Jacobs Wins National Geospatial-Intelligence Agency Contract

Rhea-AI Summary

Jacobs (NYSE:J) has secured a $302 million contract from the National Geospatial-Intelligence Agency (NGA) to deliver data-driven solutions for its Geospatial-intelligence Enterprise OpenDataStore services over a seven-year period. The contract focuses on providing cyber and digital services, enhancing NGA's capabilities in geospatial intelligence. With $14 billion in revenue and around 55,000 employees, Jacobs aims to modernize NGA's system architecture from on-premise to a hybrid cloud environment, aligning with the growing demands for digital intelligence.

Positive

• Secured a $302 million contract with NGA, providing substantial revenue over seven years.
• Enhances Jacobs' position in the growing field of geospatial intelligence and data services.
• Aims for modernization of NGA's data services to a hybrid cloud solution, reflecting industry trends.

Negative

• None.

DALLAS, Sept. 14, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was awarded a contract by the National Geospatial-Intelligence Agency (NGA) to provide mission-driven and data-centric solutions in support of Geospatial-intelligence Enterprise OpenDataStore (GEODS) services. The single-award indefinite delivery/indefinite quantity (IDIQ) contract value is estimated at $302 million across a seven-year ordering period.

"Jacobs will provide wide-ranging cyber, digital services and modern software engineering that support geospatial intelligence (GEOINT) for accessing and delivering digital intelligence and collection automation," said Jacobs Critical Mission Solutions Senior Vice President of Cyber & Intelligence Caesar Nieves. "This contract represents how we are helping our clients meet the demands of the digital evolution and revolution by ensuring data continues to be a strategic asset for GEOINT dominance and modernizing NGA from the current on-premise software baseline data center architecture to a hybrid cloud-based set of data services with OpenDataStore (ODS)."

NGA delivers world-class geospatial intelligence for the Department of Defense, with the primary mission of collecting, analyzing and distributing geospatial intelligence in support of national security. 

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
214.583.8433

 

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SOURCE Jacobs

FAQ

What contract did Jacobs win from the NGA?

Jacobs won a $302 million contract to provide data-driven solutions for the NGA's Geospatial-intelligence Enterprise OpenDataStore services.

How long is the Jacobs contract with the NGA?

The contract with the NGA is set for a seven-year period.

What services will Jacobs provide under the NGA contract?

Jacobs will provide cyber, digital services, and modern software engineering supporting geospatial intelligence.

What is the significance of the NGA contract for Jacobs' revenue?

The contract is valued at $302 million, contributing significantly to Jacobs' revenue over the duration of the contract.