DALLAS, June 12, 2019 /PRNewswire/ -- Jacobs
(NYSE:JEC) today announced that it has completed its acquisition of
KeyW. The transaction further positions Jacobs as a leader in
high-value Government Services, and allows Jacobs' Aerospace,
Technology and Nuclear (ATN) business to further advance its
strategy of delivering innovative and unique mission-oriented
solutions for highly technical and high-consequence government
priorities.
"This combination unites complementary capabilities, cultures
and client relationships, as well as proprietary technology and
products, to accelerate Jacobs' profitable growth strategy," said
Jacobs Chair and CEO Steve
Demetriou. "The addition of KeyW within our ATN business
advances our strategy to drive growth in higher value markets,
including a multi-billion-dollar space opportunity delivering next
generation intelligence and analytics solutions. Together, we bring
the industry's foremost expertise and services, creating value for
shareholders and clients as a trusted provider of unique, technical
mission-oriented solutions while offering greater opportunities for
employees."
With the integration of KeyW into Jacobs' ATN business, the
Company has expanded its advanced engineering and technology
solutions in the key growth areas of intelligence, cyber and
counterterrorism. The acquisition further diversifies Jacobs'
end-to-end solutions for its clients through KeyW's Intelligence,
Surveillance and Reconnaissance (ISR), differentiated cyber
technology and mission-critical IT and analytics capabilities. This
transaction enhances Jacobs' portfolio by adding intellectual
property-driven technology with unique proprietary C5ISR solutions.
A joint integration planning process has been conducted ensuring
operational continuity while immediately starting to harness value
creation.
About Jacobs
Jacobs leads the global professional services sector delivering
solutions for a more connected, sustainable world. With
approximately $12 billion in revenue
and a talent force of more than 50,000, Jacobs provides a full
spectrum of services including scientific, technical, professional
and construction- and program-management for business, industrial,
commercial, government and infrastructure sectors. For more
information, visit www.jacobs.com, and connect with Jacobs on
LinkedIn, Twitter, Facebook and Instagram.
Forward-Looking Statements
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. 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 September 28, 2018,
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, and our Quarterly Report on
Form 10-Q for the quarter ended March 29,
2019, and in particular the discussions contained under Part
I, Item 2 - Management's Discussion and Analysis of Financial
Condition and Results of Operations; Part II, Item 1 - Legal
Proceedings; and Part II, Item 1A - Risk Factors, 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 additional information, contact:
Jacobs
Investors:
Jonathan Doros, 817-239-3457
jonathan.doros@jacobs.com
Media:
Amy Ochs, 214-912-9171
amy.ochs@jacobs.com
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SOURCE Jacobs