Jacobs to Manage Architecture and Engineering for US Navy in the Southwest

Rhea-AI Summary

Jacobs secures a $249 million contract with the Department of the Navy to deliver architecture and engineering services in multiple states. The contract has a base period of two years and can be extended for an additional six years.

Positive

• Jacobs secured a $249 million contract with the Department of the Navy for architecture and engineering services
• The contract has a base period of two years and can be extended for an additional six years

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• None.

Program to deliver buildings and critical infrastructure services

DALLAS, May 23, 2023 /PRNewswire/ -- Jacobs (NYSE:J) secured a single award indefinite-delivery/indefinite-quantity (IDIQ) contract with the Department of the Navy, Naval Facilities Engineering Systems Command Southwest (NAVFAC SW) to perform multi-discipline Architecture-Engineering (A-E) Services in Arizona, California, Colorado, Nevada, New Mexico, Utah and other approved areas of responsibility. 

NAVFAC estimates the contract value at $249 million across eight years, with a two-year base period and the option to extend for an additional six years. The scope includes but is not limited to the delivery of architecture and engineering services for commercial, institutional, industrial, operations and training, research and development, medical and quality-of-life facilities at defense installations within the area of responsibility.

"Jacobs has a proven track record of managing the vast scope and delivery of projects for the United States Navy," said Jacobs Federal and Environmental Solutions Senior Vice President and General Manager Susannah Kerr. "Through the new contract, we can continue demonstrating our commitment to agile, sustainable and cost-efficient mission-ready solutions today and into tomorrow."

Jacobs previously supported NAVFAC SW under the $99 million single award IDIQ contract, delivering successful projects like the China Lake Earthquake Recovery Program. Since 2010, Jacobs has successfully executed more than 200 A-E projects, incorporating sustainable design, engineering-with-nature elements and mission-ready solutions for the Navy. 

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 secured by Jacobs?

The contract secured by Jacobs is valued at $249 million.

Which department did Jacobs secure the contract with?

Jacobs secured the contract with the Department of the Navy.

What kind of services will Jacobs provide under the contract?

Jacobs will provide architecture and engineering services.

For how long is the base period of the contract?

The base period of the contract is two years.

Can the contract be extended?

Yes, the contract can be extended for an additional six years.