Jacobs Wins South Atlantic Division U.S. Army Corps of Engineers Contract

Rhea-AI Summary

Jacobs has secured a new contract from the U.S. Army Corps of Engineers (USACE) for its Mobile District's Military Design and Construction Program. The contract, valued at an estimated $249 million over five years, encompasses design services for military facilities and infrastructure across U.S. Armed Forces installations in the Southeastern U.S. Jacobs aims to provide innovative solutions through this agreement, enhancing operational capacity and resilience for defense-related construction projects.

Positive

• Awarded a contract from USACE valued at $249 million.
• Contract supports military design and construction, enhancing service capabilities.

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• None.

DALLAS, May 19, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was awarded a new contract to support the U.S. Army Corps of Engineers (USACE) Mobile District Military Design and Construction (MILCON) Program. This is an Indefinite Delivery, Indefinite Quantity (IDIQ), Multiple Award Task Order Contract (MATOC) and supports task orders primarily involved in the design of facilities and infrastructure for construction at U.S. Army, U.S. Air Force, Special Operations Command, Defense Health Programs, and other Department of Defense programs and agencies primarily in the Southeast United States.

USACE estimates the shared program capacity at $249 million for a term not to exceed five years. The contract scope includes comprehensive planning services, engineering studies and investigations, design for building renovations and additions, and development of construction plans and specifications for new vertical construction projects.

"Mobile has a robust Military Design and Construction Program and we can aid USACE to deliver innovative, sustainable and resilient solutions," said Jacobs Federal & Environmental Solutions Senior Vice President and General Manager and retired USAF Major General Tim Byers. "This new contract will provide unique opportunities to highlight the technical expertise and thought leadership we can bring to Army and Air Force installations."

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 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 the U.S. Army Corps of Engineers?

The contract is valued at an estimated $249 million.

How long is the contract Jacobs secured with USACE?

The contract term is not to exceed five years.

What services will Jacobs provide under the USACE contract?

Jacobs will provide design services for military facilities and infrastructure.

Which regions will Jacobs' contract with USACE cover?

The contract primarily covers the Southeastern United States.

What type of contract did Jacobs win from USACE?

Jacobs won an Indefinite Delivery, Indefinite Quantity (IDIQ) contract.