Parsons Corporation: Difference between revisions - Wikipedia
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Line 34: In 1985, Parsons finalized an Employee Stock Ownership Program (ESOP), allocating shares in proportion to employees’ salaries.<ref>{{cite news|title=ESOP Buy-Out of Parsons Wins Approval|date=January 15, 1985|author=Ralph Vartabedian|url=https://www.latimes.com/archives/la-xpm-1985-01-15-fi-7536-story.html|work=The Los Angeles Times|access-date=May 16, 2024}}</ref> The ESOP program continues today.<ref>{{cite web |title=Exhibit 10.3 Parsons Employee Stock Ownership Plan 2019 Amendment and Restatement|website=www.sec.gov |url=https://www.sec.gov/Archives/edgar/data/275880/000119312519123626/d625480dex102.htm |access-date=May 22, 2024}}</ref> Parsons interest in bridge projects grew through the 1980s, 1990s, and 2000s leveraging credentials enabled by acquisition of firms including DeLeuw, Cather, and Company in 1977<ref name="psndcc"/> and Steinman, Boynton, Gronquist and Birdsall (SBGB) in 1988.<ref name="sbgb"/> These acquisitions brought experience and pedigree for design and/or refurbishment of iconic bridge structures including the [[Mackinac Bridge]] (Steinman, 1957),<ref>{{cite web |title=History of the Bridge |publisher=Mackinac Bridge Authority |url=https://www.mackinacbridge.org/history/history-of-the-bridge/ |access-date=May 21, 2024}}</ref> [[25_de_Abril_Bridge|Tagus River Bridge]],<ref name="tagus"/> In 2012, Parsons developed the logistics strategy for movement of the [[Space Shuttle Endeavor]] from Los Angeles International Airport to the [[California Science Center]] near downtown. The effort was completed at no cost to NASA or the science center and was delivered by a team of local consultants that contributed expertise and resources for the effort.<ref>{{cite news|title=Parsons crafted logistics plans for Endeavour’s journey Line 70: In February 1963, Parsons was contracted to design the Apollo Spacecraft Propulsion System Development Facility at White Sands New Mexico.<ref>{{cite news |title= Apollo Contract Awarded |publisher=The El Paso Times |date=February 14, 1963 |url=https://www.newspapers.com/article/el-paso-times-apollo-contract-awarded/147895580/ |access-date=May 17, 2024}}</ref> In 1964, Parsons created a technical and economic blueprint for the [[North American Water and Power Alliance|North American Water and Power Alliance (NAWAPA)]], specifically in the United States, Canada and Mexico. The plan outlined concepts to build an integrated system of dams, channels, tunnels, reservoirs, hydroelectric plants, and pumping stations. The plan ultimately did not move forward due to environmental concerns and cost.<ref>{{Cite web |title=The Abandoned Plan That Could Have Saved America From Drought |date= September 17, 2015|author=Michelle Nijhuis|work=BuzzFeed News|url=https://www.buzzfeednews.com/article/nijhuis/pipe-dreams-the-forgotten-project-that-could-have-saved-amer|access-date=May 10, 2024}}</ref> In 1966, Parsons has served as general engineering consultant for the [[Washington Metro|DC Washington Metro]] in Washington, D.C., which is a $11 billion, 103-mile rapid transit rail system connecting Washington, D.C., to its many suburbs.<ref>{{cite report |title=Contracts for Rail Rapid Transit Projects in Atlanta, Georgia; San Francisco, California; and Washington DC. |date=March 4, 1974 |publisher=U.S. General Accounting Office |url=https://www.gao.gov/assets/b-180617-089672.pdf |access-date=May 18, 2024}}</ref> In 1968, Parsons designed and constructed the entire Honolulu Airport in Honolulu, Hawaii (which is now referred to as the [[Daniel K. Inouye International Airport]]), including a 12,000-foot runway on an offshore reef to minimize noise in Honolulu.<ref>{{cite web |title=Hawaii Aviation - HNL 1960s |url=https://aviation.hawaii.gov/airfields-airports/oahu/honolulu-international-airport/hnl-1960s/ |website=Hawaii Aviation|publisher=Hawaii Aviation |access-date=May 2, 2024}}</ref> The runway is still used today. In 1968, Parsons began work to upgrade the [[Federal Aviation Administration|Federal Aviation Administration (FAA)]] by providing plans, specifications, and standards to upgrade air traffic controls in 19 facilities.<ref>{{cite news |title=The Near Mid-Air Collisions at Airport |author=Kay Lund |date=September 25, 1969 |publisher=Honolulu Star-Bulletin |url=https://www.newspapers.com/article/honolulu-star-bulletin-the-near-mid-air/148022163/ |access-date=May 24, 2024}}</ref> Today, Parsons provides 24/7/365 technical support services in all nine FAA regions and two specialized FAA centers. Again in 2001, Parsons was the prime contractor to implement modernization plans for the national airspace system.<ref>{{Cite news |title=Parsons Wins Contract to Update FAA Systems |date=December 28, 2001|work=Los Angeles Times|url=https://www.latimes.com/archives/la-xpm-2001-dec-28-fi-parsons28-story.html|access-date=May 11, 2024}}</ref> '''1970s''' | |||