Parsons, a California-based defense, engineering, and cyber-security contractor has moved its new corporate headquarters to the Washington, D.C. area to drive its critical infrastructure, defense and intelligence market growth, the company announced on Thursday.
The relocation of the headquarters from Pasadena, California, to an existing building in Centreville, Virginia, is an outcome of the firm’s 10-year strategic plan.
“Our strategic actions over the past 10 years, including acquisitions, have led to the Washington metropolitan area having Parsons’ largest concentration of employees worldwide. The move of our corporate headquarters to the Washington area will support this concentration of employees in the region,” said Parsons CEO Chuck Harrington.
According to Parsons’ chief marketing officer Virginia Grebbien, the California employees will not be transferred to its new headquarters, and there will be no layoffs due to the move.
Chris Thornberg, founder of Beacon Economics in Los Angeles, said that the decision of Parsons to shift its headquarters is more about the evolution of corporations than the idea that jobs are leaving.
Parsons Corp. is moving its headquarters from Pasadena to Washington, D.C., area https://t.co/wRBxqryUj8
— DC Centrum (@DCCentrum) March 1, 2019
“Parsons wants to be closer to D.C., that’s where their bread and butter is, and this is a shift to get in front of power brokers in D.C. It is no reflection on the health of the Southern California economy,” added Thornberg.
Federal and local governments, as well as private industrial customers, avail the defense, security, and infrastructure services provided by Parsons.
Parsons has a strong presence in California with 1,400 employees. In addition to 16,000 employees around the world, the company employs 2,400 people in several D.C.-area locations.
With annual revenue of $3.6 billion, the company focuses on the sectors of defense, intelligence, and infrastructure.