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Parsons Corp. lands $12.6B IT defense contract
Centreville-based defense contractor Parsons Corp. announced Tuesday that it has landed a 10-year information technology contract from the Defense Intelligence Agency worth a potential $12.6 billion. Under the Solutions for Information Technology Enterprise III (SITE III) contract. Parsons will deliver strategic, technical and program management guidance and support services to facilitate the oper[...]
Parsons wins $600M USPS contract
Centreville-based Parsons Corp. has secured a potential seven-year, $600 million contract for nationwide program management services for the U.S. Postal Service. The contract is Parsons’ third consecutive award from USPS and extends a 17-year business relationship between the two entities. Previously, Parsons helped the agency install self-service kiosks, renovate parking structures and mana[...]
Parsons Corp. appoints COO, president to board
Centreville-based defense contractor Parsons Corp. announced Monday it has appointed Carey Smith, its president and chief operating officer, to the company’s board of directors. Smith oversees Parsons’ global operations and corporate growth strategy. “Carey has been central to our growth and success since joining Parsons,” Parsons Chairman and CEO Chuck Harrington said in a stateme[...]
Professional Services Council reelects Leidos CEO as board chair
The Professional Services Council (PSC) Board of Directors announced Thursday it has reelected Roger Krone, chairman and CEO of Reston-based Fortune 500 government contractor Leidos Holdings Inc., as chair for 2021. The PSC Board of Directors consists of 80 executives from member companies who are elected by their peers. Its leadership includes Krone, along with […]
Parsons Corp. completes acqusition of Colo.-based aerospace firm for $300M
Centreville-based defense contractor Parsons Corp. announced late last week that it has completed its acquisition of Colorado Springs, Colorado-based Braxton Science & Technology Group LLC (BSTG) and its subsidiaries for $300 million. The acquisition was first announced in late October — marking Parsons’ fourth acquisition since October 2018. BSTG provides services for satellite ope[...]
Parsons Corp. lands $45M contract from San Francisco transit system
Centreville-based Parsons Corp. announced Thursday that the Bay Area Rapid Transit District (BART) public transit system in San Francisco has awarded the company a $45 million contract to support the implementation of the largest communications-based train control system in North America. The CBTC system will improve passenger carrying capacity and provide repair for a safer, […]
Parsons Corp. to raise $350M through debt offering
Centreville-based technology contractor Parsons Corp. announced Monday plans to raise $350 million through a debt offering. Proceeds from the debt offering would be used toward general corporate purposes, including acquisitions and working capital, according to Parsons. The initial conversion rate for the notes is 22.2913 shares of the company’s common stock per $1,000 principal amount [&hel[...]
