Parsons Marine Steam Turbine Company, often referred to simply as Parsons, was a British shipbuilding company based in Wallsend, North England, on the River Tyne. It was founded by Charles Algernon Parsons in 1897 with £500,000 of capital, and specialised in building the steam turbine engine that Parsons had invented. Parsons usually sub-contracted hull building work to another UK shipbuilder. The company survives in the Heaton area of Newcastle and is now part of Siemens, a German industrial conglomerate, as part of their power generation branch. 
