Parsons

Parsons Corporation is an American multinational technology-driven engineering services company headquartered in Chantilly, Virginia, United States. Founded in 1944 by Ralph M. Parsons, it provides integrated solutions for defense, intelligence, and critical infrastructure markets. The company's primary segments lude Federal Solutions (defense, intelligence, and space systems) and Critical Infrastructure (transportation, environmental, and water projects). Parsons operates in over 30 countries across North America, Europe, the Middle East, and Asia-Pacific, serving government and commercial clients through a network of 20,000 professionals. Its global operations involve extensive third-party subcontractors for engineering software, cybersecurity tools, and construction materials, necessitating rigorous vendor risk management under frameworks like NIST 800-53 and FedRAMP for data security, ITAR for export controls, and ISO 27001 for information management. The firm invests in AI for project analytics and sustainable practices like green infrastructure. In fiscal year 2024, ending December 31, Parsons reported record revenues of $6.75 billion, a 24% rease from 2023, driven by 14% organic growth in critical infrastructure and acquisitions like BCC Engineering.