Jacobs Wins Military Consulting Contract

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Jacobs Engineering Group Inc. on Tuesday said it was chosen to provide systems engineering and technical assistance for the U.S. Army’s Program Executive Office.

The office, also known as PEO Soldier, supplies high-tech equipment for combat soldiers, such as surveillance equipment, protective gear and weapons. The contract has one base year and two one-year options, with a potential value of $157 million.

“This contract provides an excellent opportunity to build upon our longstanding relationship with the Army,” Jacobs Group Vice President Robert Norfleet said in a statement.

Shares were down 30 cents, or less than 1 percent, to $44.45 in midday trading on the Nasdaq.

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