Jacobs Awarded $3.2 Billion Contract at Kennedy Space Center

Rhea-AI Summary

Jacobs has secured a significant contract with NASA at the Kennedy Space Center, valued at approximately $3.2 billion over the next 10 years. This contract extends Jacobs' involvement in managing KSC's launch infrastructure and ground processing for critical NASA programs such as the Exploration Ground Systems and International Space Station. Scheduled to commence on May 1, the contract will support various NASA initiatives, including the Artemis program. Jacobs continues to play a vital role as NASA's largest services contractor, providing comprehensive aerospace capabilities and services.

Positive

• Awarded a $3.2 billion contract with NASA, enhancing future revenue streams.
• Contract extends Jacobs' long-term partnership with NASA, signaling strong ongoing collaboration.
• Involvement in high-profile programs like Artemis demonstrates Jacobs' strategic positioning in aerospace.

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• None.

Agreement extends 20 years of delivering high-tech solutions for human space exploration and scientific discovery at KSC

DALLAS, Feb. 24, 2023 /PRNewswire/ -- Jacobs (NYSE:J) was awarded the Consolidated Operations, Management, Engineering & Test (COMET) contract at NASA Kennedy Space Center (KSC).

The contract is estimated at approximately $3.2 billion over 10 years and extends Jacobs' role managing KSC's launch infrastructure as well as ground processing for NASA programs, including the Exploration Ground Systems program, International Space Station program and other key NASA spaceflight programs dating back to 2013. Under the contract, Jacobs will provide engineering; ground system development; flight vehicle/spacecraft processing; and launch, landing and recovery operations for NASA's major Exploration Systems Development programs: Exploration Ground Systems, Space Launch System and Orion programs.

"For more than 50 years, Jacobs' commitment to safety, innovation and performance excellence has helped successfully support NASA's mission," said Jacobs Chief Executive Officer Bob Pragada. "With COMET, we will continue helping NASA advance the United States' efforts to establish a long-term human presence in deep space."

The contract is scheduled to begin on May 1 to continue providing ground and launch operations support at KSC, including support for the Artemis program. The contract also includes services to other NASA programs, commercial ventures and partnerships at KSC.

"Jacobs provided excellent support in helping NASA upgrade KSC's heritage shuttle facilities and ground systems in preparation for the first Artemis flight," said Jacobs EVP and President Critical Mission Solutions Steve Arnette. "We will continue supporting the major NASA programs that help expand our understanding of the universe and inspire us to push the limits of human potential."

As NASA's largest services contractor, Jacobs is a provider and integrator of full lifecycle aerospace capabilities, including design and construction; base, mission and launch operations; sustaining capital maintenance; secure and intelligent asset management; and development, modification and testing processes for fixed assets supporting national government, military, defense and NASA, as well as commercial space companies. 

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $15 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and  Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

 

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SOURCE Jacobs

FAQ

What is the value of the contract awarded to Jacobs by NASA?

The contract awarded to Jacobs by NASA is valued at approximately $3.2 billion.

When does the new contract with NASA start?

The new contract with NASA is scheduled to begin on May 1.

What will Jacobs provide under the new NASA contract?

Jacobs will provide engineering, ground system development, and support for NASA's major exploration programs.

How long is the contract awarded to Jacobs?

The contract awarded to Jacobs is for a duration of 10 years.

What key NASA programs will Jacobs support?

Jacobs will support the Exploration Ground Systems, Space Launch System, and Orion programs.