Parsons Lands $100M Ceiling Navy Contract
Technology provider Parsons Corp. has won a potential 6-year $100 million indefinite delivery, indefinite quantity multiple award task order contract by the Naval Information Warfare Center Pacific. The contract is for supporting the identification, implementation, development and enhancement of command, control, communications, computers and intelligence and the network-centric warfare. This is a new award for Parsons
WATCH: Parsons’ Hector Cuevas Talks Defense Market Outlook and Future of Military
WashingtonExec’s Amanda Ziadeh is joined by Hector Cuevas, executive vice president and general manager of the missile defense and C5ISR market at Parsons Corp., to talk through a defense market outlook and the future of the military. Considering Parsons’ active acquisition approach, Cuevas shares the company’s future vision for its defense market, and its involvement
WATCH: Parsons’ Mark Fialkowski Talks Infrastructure Market Under New Biden Administration
WashingtonExec’s Amanda Ziadeh sits down with Mark Fialkowski, executive vice president at Parsons Corp., to discuss the trends he anticipates seeing in the infrastructure market this year under President Joe Biden’s administration. As Fialkowski leads the company’s Mobility Solutions market line, he shares how these trends differ from those of the last 4 years, and
Carey Smith Named to Parsons Board
Technology provider Parsons Corp. President and Chief Operating Officer Carey Smith has been appointed to the company’s board of directors. Smith is responsible for Parsons’ global operations and implementing the corporate growth strategy built on continuous technology innovation. “It’s been an honor working with my Parsons colleagues to deliver a better world and I am
Parsons Surpasses $450M in OTAs
Technology provider Parsons Corp. has eclipsed over $200 million in other transaction awards, or OTAs, from the Defense Department in 2020, and over $450 million since 2018. The company said its OTA acceleration is aligned to its rapid growth strategy, agile research and development approach, and innovative technology investments. As a leading defense technology company, Parsons delivers
Parsons Announces Pricing of $350M of Convertible Senior Notes Due 2025
Technology provider Parsons Corp. has announced the pricing of its private offering of $350 million aggregate principal amount of its 0.25% convertible senior notes due 2025. In connection with the offering, the company entered into convertible note hedge and warrant transactions to offset potential dilution. The offering was upsized from the previously announced offering of
Hector Cuevas to Lead Parsons’ Missile Defense, C5ISR Market
Parsons Corp. has promoted Hector Cuevas to executive vice president of missile defense and C5ISR market leader. Cuevas joined the company in January 2019 from the acquisition of OGSystems and most recently was senior vice president of product sales operations. Cuevas is a decorated combat veteran with 20 years of U.S. Army and intelligence community
Parsons, Neology to Partner on Smart Mobility Opportunities
Technology provider Parsons Corp. and public safety solutions provider Neology, Inc. have formed a strategic partnership to jointly pursue opportunities in the critical infrastructure, mobility and transportation markets. The companies have a combined 110 years of experience helping cities and people move safely, efficiently and cost effectively around the world. The partnership opens previously untapped
Parsons Hires Michael McKloskey as VP of BD for Cyber, Intel Market
Parsons Corp. has added Michael McKloskey as vice president of business development for the cyber and intelligence market. McKloskey joins from Booz Allen Hamilton, where he spent over 10 years. His most recent role was strategic business development lead of cyber. He joined the firm in 2009 following stints as an associate at the Avascent Group
Parsons Adds Retired Gen. Darren W. McDew, David Wajsgras to Board
Parsons Corp. has appointed retired Air Force Gen. Darren W. McDew and former Raytheon executive David Wajsgras to its board of directors. “We are fortunate to have such qualified, distinguished, and honorable individuals as Gen. McDew and David Wajsgras join the Parsons team,” said Chuck Harrington, Parsons chairman and CEO. “They dedicated their careers to
Carey Smith’s Path to Success: Engineering, IBM and Country Music
Carey Smith was introduced to engineering by her father, and after visiting a career fair, excelling in math and getting her start at IBM, she not only made a living supporting the defense and intelligence sectors through engineering, but rose to the executive ranks to do so. Smith is the president and chief operating officer
Parsons Develops Digital Coronavirus Detector
Technology provider Parsons Corp. has partnered with Fraunhofer USA to develop and commercialize a diamond electrode biosensor for direct and rapid detection of SARS-CoV-2, the virus that causes coronavirus. The company’s plans call for initial testing and development of the prototype this summer, in time to help mitigate concerns of a lingering pandemic or a
Top 25 Cyber Execs to Watch in 2020: Parsons’ Paul Decker
