In December 2020, Carey Smith was appointed to Parsons board of directors, based upon her reputation for business performance, operational leadership, customer and mission focus and experience on other boards.
Following Parsons’ initial public offering in May 2019, the company continued its performance with strong book-to-bill ratios, margin expansion and excellent cash flow. In October 2020, Parsons progressed its smart acquisition strategy by acquiring Braxton Science & Technology Group — a national security space mission provider.
The company achieved key performance milestones in 2020, including: transitioning the Energy Department’s Salt Waste Processing Facility into operations; completing the final deployment of New Jersey Transit’s Positive Train Control system; and executing the second successful small satellite manifested launch for the U.S. Space Force.
In addition, Parsons continued its winning streak with a $307 million classified enterprise information security contract; a $1.7 billion dollar Canadian contract as part of a 50-50 joint venture to design and build the Edmonton Valley Line West light rail transit extension; a $51 million directed energy contract; and over $200 million in Other Transaction Agreement contract awards such as a non-lethal maritime operations system.
Smith’s priority for Parsons in 2021 are people, technology and mission.
“Having diverse, inclusive talent that think different is important for the success of our business,” she said. “It is the people who develop advanced technology solutions, which in turn perform our customers’ critical missions.”
Organic growth will continue to be driven by creative engineering and advanced technology solutions. Parsons’ flexible balance sheet and strong cash flow enables the company’s acquisition momentum and research and development investment.
Outside of Parsons, Smith serves on various boards, including at Edison International, the Professional Services Council, United States Geospatial Intelligence Foundation and the Intelligence and National Security Alliance, Inc.