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Technical services company Jacobs Solutions Inc (NYSE:J) has been chosen as a prime supplier of cyber security solutions to the U.K. Ministry of Defence (MOD).
Jacobs and its specialist suppliers will provide maintenance, design and support of secure system architecture, cryptographic systems and security, including testing and evaluation of technical and non-technical security features.
The contract has been awarded under the Digital and IT Professional Services (DIPS) Framework.
The DIPS framework, procured with assistance from the Crown Commercial Service (CCS), has a potential value of $1.52 billion (£1.2 billion) and runs until November 2027.
“It reflects our team’s experience and commitment to supporting the critical needs of the MOD and provides another opportunity for Jacobs to further contribute to the nation’s defense and security initiatives,” said Executive Vice President Steve Arnette.
Price Action: J shares closed lower by 1.39% at $142.97 on Wednesday.
Posted In: J
