Parsons Corporation is a technology provider offering solutions for defense, intelligence, and critical infrastructure, including the space sector. They provide services such as launch logistics, satellite operations, assured PNT, and geospatial intelligence, and are involved in satellite integration, ground operations, and space domain awareness. Parsons' key customers include the US Space Force, US Air Force, NASA, and other government agencies. Keywords associated with Parsons include space architecture, launch integration, and small satellite development.
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Parsons will officially open a new smallsat integration facility in Torrance, California on 2020-02-27.
After AEHF-6, Parsons’ next launch manifest integration job will be a secondary payload that will ride with Landsat-9, an Earth observation satellite that NASA plans to launch in 2021.
Under the SMC contract awarded in March 2019, Parsons expects to assemble secondary payloads for as many as 16 military and civil space missions over the next five years.
Parsons performed the engineering work to prepare the 12U cubesat to ride on the Centaur’s aft bulkhead carrier under a five-year $100,000,000 contract from the Space and Missile Systems Center to serve as launch manifest systems integrator.
Parsons will integrate a secondary payload for the Atlas 5 launch of Landsat 9, a NASA Earth observation satellite projected to launch in December 2020.
Parsons used proceeds from its May initial public offering mostly to pay down net debt from $538,000,000 to $50,000,000.
Parsons completed a $534,000,000 initial public offering in May.
During the quarter that ended 2019-03-31, Parsons received a contract worth roughly $100,000,000 from the U.S. Air Force Space and Missile Systems Center to provide integration services for small satellite launch.
Parsons attributed its revenue growth to the OGSystems acquisition and its $489,000,000 purchase of defense contractor Polaris Alpha in May 2018.
Parsons purchased geospatial intelligence firm OGSystems in January for $292,000,000.
Parsons won a contract in February worth up to $100,000,000 over five years from the Air Force Space and Missile Systems Center’s Launch Enterprise Directorate to serve as prime contractor for the integration of small satellites with launch vehicles.
With the acquisition of OGSystems, Parsons gains access to analysts and experts in LiDAR, synthetic aperture radar, electro-optical, hyperspectral imagery, panchromatic imagery, infrared imagery, radar, full motion video, and polarization.
More than 1,000 employees work in contractor-support roles for the Missile Defense Agency at various locations for Parsons.
A regulatory review of the Parsons acquisition of Polaris Alpha was expected to be completed the week before Polaris Alpha’s ownership transfer on 2018-06-01.
Parsons bought Polaris Alpha from private equity firm Arlington Capital Partners on 2018-05-21.
Parsons projects its revenues from government work will increase from one-third to one-half of the corporation’s overall revenues once Polaris Alpha comes under Parsons’ ownership on 2018-06-01.