Jacobs Awarded Environmental Compliance Contract with the US Navy
Rhea-AI Summary
Jacobs (NYSE: J) has secured a five-year, $80 million single-award contract from the Naval Facilities Engineering Systems Command (NAVFAC) Atlantic for environmental compliance engineering support. The contract extends Jacobs' ongoing work with the U.S. Navy's multimedia environmental compliance program, covering operations in the eastern U.S., Europe, Africa, and the Middle East.
The scope includes services for petroleum storage tank compliance, oil spill preparedness, air quality compliance, Safe Drinking Water Act and Clean Water Act compliance, and material and waste management. This renewal builds on Jacobs' 40+ years of support to NAVFAC. The company holds top rankings in relevant Engineering News Record categories, including #1 in Sanitary & Storm Sewers and Wastewater Treatment, and #2 in Chemical & Soil Remediation.
Positive
- Secured $80 million maximum ceiling contract for 5 years
- Contract renewal demonstrates long-term relationship with NAVFAC spanning 40+ years
- Holds #1 ranking in key environmental engineering categories
Negative
- None.
News Market Reaction
On the day this news was published, J declined 0.06%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Multi-year contract continues environmental compliance program to Navy and Marine Corps operations in the
The five-year,
"This multimedia contract renewal continues Jacobs' 40+ years of support to NAVFAC and provides another opportunity to advance the environmental compliance of the
Jacobs also supports other divisions of NAVFAC globally, delivering cutting-edge critical infrastructure design, innovative program management, sustainable energy solutions and environmental stewardship. These capabilities deliver resilient, secure environments that help to advance peace and prosperity, and protect nations and communities. Jacobs will continue to draw in the deep expertise and capacity reflected in the No. 1 ranking in Sanitary & Storm Sewers, Sewer & Waste and Wastewater Treatment, and No. 2 in Chemical & Soil Remediation and Site Assessment & Compliance by Engineering News Record in 2024.
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify 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, uncertainties as to the impact of the recently completed separation transaction pursuant to which we spun off and merged our Critical Missions Solutions and Cyber & Intelligence government services businesses with Amentum (together, "new Amentum ") on Jacobs' and new Amentum's businesses, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation related to governmental spending, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others, and the impact of any future pandemic or infectious disease outbreak, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see 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 in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings, 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:
media@jacobs.com
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SOURCE Jacobs
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