Supporting mission critical disaster response and
sustained national preparedness
DALLAS, April 4,
2024 /PRNewswire/ -- Jacobs (NYSE:J), the managing
partner for a joint venture (JV) between Jacobs and CDM Smith, was
awarded a Public Assistance Technical Assistance Contract V (PA TAC
V) for continued support of the U.S. Department of Homeland
Security's Federal Emergency Management Agency's (FEMA) mission.
Through site inspection, field support, technical evaluation and
cost analysis, Jacobs will continue to provide hazard mitigation
strategies to re-build communities and critical infrastructure
following disasters in the West Zone Regions.
The Public Assistance program provides supplemental federal
disaster grant assistance for debris removal, emergency protective
measures and the repair, replacement and restoration of
disaster-damaged, publicly owned facilities and selective private
non-profit organizations. Jacobs also advises FEMA on use of
sustainable, resilient practices that protect facilities from
future events.
"For more than 20 years, Jacobs has deployed hundreds of local
technical specialists to deliver public assistance to underserved
communities in times of disaster," said Jacobs Senior Vice
President Susannah Kerr. "Our FEMA
work is a great example of Jacobs' commitment to supporting
governments around the world with innovative offerings that allow
them to be mission ready and enhance the health, wellbeing and
longevity of their communities."
CDM Smith Senior Vice President Timothy
S. Hillier said, "We are grateful that FEMA has awarded us
the FEMA PA TAC V contract and continues to entrust us for over 20
years to support this critical mission." He added, "We are
determined to offer the best technical skills and assistance to
FEMA's Public Assistance activities in major disasters and
emergencies. Our team has a long track record of successfully
providing disaster recovery services in the United States and its territories, and we
are committed to continuing this important work under the PA TAC V
contract."
The indefinite delivery/indefinite quantity (IDIQ) contract,
which has an estimated ceiling value of $570.5 million, has a one-year base contract
period and up to four individual option years. Work includes
supporting disaster operations in FEMA Region 7: Iowa, Kansas,
Missouri, Nebraska; Region 9: Arizona, California, Hawaii, Nevada, Pacific Islands; and Region 10:
Alaska, Idaho, Oregon, Washington.
Jacobs and CDM Smith have served as JV partners since 2012,
supporting several FEMA programs under the previous Public
Assistance Technical Assistance Contracts III and IV contract
vehicles. Under previous contracts, the JV was awarded more
than $951 million to provide public
assistance, recovery operations, construction and project
management and technical services.
At Jacobs, we're challenging today to reinvent tomorrow by
solving the world's most critical problems for thriving cities,
resilient environments, mission-critical outcomes, operational
advancement, scientific discovery and cutting-edge manufacturing,
turning abstract ideas into realities that transform the world for
good. With approximately $16 billion
in annual revenue and a talent force of more than 60,000, Jacobs
provides a full spectrum of professional services including
consulting, technical, scientific and project delivery for the
government and private sector. Visit jacobs.com and
connect with Jacobs on Facebook, Instagram, LinkedIn and
X.
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, our plans to spin off and merge
with Amentum our Critical Missions Solutions business
and a portion of our Divergent Solutions business in a proposed
transaction that is intended to be tax-free to stockholders for
U.S. federal income tax purposes, 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 related to governmental spending, as well as general
economic conditions, including inflation and the actions taken by
monetary authorities in response to inflation, changes in interest
rates and foreign currency exchange rates, changes in capital
markets, the possibility of a recession or economic downturn,
geopolitical events and conflicts, and the impact of any future
pandemic or infectious disease outbreak, including the related
reaction of governments on global and regional market conditions,
among others. For a description of some additional factors that may
occur that could cause actual results to differ from our
forward-looking statements, see 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 in our most recently
filed Annual Report on Form 10-K, and Item 2 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors
in our most recently filed Quarterly Report on Form 10-Q, 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 press/media inquiries:
media@jacobs.com
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SOURCE Jacobs