Jacobs Wins US Army Task Order for IT Support Services of Critical Networks Vital to National Security

Rhea-AI Summary

Jacobs (NYSE:J) secured a $101 million task-order contract for IT support services from the U.S. Army over five years. This contract emphasizes Jacobs' commitment to enhancing national security capabilities. The task order will involve maintaining hardware and software for both classified and unclassified networks supporting military operations. Jacobs aims to leverage its mission experience and digital innovation to meet the evolving needs of U.S. defense and intelligence sectors.

Positive

• Awarded a $101 million contract for IT support services from the U.S. Army, enhancing revenue potential.
• Strengthens long-term partnership with the U.S. Army, reinforcing market position and trust.

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• None.

DALLAS, Dec. 16, 2020 /PRNewswire/ -- Jacobs (NYSE:J) was awarded a task-order contract for IT support services of critical networks by the U.S. Army Intelligence and Security Command (INSCOM), Ground Intelligence Support Activity (GISA) and Enterprise Transport (GET). The Information Technology Enterprise Solutions – 3 Services (ITES-3S) task order has a value of $101 million over a five-year period.   

"This significant contract builds on our longstanding partnership with the U.S. Army and reinforces our commitment to the mission capability, capacity and readiness of our armed forces," said Critical Mission Solutions Senior Vice President of Advancing National Security Jennifer Richmond. "As the potential threats to our national security are ever evolving, so too are the mission needs of our defense and intelligence community partners. At Jacobs, we're harnessing our unique blend of mission experience, digital capability and targeted innovation to advance digital modernization across our U.S. federal clients as we anticipate and meet the national security challenges of the future."

As part of the task order, the work includes maintaining availability of all hardware and software supporting both classified and unclassified networks, along with several critical networks supporting warfighters. Jacobs will provide a full range of sustainment and technical support services to ensure uninterrupted service to the U.S. Army, Marines, Special Operations Forces, National Guard Bureau (NGB) and the NGB Civil Support Teams customers within and outside the continental United States.

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 $14 billion in revenue and a talent force of more than 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, 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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FAQ

What is the value of the contract awarded to Jacobs by the U.S. Army?

Jacobs was awarded a $101 million contract for IT support services.

What services will Jacobs provide under the new Army contract?

Jacobs will maintain hardware and software for classified and unclassified networks supporting military operations.

How long is the contract with the U.S. Army for Jacobs?

The contract is valued over a five-year period.

Which division of the Army awarded Jacobs the contract?

The contract was awarded by the U.S. Army Intelligence and Security Command (INSCOM).

What is Jacobs' stock symbol?

Jacobs' stock symbol is 'J'.