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Business/Financial

Presentation Details Jacobs’ Government Contracting Biz, Now On The Sales Block

Defense Daily Staff

Thursday, October 12th, 2023

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Presentation Details Jacobs’ Government Contracting Biz, Now On The Sales Block

Jacobs’ [J] government contracting segment, which is up for sale, accounted for 42 percent of the entire company’s business in fiscal year 2022, according to a recent investor presentation. Another Department of Energy weapons complex contractor, Amentum, is reportedly in the running to acquire Jacobs’ contracting business. There are at least two other suitors in the running, investment houses Veritas Capital and Platinum Equity. Neither of those replied to a request for comment Tuesday afternoon. Amentum has previously declined to comment. Among…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]