Jacobs Wins $778M Information Technology Deal From USSOCOM
Zacks Investment Research | Mar 14, 2018 09:33PM ET
Jacobs Engineering Group (NYSE:JEC) recently won a $778-million global information technology (IT) maintenance and operations contract from the U.S. Special Operations Command (USSOCOM).
The project will likely be accomplished by 2023. At the time of completion, Jacobs will be providing various types of IT assistance for the Special Operations Forces Information Environment (SIE).
System and network infrastructure, network operations, enterprise architecture, license and asset management, and common device support solutions will be provided through these services. SIE is a network that enables safe distribution and collection of information, in turn, helping accumulate actionable evidence for the U.S. Department of Defense.
Receipt of the aforementioned contract highlights that Jacobs is currently regarded as an expert IT solutions provider in the market. The company offers premium technology solutions for achieving intelligence and defense missions seamlessly. On Jan 31, 2017, the company rolled out Jacobs Connected Enterprise (‘JCE’) — a suite of joined solutions and capabilities that enables digital transformation. Through JCE, Jacobs integrates its capabilities in the Industrial Internet of Things (IIoT), cybersecurity, data analytics and cloud computing for offering value-added solutions to the company’s consumers.
Jacobs Stock Looks Promising
Over the past year, Jacobs’ shares rallied 7%, as against the 8.2% loss incurred by the Zacks Investment Research
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