DALLAS, March 5, 2020 /PRNewswire/ -- Jacobs (NYSE:J) was selected by U.S. Naval Facilities Engineering Command (NAVFAC) Atlantic for base operating support (BOS) services at naval installations located in Jefferson and Kitsap counties in Washington, referred to as West Sound (WSBOS).
The NAVFAC WSBOS contract is effective April 1, 2020 and has a negotiated award value of $52.3 million with a maximum potential award of $418.9 million over an eight-year period of performance, including a 12-month base period and seven, 12-month option periods.
With Jacobs' depth of capabilities around Intelligent Asset Management (IAM) through reliability-centered maintenance programs, the company will provide enhanced operations and maintenance expertise to increase infrastructure reliability and availability at the various locations throughout the Commander, Navy Region Northwest. Services performed include the areas of fire and emergency, facility management, facility investment, BUMED (Bureau of Medicine and Surgery) facility investment, pavement clearance, utilities wastewater, base support vehicles and equipment, environmental and other services.
"The WSBOS contract allows us to deliver innovative IAM solutions across an expanded U.S. Navy footprint, building on our ongoing success at the U.S. Navy's Mayport installation," said Jacobs Critical Mission Solutions Senior Vice President Steve Arnette. "We will deploy agile technical and management approaches across all elements of the WSBOS enterprise while making safety a priority in all that we do."
Naval Base Kitsap is the host command for the Navy's fleet throughout West Sound to provide base operating services, including support for both surface ships and fleet ballistic missile and other nuclear submarines having their home ports at Bremerton and Bangor. Naval Base Kitsap is the only base to host three classes of nuclear-powered submarines.
Jacobs is delivering innovative IAM solutions for an expanding portfolio of U.S. Government and commercial customers including U.S. Navy and NASA Langley Research Center, driving added value while enabling our customers' most critical missions.
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 $13 billion in revenue and a talent force of approximately 52,000, 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 Twitter.
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 27, 2019, 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, 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.
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