Parsons Marine Steam Turbine Company company. In 1944, Parsons was one of 19 companies which formed the 'Parsons and Marine Engineering Turbine Research and Development Association', usually known as Pametrada. The last ship to use a Parsons propulsion system was launched in 1964. The company was absorbed into C. A. Parsons and Company and survives in the Heaton area of Newcastle as part of Siemens, a German industrial conglomerate. Parsons Marine Steam Turbine Company Parsons Marine Steam Turbine Company was a British engineering company based in Wallsend, North East England, on the River Tyne. The company was founded by Charles Algernon Parsons in 1897 with
George Rennie (engineer) Croydon Railway. Many orders for foreign governments were executed, and the firm were employed by the Admiralty in making engines for the Royal Navy. He was much interested in the screw-propeller, and his firm built the engines for , the world's first propeller-driven steamship. Subsequently, in 1840, the firm built for the Admiralty the "Dwarf", the first vessel in the British navy propelled by a screw. Roe (1916) discusses Rennie's contributions to the development of the planer. In 1822 he was elected Fellow of the Royal Society, and contributed papers to the Transactions in 1829 on the friction of metals