Jacobs Awarded Metropolitan Washington Airports Authority's Asset Management Services Contract

Rhea-AI Summary

Jacobs (NYSE:J) has secured a five-year contract from the Metropolitan Washington Airports Authority to deliver Facilities Condition Assessment and Enterprise Asset Management Services. This initiative is aimed at enhancing the operational efficiency and passenger experience at Ronald Reagan Washington National Airport and Washington Dulles International Airport. The contract encompasses evaluating the management of buildings, analyzing capital investment needs, and prioritizing maintenance projects. Jacobs aims to integrate asset inventories with EAM technology to boost quality and safety.

Positive

• Awarded a five-year contract to provide asset management services, indicating strong market positioning.
• Focus on improving airport facilities and passenger experience, which can enhance customer satisfaction and potentially increase revenues.

Negative

• None.

DALLAS, April 14, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was selected by the Metropolitan Washington Airports Authority to provide Facilities Condition Assessment (FCA) and Enterprise Asset Management (EAM) Services. This work will help the Airports Authority plan for airport enhancements to improve the overall airline and passenger experience at both Ronald Reagan Washington National Airport (DCA) and Washington Dulles International Airport (IAD).

The five-year contract includes a base year with multiple one-year options and includes work to assess how buildings and infrastructure are managed, analyze capital investment needs, discover areas for improvement and prioritize critical maintenance and repair projects.

"Our long-standing relationship with the Metropolitan Washington Airports Authority is even more important now as air travel begins to increase, and this project will prioritize keeping airports safe, efficient and reliable for travelers," said Jacobs People & Places Solutions Executive Vice President Ken Gilmartin. "Working collectively, we have the opportunity to improve the passenger experience and make travel easier for individuals using Washington, D.C.'s airports."

Jacobs' consulting team will integrate physical asset inventories with EAM technology to save costs, improve quality and efficiency of resources, extend facility life, and enhance safety, health, and environment initiatives at both airports. 

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 $14 billion in revenue and a talent force of approximately 55,000, 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 as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are 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 impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular 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, and our Quarterly Report on Form 10-Q for the quarter ended January 1, 2021, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, 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 contract did Jacobs secure from the Metropolitan Washington Airports Authority?

Jacobs was awarded a five-year contract to provide Facilities Condition Assessment and Enterprise Asset Management Services.

How will the contract benefit Ronald Reagan Washington National Airport and Washington Dulles International Airport?

The contract aims to improve overall operational efficiency and enhance the passenger experience at both airports.

What technology will Jacobs integrate as part of the new contract?

Jacobs will integrate physical asset inventories with Enterprise Asset Management technology to improve quality and efficiency.

What is the significance of this contract for Jacobs (NYSE:J)?

This contract reinforces Jacobs' market position and highlights its capability to enhance airport management services.