jacobs-wins-us-army-task-order-for-it-support-services-of-critical-networks-vital-to-national-security

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

 

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 FacebookInstagramLinkedIn 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.

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Jacobs Acquires Cyber and Intelligence Leader The Buffalo Group

 

Jacobs (NYSE:J) announces it has acquired The Buffalo Group, a leader in advanced cyber and intelligence solutions, further strengthening Jacobs’ leading portfolio of national priority mission-focused, government solutions in the cyber domain and the Intelligence Community (IC). The terms of the acquisition were not disclosed.

Based in Reston, Va., The Buffalo Group brings high-impact analytical and technology capabilities to the United States Intelligence Community for key missions across multi-domains including cyber, ground, sea, airborne and space.

“Defending our nation against adversarial threats is growing in complexity. The Buffalo Group’s leading cyber and intelligence capabilities further strengthens our suite of national priority solutions across integrated multi-domain environments,” said Jacobs Chair and CEO Steve Demetriou. “Like Jacobs, The Buffalo Group has a proven track record of winning multibillion-dollar full and open enterprise contracts. Under the leadership of Caesar Nieves as head of our new Cyber and Intelligence business, the combination of Jacobs and The Buffalo Group will provide additional opportunities across the Intelligence Community, Combatant Commands and the U.S. Army.”

The Buffalo Group’s advanced, mission-critical solutions solve complex national priorities and security challenges in the areas of advanced analytics, advanced targeting, cybersecurity, cloud mitigation, DevSecOps (Development, Security and Operations), identity intelligence and biometrics, human intelligence, open-source and social media analysis, geospatial intelligence, cyber threat intelligence and artificial intelligence/machine learning. The Buffalo Group President Paul Courtney said, “Joining with Jacobs will enable The Buffalo Group’s talented team to deliver even more innovative technologies and capabilities to customers. With a proven record for delivering cutting-edge technology solutions that drive critical business outcomes, Jacobs represents a technical, cultural and philosophical fit for The Buffalo Group team.”

Advisors

For Jacobs, Fried Frank served as legal counsel. For The Buffalo Group, Pillsbury Winthrop Shaw Pittman LLP served as legal counsel and Baird acted as the exclusive financial advisor.

Earnings Call

Jacobs will host its quarterly earnings call on November 24 at 10:00 a.m. ET, during which this transaction will be discussed with the financial community. The conference call can be accessed by dialing participant toll free dial-in number: 833-231-8270 (U.S./Canada) or participant international dial-in number: 647-689-4115 using conference ID: 7372799. Interested parties can listen to the earnings call and view accompanying slides on the Jacobs investor page.