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Jacobs Awarded FBI Information Technology Supplies and Support Services Contract

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Jacobs (NYSE:J) has been awarded the FBI Information Technology Supplies and Support Services 2nd Generation (ITSSS-2) Blanket Purchase Agreement (BPA). This competitive contract, with an $8 billion total ceiling value over eight years, will provide critical IT support to the FBI and the broader Department of Justice. Jacobs will deliver solutions in seven key areas: workplace services, business applications, delivery services, platform services, infrastructure services, emerging technologies, and other IT services.

This award builds on Jacobs' nearly two-decade-long collaboration with the FBI, reinforcing its position as a trusted provider of innovative IT solutions. The contract underscores Jacobs' commitment to enhancing the FBI's mission-critical operations through cutting-edge technologies.

Jacobs (NYSE:J) ha ricevuto l'Accordo Quadro per le Forniture e i Servizi di Supporto alle Tecnologie Informatiche della FBI 2a Generazione (ITSSS-2). Questo contratto competitivo, con un valore totale massimo di $8 miliardi su otto anni, fornirà supporto IT critico all'FBI e al più ampio Dipartimento di Giustizia. Jacobs fornirà soluzioni in sette aree chiave: servizi per il luogo di lavoro, applicazioni aziendali, servizi di consegna, servizi di piattaforma, servizi infrastrutturali, tecnologie emergenti e altri servizi IT.

Questo riconoscimento si basa su quasi vent'anni di collaborazione tra Jacobs e l'FBI, rafforzando la sua posizione di fornitore affidabile di soluzioni IT innovative. Il contratto sottolinea l'impegno di Jacobs a migliorare le operazioni mission-critical dell'FBI attraverso tecnologie all'avanguardia.

Jacobs (NYSE:J) ha sido premiado con el Acuerdo Marco para Suministros y Servicios de Soporte de Tecnología de la Información de la FBI 2a Generación (ITSSS-2). Este contrato competitivo, con un valoralto máximo de $8 mil millones durante ocho años, proporcionará soporte informático crítico a la FBI y al Departamento de Justicia en general. Jacobs ofrecerá soluciones en siete áreas clave: servicios de lugar de trabajo, aplicaciones comerciales, servicios de entrega, servicios de plataformas, servicios de infraestructura, tecnologías emergentes y otros servicios de TI.

Este premio se basa en casi dos décadas de colaboración de Jacobs con la FBI, reforzando su posición como proveedor de confianza de soluciones informáticas innovadoras. El contrato subraya el compromiso de Jacobs de mejorar las operaciones críticas de la misión de la FBI a través de tecnologías de vanguardia.

Jacobs (NYSE:J)는 FBI 정보 기술 공급 및 지원 서비스 2세대(ITSSS-2) 블랭킷 구매 계약(BPA)을 수상했습니다. 이 경쟁 계약은 8년 동안 $80억 달러의 총 한도 가치를 가지며, FBI와 더 넓은 법무부에 중요한 IT 지원을 제공합니다. Jacobs는 직장 서비스, 비즈니스 애플리케이션, 배달 서비스, 플랫폼 서비스, 인프라 서비스, 신기술 및 기타 IT 서비스의 7개 주요 영역에서 솔루션을 제공합니다.

이번 수상은 Jacobs와 FBI 간의 거의 20년간의 협력 관계를 바탕으로 하며, 혁신적인 IT 솔루션의 신뢰할 수 있는 공급업체로서의 위치를 강화합니다. 이 계약은 첨단 기술을 통해 FBI의 주요 작전 향상에 대한 Jacobs의 헌신을 강조합니다.

Jacobs (NYSE:J) a reçu l'Accord d'Achat-Cadre pour les Fournitures et les Services de Soutien en Technologies de l'Information de la FBI 2ème Génération (ITSSS-2). Ce contrat compétitif, d'une valeur maximale totale de 8 milliards de dollars sur huit ans, fournira un soutien informatique crucial au FBI et au département de la Justice au sens large. Jacobs proposera des solutions dans sept domaines clés : services sur le lieu de travail, applications commerciales, services de livraison, services de plateforme, services d'infrastructure, technologies émergentes et autres services informatiques.

Cette récompense s'appuie sur presque deux décennies de collaboration entre Jacobs et le FBI, consolidant sa position en tant que fournisseur de confiance de solutions informatiques innovantes. Le contrat souligne l'engagement de Jacobs à améliorer les opérations critiques de la mission du FBI grâce à des technologies de pointe.

Jacobs (NYSE:J) wurde mit dem Rahmenvertrag für IT-Lieferungen und Supportdienste der FBI 2. Generation (ITSSS-2) ausgezeichnet. Dieser wettbewerbsfähige Vertrag mit einem maximalen Gesamtwert von 8 Milliarden USD über acht Jahre wird kritische IT-Unterstützung für die FBI und das umfassendere Justizministerium bereitstellen. Jacobs wird Lösungen in sieben Schlüsselbereichen anbieten: Arbeitsplatzdienste, Geschäftsanwendungen, Lieferdienste, Plattformdienste, Infrastrukturdienste, aufkommende Technologien und andere IT-Dienste.

