Jacobs Awarded Operational Technology Cybersecurity Contract with U.S. Wastewater Utility
Rhea-AI Summary
Jacobs (NYSE: J) has secured a significant $13.4 million operational technology (OT) cybersecurity contract with Hampton Roads Sanitation District (HRSD). The contract will provide end-to-end cybersecurity services for industrial control systems and physical infrastructure, supporting wastewater treatment services for 1.9 million people in southeast Virginia and the Eastern Shore.
The agreement, one of the largest OT cybersecurity services contracts awarded by a US wastewater utility, includes cybersecurity assessments for over 30 square miles of wastewater infrastructure, design and integration of cybersecurity controls, and continuous monitoring operations. The contract comes amid a surge in cybersecurity threats to critical infrastructure, particularly in the water sector, over the past 18 months.
Jacobs' expertise in this field is demonstrated by their service to more than 40 water utilities across the U.S. in fiscal year 2024. The company currently generates approximately $12 billion in annual revenue and employs a team of almost 45,000 people.
Positive
- Secured major $13.4M cybersecurity contract
- One of the largest OT cybersecurity contracts in US wastewater sector
- Strong market position with 40+ water utility clients in FY2024
- Expanding presence in growing OT cybersecurity market
Negative
- None.
News Market Reaction – J
On the day this news was published, J declined 0.62%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Supports critical infrastructure security for Hampton Roads Sanitation District in growing OT cybersecurity market
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"During the past 18 months, cybersecurity threats to critical infrastructure, particularly in the water sector, have surged significantly, demanding digital expertise that intersects physical asset infrastructure and operational technology cybersecurity," said Jacobs Executive Vice President Amer Battikhi. "Jacobs is uniquely positioned to support our clients with our domain knowledge in industrial environments such as water, advanced manufacturing and energy & power, coupled with specialized OT cyber capabilities to defend physical infrastructure and devices."
"At HRSD, our objective is to enhance our cybersecurity posture to the highest feasible level, proactively addressing evolving threats both now and in the future," said HRSD Chief Information Security Officer Roger Caslow. "Cyber resiliency is both our strategy and our goal. Our mission is to establish HRSD as the benchmark for cybersecurity excellence within the water and wastewater sector, ensuring the protection of critical services that safeguard public health and the environment. Our collaboration with Jacobs is a key element to achieving this vision."
In addition to providing cybersecurity assessments for more than 30 square miles of wastewater infrastructure spanning the
Jacobs is an OT cybersecurity leader in water. In fiscal year 2024, Jacobs' OT cybersecurity credentialed professionals served more than 40 water utilities across the
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 and executive orders related to governmental spending, and changes in
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