Weapons Complex Monitor Vol. 28 No. 19
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Weapons Complex Monitor
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May 12, 2017

Jacobs Earnings Down in 2Q

By Dan Leone

Earnings at engineering services firm Jacobs, a support contractor at a number of Energy Department sites, fell more than 20 percent year over year to about $50 million for the fiscal second quarter ended March 31, the company said Tuesday.

Quarterly revenue rose 20 percent to about $2.8 billion, according to the company’s latest earnings press release.

Jacobs is part of the Leidos-led Mission Support Alliance team at DOE’s Hanford Site in Washington state. The joint venture provides emergency response and training, fleet and road upkeep, cybersecurity, and utility operations under a contract awarded in 2009 and potentially worth $3.6 billion over 10 years. The contract’s second option expires May 25, and a final two-year option would carry the pact through May 25, 2019.

Elsewhere in the weapons complex, Jacobs performs telecommunications and maintenance services under a subcontract awarded in 2016 by Savannah River Nuclear Solutions, which manages DOE’s Savannah River Site in South Carolina.

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