Paul Decker joined Parsons Corp. in 2018, bringing 20 years of professional experience with more than half concentrated in cyberspace operations. He’s a skilled cyber operations strategist focused on innovative leadership, vision and sound financial drivers, currently serving as executive vice president. In 2019, Decker helped Parsons reach a number of milestones. The company’s cyber
Parsons Adds Dana Turturro as SVP
After 20 years of leading talent acquisition and professional services efforts across industries, Dana Turturro has joined Parsons Corp. as senior vice president of talent acquisition. Turturro previously held talent acquisition and mobility roles with CACI International, CSRA and Peraton, where she was responsible for all net headcount growth drivers including hiring, retaining and redeploying talent. “Dana’s
Parsons Wins $32M Intelligence Contract
Defense technology provider Parsons Corp. has been awarded a $32 million, 2-year contract by the intelligence community. “For decades, Parsons has advanced the mission security, resiliency and capabilities of our nation’s intelligence community, specifically in cyber, resilient critical infrastructure protection and multi-domain battlespace awareness and operations,” said Veronica Kazaitis, Parsons vice president and account executive
Parsons Wins Place on $1.2B Army Modernization Effort
Technology provider Parsons Corp. has been selected for a seat on a utility monitoring and control systems contract through the U.S. Army Corps of Engineers Engineering and Support Center. “Parsons has provided high-quality, unique solutions under multiple iterations of the contract, beginning with the inception of the contract vehicle, UMCS 1,” said Dan Rucker, program
Lysa Scully Joins Parsons’ Critical Infrastructure Advisory Board
Defense technology provider Parsons Corp. has named aviation industry expert Lysa Scully to its Critical Infrastructure Strategic Advisory Board. The board helps Parsons to set and hone its strategic direction to help optimize the dependability, functionality and longevity of critical infrastructure, the company said. With over 30 years of experience, Scully is the former CEO
Parsons Wins Cyber Engineering Contract
Parsons Corp. has been awarded a task order by the General Services Administration for cyber services in dynamic operational space missions. The award calls on Parsons to provide secure and resilient architecture development, systems engineering and integration, secure communications, and cyber risk and threat assessment for the enhancement and resiliency of weapon systems and special security
Parsons Wins Task Order for Potential $11.7M Navy Cyber Contract
Naval Information Warfare Center Pacific has awarded Parsons Corp. its first task order under an indefinite delivery/indefinite quantity multiple award contract, originally announced by NIWC Pacific in May 2019. The potential $11.7 million task order covers professional technical and management support services to establish and maintain cyberspace operations and enable product lines, programs and projects, including
Rick Hubbard Joins Parsons as a SVP of Business Development
Parsons Corp. has hired Rick Hubbard as senior vice president of business development for its connected communities market. Hubbard was previously a senior vice president at AT&T, where he saw successes in product development and product strategy for AT&T’s business services across the globe. In his new role, he will accelerate sales of Parsons’ technology-based
Parsons Wins $590M COCOM Cyber Mission Deal
Parsons Corp. has been awarded the Combatant Commands Cyber Mission Support contract by the General Services Administration. The contract is a 1-year base with four 1-year options for a total potential value of $590 million. Parsons will support multidomain operations across cyber, space, air, ground and maritime and provide operational support for developed cyber capabilities, including joint command
Parsons Announces IPO Pricing, Goes Live on NYSE
Parsons Corp. announced the initial public offering of 18,518,500 common stock shares at $27 per share, as trading on the New York Stock Exchange went live May 8 under ticker symbol PSN. In fact, shares of Parsons spiked more than 12% by mid-afternoon the day it hit the stock exchange, just hours after the company
Parsons Files with SEC for IPO
Although the details are scarce, the Centreville, Virginia-based Parsons Corp. announced today it confidentially filed with the U.S. Securities and Exchange Commission for a proposed initial public offering. The company, which provides security, intellectual property and engineering services to government clients and is known for building airports and subways, submitted a draft registration statement on
Former FBI Cyber Official Trent Teyema Named Parsons CTO
Parsons Corp. announced it has tapped veteran cybersecurity expert Trent Teyema as chief technology officer for its federal business. Teyema will also serves as a senior vice president, and will oversee intellectual property protection, and research and development initiatives, among other duties. Teyema, who has more than 20 years of experience in the cybersecurity field, most
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