Jacobs Wins Contract for the US Army Intelligence and Security Command

Rhea-AI Summary

Jacobs (NYSE:J) secured a $235 million task order contract from the U.S. Army Intelligence and Security Command (INSCOM) over five years. This contract will enhance their cyber and intelligence services for the 902^nd Military Intelligence Group at Fort Meade, Maryland. The scope includes cyber intrusion damage assessment, geospatial intelligence, and human intelligence targeting. Jacobs emphasizes its commitment to addressing national security threats through advanced technologies and solutions, showcasing its strong position in the defense sector.

Positive

• Awarded a significant $235 million contract, enhancing revenue potential.
• Strengthens long-standing relationship with the U.S. Army.
• Broadens cyber and intelligence portfolio, meeting evolving national security threats.

Negative

• None.

DALLAS, Aug. 17, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was awarded a task order contract by the U.S. Army Intelligence and Security Command (INSCOM) to provide counterintelligence, counterterrorism and human intelligence support to the 902^nd Military Intelligence Group at Fort Meade, Maryland. The contract has a value of $235 million over a five-year period.

"Jacobs continues to bolster its cyber and intelligence portfolio with this significant contract, which builds on our longstanding relationship with the U.S. Army and reinforces our commitment to support the mission of the 902^nd Military Intelligence Group and INSCOM," said Jacobs Critical Mission Solutions Senior Vice President of Cyber & Intelligence Caesar Nieves. "To meet the continuously evolving threats facing national security, we're harnessing our advanced cyber and intelligence solutions along with our integrated approach and wide-ranging program support capabilities to deliver innovative, mission-focused outcomes that are important to our customers."

As part of the task order, Jacobs will perform work that enables critical sensitive activities in the areas of cyber intrusion damage assessment, geospatial intelligence, language-enabled socio-cultural analysis, digital media forensics and human intelligence targeting.

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, including the emergence and spread of variants of COVID-19, 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 July 2, 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
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SOURCE Jacobs

FAQ

What is the value of the contract won by Jacobs from the U.S. Army?

Jacobs was awarded a $235 million task order contract.

What services will Jacobs provide under the new U.S. Army contract?

Jacobs will provide counterintelligence, counterterrorism, and human intelligence support.

How long is the contract period for Jacobs' task order with INSCOM?

The contract has a duration of five years.

Which military group will Jacobs support with the new contract?

Jacobs will support the 902^nd Military Intelligence Group.

When was the contract awarded to Jacobs?

The contract was announced on August 17, 2021.