Diese Auszeichnung baut auf Jacobs' nahezu zwei Jahrzehnte währender Zusammenarbeit mit der FBI auf und festigt seine Position als vertrauenswürdiger Anbieter innovativer IT-Lösungen. Der Vertrag unterstreicht Jacobs' Engagement zur Verbesserung der operationell wichtigen Abläufe der FBI durch modernste Technologien.

Positive
  • Awarded $8 billion ceiling value FBI IT contract
  • Contract extends over 8 years
  • Expands 20-year collaboration with FBI
  • Provides services to broader Department of Justice
  • Covers 7 key IT service areas
Negative
  • None.

Insights

Jacobs' new ITSSS-2 contract with the FBI is a significant win, particularly when you consider the $8 billion total ceiling over eight years. This contract assures a steady revenue stream from a reputable client, which is a substantial positive for Jacobs' financial health. Investors should note that such government contracts are often stable, with low risk of default.

Furthermore, the overlapping availability to the Department of Justice extends the potential client base, possibly increasing revenue opportunities. This diversification can help mitigate risks associated with reliance on a single client.

From a financial perspective, this long-term contract strengthens Jacobs' revenue visibility and could potentially lead to a rerating of the stock. The commitment to innovative IT solutions also enhances Jacobs' market positioning as a leading provider of advanced technological services.

The seven key areas mentioned in the contract—such as platform services and emerging technologies—highlight Jacobs’ capability to deliver advanced IT solutions. These areas are critical for an organization like the FBI, which requires robust and secure IT infrastructure to handle sensitive data.

Jacobs' focus on emerging technologies is particularly noteworthy. With rapid advancements in AI, cybersecurity and data analytics, Jacobs is well-positioned to provide cutting-edge solutions that can significantly enhance the FBI's operational efficiency and security measures.

This contract will likely involve deploying advanced security protocols and innovative data solutions, reinforcing Jacobs' reputation as a tech leader. The potential for future technological advancements can open doors for further contracts and collaborations, adding long-term value to Jacobs’ portfolio.

The awarding of the ITSSS-2 contract to Jacobs not only reaffirms the company’s existing relationship with the FBI but also emphasizes its competitive edge in the IT services market. This contract serves as a strong endorsement of Jacobs' capabilities and its ability to meet the specific needs of high-profile government clients.

The IT services market, especially within government contracts, is highly competitive. Winning a contract with such a high ceiling value ($8 billion) over eight years is a testament to Jacobs' robust proposal and past performance. Investors should see this as a clear indicator of Jacobs' strategic positioning and potential for growth in the government sector.

Additionally, Jacobs’ expansive service offerings—ranging from business applications to emerging technologies—suggests a comprehensive approach that can attract other major clients. The company's ability to adapt and innovate in various IT segments will likely lead to sustained growth and market dominance.

Strengthens government operations by leveraging innovative data and security solutions

DALLAS, July 24, 2024 /PRNewswire/ -- Jacobs (NYSE:J) was awarded the competitive Federal Bureau of Investigation (FBI) Information Technology Supplies and Support Services 2nd Generation (ITSSS-2) Blanket Purchase Agreement (BPA). This agreement, which will also be available to the broader Department of Justice, provides critical IT support to the FBI. The contract highlights Jacobs' nearly two-decade-long collaboration with the FBI, emphasizing its role as a reliable provider of innovative IT solutions.

The FBI expects the ITSSS-2, its primary agreement for essential IT services over the next eight years, to come with an $8 billion total ceiling contract value and flexible options. This agreement underscores Jacobs' dedication to bolstering the FBI's mission-critical operations. Under the multiple-award, indefinite-delivery/indefinite-quantity contract, Jacobs will deliver crucial IT solutions in seven key areas: workplace services, business applications, delivery services, platform services, infrastructure services, emerging technologies and other IT services.

"At Jacobs, we're focused on bringing together the right combination of technologies to solve our clients' most complex challenges," said Jacobs Senior Vice President Gwen Clavon. "Building on our nearly 20 years of collaboration with the FBI, we will continue to deliver cutting-edge solutions that enhance the bureau's capabilities."

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 $16 billion in annual revenue and a talent force of more than 60,000, 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, InstagramLinkedIn and X.

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, our plans to spin off and merge with Amentum our Critical Missions Solutions  business and a portion of our Divergent Solutions business in a proposed transaction that is intended to be tax-free to stockholders for U.S. federal income tax purposes, 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, geopolitical events and conflicts, 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; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, 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:
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FAQ

What is the value of the FBI ITSSS-2 contract awarded to Jacobs (NYSE:J)?

The FBI ITSSS-2 contract awarded to Jacobs (NYSE:J) has a total ceiling value of $8 billion.

How long is the duration of the FBI IT contract awarded to Jacobs (NYSE:J)?

The FBI IT contract awarded to Jacobs (NYSE:J) is expected to last for eight years.

What types of IT services will Jacobs (NYSE:J) provide under the FBI ITSSS-2 contract?

Jacobs (NYSE:J) will provide seven key IT service areas: workplace services, business applications, delivery services, platform services, infrastructure services, emerging technologies, and other IT services.

Will other agencies besides the FBI benefit from Jacobs' (NYSE:J) ITSSS-2 contract?

Yes, the contract will also be available to the broader Department of Justice, not just the FBI.

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