Jacobs Solutions Inc. (NYSE:J) secured a long-term federal contract with the U.S. military.
Awarded by the U.S. Air Force Civil Engineer Center (AFCEC), the multi-year Indefinite Delivery Indefinite Quantity (IDIQ) contract authorizes Jacobs to deliver a broad range of environmental services.
The agreement includes environmental restoration, conservation, and quality management planning. Its projected ceiling is $1.5 billion over a potential 10-year term.
Under the multi-award task order framework, Jacobs will support the U.S. Air Force, AFCEC, other Department of Defense entities, and federal agencies. The scope of work spans site assessments, environmental planning, engineering design, construction-phase support, and field inspections across various Air Force commands and facilities.
Susannah Kerr, executive vice president at Jacobs, highlighted the contract’s strategic significance. “This contract is one example of how national security isn’t just about what happens inside a base—it encompasses a holistic perspective that includes the resilience of critical infrastructure such as cyber networks, water systems, energy grids, and the environmental landscape,” she said.
The award reinforces Jacobs’ expertise in integrated infrastructure and sustainability solutions across defense, space, and civil markets.
Separately, Jacobs was awarded a $137 million contract by the Virgin Islands Public Finance Authority to manage the “Rebuild USVI.” The initiative supports post-hurricane recovery in the U.S. Virgin Islands. The company will lead critical infrastructure projects—including hospitals, schools, utilities, and transportation—and offer advisory services for future planning, logistics, and environmental strategy.
Additionally, in April, Jacobs received $70 million and 7.3 million shares of Amentum Holdings Inc. (NASDAQ:AMTM) as final proceeds from the separation of its Critical Mission Solutions and Cyber & Intelligence businesses. The cash will be used to reduce debt and distribute shares to shareholders.
Price Action: J shares are trading higher by 0.42% at $118 premarket at the last check Wednesday.
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