademarks and 18 pending trademark applications internationally. The company also offers 45 products for sale to its global customers.
During the normal course of business, the company performs research and development and technology consulting services and related products for the support of its customers.
In addition, in the case of the company’s work as a subcontractor, its prime contractor may also have certain rights to data, information and products it develops under the subcontract. At the same time, the company’s government contracts often provide to it the right to utilize intellectual property owned by third parties.
Regulation
The services the company provides to the U.S. Government are subject to Federal Acquisition Regulation, or FAR, Defense Federal Acquisition Regulation, or DFARS, the Truthful Cost and Pricing Data Act, Cost Accounting Standards, or CAS, the Services Contract Act, the False Claims Act, export controls rules and U.S. Department of Defense security regulations, as well as government agency policies and many other laws and regulations.
The company is subject to the U.S. Foreign Corrupt Practices Act and similar anti-bribery laws, which generally prohibit companies and their intermediaries from making improper payments to foreign government officials for the purpose of obtaining or retaining business.
The company is subject to U.S. export control laws and regulations, including the International Traffic in Arms Regulations, or ITAR, and the Export Administration Regulations, or EAR, as well as U.S. economic and trade sanctions, including those administered and enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control, or OFAC. To the extent it exports items and provide services outside of the United States (or to certain parties in the United States), the company must do so in compliance with these laws and regulations.
History
Parsons Corporation, a Delaware corporation, was founded in 1944. The company was incorporated in 1978.
