Jacobs Bags General Services Administration ASTRO Contract Awards

Jacobs Engineering Group Inc J has won seven awards on the General Services Administration's (GSA) ASTRO contract.
The multiple-award IDIQ contract has no defined ceiling value but is anticipated to have a multi-billion-dollar budget over its potential 10-year ordering period.
The ASTRO program, sponsored by the Department of Defense, will be managed by GSA's Federal Systems Integration and Management Center (FEDSIM).
ASTRO is shaped around ten functional domain areas, referred to as pools, each supported by unique primes and offerings. Jacobs' seven pools include data operations, mission operations, space, ground, development/systems integration, research, and training.
Price Action: J shares are trading lower by 1.53% at $136.16 on the last check Tuesday.

Overview Rating:

Speculative

0100