Jacobs Wins New Air Force B-21 Aircraft Contract

Rhea-AI Summary

Jacobs has secured a new contract from the U.S. Army Corps of Engineers (USACE) with a shared capacity valued at $200 million. This contract focuses on planning, design, and construction services for facilities related to the Air Force's B-21 mission, mainly at multiple Air Force Bases including Ellsworth, Dyess, and Whiteman. The contract features a five-year base period with an optional two years. Jacobs, with approximately $14 billion in revenue, emphasizes its dedication to innovative solutions in defense and infrastructure.

Positive

• Contract awarded with a total value of $200 million.
• Supports critical Air Force B-21 mission and infrastructure development.
• Jacobs showcases strong government contract capabilities.

Negative

• None.

DALLAS, June 24, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was awarded a new U.S. Army Corps of Engineers (USACE) Kansas City District Architecture and Engineering (AE) contract to support the planning, design and construction of facilities and infrastructure in service of the Air Force's B-21 mission. The Multiple Award Task Order Contract (MATOC) supports AE requirements primarily at Ellsworth Air Force Base (AFB), South Dakota, Dyess AFB, Texas, Whiteman AFB, Missouri, and other locations as the Air Force determines support for the B-21 program. 

USACE values the shared contract capacity at $200 million, with individual task order limits of $50 million. The contract has an initial five-year base period with a two-year option period. AE services include master planning, investigation and studies, and preparation of construction documents, including, but not limited to, training, squad operations, weapons training and engine test shop facilities.

"The next generation B-21 aircraft will bring cutting-edge technology to U.S. defense capabilities," said Jacobs Federal & Environmental Solutions Senior Vice President and retired USAF Major General Tim Byers. "By leveraging smart, innovative lessons learned from our defense clients across the world, we can enhance a more sustainable and resilient platform and provide cutting-edge solutions to another important mission within the United States military."

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.

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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 April 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 is the value of Jacobs' new contract with USACE?

Jacobs' new contract with the U.S. Army Corps of Engineers is valued at $200 million.

Which Air Force Bases are involved in Jacobs' new contract?

The contract involves Ellsworth AFB, Dyess AFB, Whiteman AFB, and other locations as determined by the Air Force.

How long is the duration of Jacobs' new contract?

The contract has an initial five-year base period with a two-year option period.

What services will Jacobs provide under the new contract?

Services include master planning, investigation and studies, and preparation of construction documents for various military facilities.

What company is awarded the Air Force B-21 contract?

The company awarded the contract is Jacobs.