Jacobs to Deliver Integrated Solutions for US General Services Administration
Rhea-AI Summary
Jacobs (NYSE: J) has secured a major contract with the U.S. General Services Administration (GSA) through the OASIS+ Multi-Agency Contract. The company will provide comprehensive integrated services including management, advisory, environmental, engineering, and technical support across multiple federal agencies.
With a proven 20-year track record in federal projects, Jacobs brings significant expertise demonstrated by recent wins with the U.S. Navy, Air Force, and National Parks Service. Notable projects include energy services for the Library of Congress, coastal solutions for Tyndall Air Force Base, and construction management for the Los Angeles Federal Courthouse.
The company holds top rankings in key sectors: #1 in Government Office Design, #2 in Construction Management and Site Assessment & Compliance, and #3 among Top 200 Environmental Firms according to Engineering News-Record 2024. With $12 billion in annual revenue and 45,000 employees, Jacobs delivers services across advanced manufacturing, cities, energy, environmental, life sciences, transportation and water sectors.
Positive
- Awarded unrestricted GSA OASIS+ Multi-Agency Contract for federal services
- 20+ years track record of successful federal project delivery
- Strong market position: #1 in Government Office Design, #2 in Construction Management, #2 in Site Assessment & Compliance
- Substantial revenue base of $12 billion annually
- Large workforce of 45,000 employees indicating strong operational capacity
Negative
- Contract value and duration not disclosed
- Potential risks from government spending changes and Infrastructure Investment Jobs Act uncertainties
- Exposure to economic downturn risks and inflation impacts
News Market Reaction 1 Alert
On the day this news was published, J gained 1.23%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Continues multi-decade support delivering innovative and comprehensive services to federal agencies
Under this contract, Jacobs will provide a full range of integrated service solutions to meet the complex and critical needs of federal agencies. This includes management, advisory and environmental services, as well as engineering and technical support.
"For more than 20 years, Jacobs has successfully delivered critical projects for our federal clients by leveraging best-in-class solutions that integrate multiple service disciplines across end markets," said Jacobs Executive Vice President Susannah Kerr. "This award reflects our commitment to meet their evolving needs and address increasingly complex service requirements with comprehensive solutions."
This contract reinforces Jacobs' reputation for delivering high-quality services for
Jacobs is ranked as No. 1 in Government Office Design, No. 2 Construction Management/PM-for-Fee Firms, No. 2 in Site Assessment & Compliance and No. 3 in the Top 200 Environmental Firms 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 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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SOURCE Jacobs
