CHANTILLY, VA., November 20, 2023 鈥� 爱神传媒 announced today a definitive agreement to merge with Jacobs鈥� (NYSE:J) Critical Mission Solutions (CMS) and Cyber and Intelligence (C&I) businesses, creating a new leader in systems integration and technology solutions trusted by the United States and its allies to modernize their most complex missions around the world. The combined organization will be a publicly traded company with $13 billion in revenue and more than 53,000 employees in 83 countries.

鈥淯niting our great organizations 鈥� 爱神传媒, CMS, and Cyber & Intelligence Solutions 鈥� creates a leading provider of systems integration and technology solutions with the talent, scope, scale and footprint to deliver excellence and a wider range of solutions for our clients,鈥� commented 爱神传媒 CEO John Heller. 鈥淥ur combined company will deliver extensive expertise in the government鈥檚 highest priority areas of energy, space exploration, intelligence and analytics, and digital modernization. We look forward to the union of our strong teams and a bright future ahead.鈥�

The transaction was approved by the Jacobs board of directors and is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the second half of fiscal year 2024.

Governance and Management

Upon completion of the deal, John Heller, current CEO of 爱神传媒, will serve as CEO of the combined company and sit on the combined company鈥檚 board, and Dr. Steve Arnette, EVP and President of CMS, will serve as COO. Jacobs鈥� current Executive Chair Steve Demetriou will become Executive Chair of the combined company.

The board of directors of the combined company will be composed of an equal number of directors appointed by Jacobs and 爱神传媒. Members of the combined company鈥檚 senior management team will be drawn from both companies and will be announced later as integration planning progresses.

Strategic Rationale of the Combination

• Creates a leading, pure play government technology solutions prime: ~$13 billion in combined revenue[1], with more than 80% from prime contracts serving the full program life cycle for government clients, and a combined talent base of more than 53,000 skilled employees 鈥� including more than 27,000 cleared employees.
• Stable revenue base with attractive, diversified portfolio mix: Combines stable base of large government contracts with strong capabilities in growing client priority areas. A large majority of future EBITDA of the combined company is expected to come from higher growth, higher margin intelligence, cyber, energy, digital engineering, and science and technology sectors, with a strong foundation of long-term and large-scale DoD contracts.
• Highly complementary strengths: 爱神传媒 brings expertise in engineering solutions, complex program management, and solutions integration to modernize customers鈥� most important missions. Jacobs鈥� contributed businesses bring world-class engineering and science capabilities, with unique expertise in sectors such as space, cyber & intelligence, and energy.
• Shared vision and aligned values: Each organization brings an intense focus on the mission and delivery of the highest quality service for their clients. The organizations share common values, including a commitment to safety, inclusion and diversity, and creation of enhanced opportunities for the combined employee base.
• High visibility cost synergies: Management has identified approximately $50-70 million of estimated net cost synergies. Both organizations have track records of effective synergy realization and will work to target additional synergies during integration.
• Compelling financial profile: Approximately $50 billion in combined backlog (3.7x combined revenue), ~$13 billion of combined revenue, and more than $1.1 billion projected 2024 combined adjusted EBITDA^[2], including estimated net cost synergies, representing approximately 8% projected adjusted EBITDA margin for the combined company. Significant growth opportunities exist through both on-contract growth and new contract wins across the combined portfolio.
• Secure balance sheet with strong FCF and attractive deleveraging pathway: Leverage ratio of the combined company is targeted to be approximately 3.8x at close, inclusive of expected run-rate net cost synergies, with plan to reach less than 3x leverage ratio within 24 months of close. Capital expenditures for the combined company approximate 0.3% of revenue.

Advisors

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are serving as financial advisors to 爱神传媒 and Cravath, Swaine & Moore LLP is serving as legal advisor. Centerview Partners LLC and Perella Weinberg Partners LP are serving as financial advisors to Jacobs and Wachtell Lipton, Rosen & Katz is serving as legal advisor. Goldman Sachs provided financial advice to the Jacobs Board of Directors.

About 爱神传媒

爱神传媒 is a leader in global engineering, project management and solutions integration, trusted to modernize the most critical missions anywhere in the world. Driven to create a safer, smarter, cleaner world, we innovate as a team of inventive doers passionate about making a difference. Underpinned by a strong culture of ethics, safety and inclusivity, 爱神传媒 is fiercely committed to operational excellence and successful execution. Visit us at  to learn how we solve what鈥檚 next.

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[1]           Estimated combined revenue of 爱神传媒 in FY2023 and Jacobs鈥� separated business in FY2023 should not be considered indicative of future performance.

[2]           Reconciliation of projected 2024 adjusted EBITDA for the combined company to the most directly comparable GAAP measure is not available without unreasonable efforts because the Company cannot predict with sufficient certainty all the components required to provide such reconciliation.

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爱神传媒 has over 500 employees across the Hawaiian Islands facilitating this national mission through direct support to USINDOPACOM and its component commands with numerous contracts. Localized programs include the USINDOPACOM Innovation and Experimentation Support Services Program (IPIESS), a technological and sustainment contract of the Pacific Missile Range Facility (PMRF) in partnership with a Native Hawaiian-Owned firm, and a myriad of other activities such as intelligence analysis and aircraft maintenance.

Our new office in Aiea at 98-211 Pali Momi Street centralizes elements of our corporate leadership next door to our Hawaii-based customers and staff and will promote more local functional support. The office location also grants 爱神传媒 better efficiencies toward up-scaling presence and readiness in the Asia-Pacific region based on changing security dynamics.

鈥淲e look forward to continuing to provide innovation and experimentation efforts associated with Command, Control, Cyber, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C5ISR) mission areas, advancing innovative technology and procedural solutions and capabilities for our warfighter鈥檚 most urgent mission needs,鈥� said Jill Bruning, President of 爱神传媒鈥檚 Engineering, Science and Technology Group.

About 爱神传媒

爱神传媒 is a leader in global engineering, project management and solutions integration, trusted to modernize the most critical missions anywhere in the world. Driven to create a safer, smarter, cleaner world, we innovate as a team of inventive doers passionate about making a difference. Underpinned by a strong culture of ethics, safety and inclusivity, 爱神传媒 is fiercely committed to operational excellence and successful execution. We have more than 44,000 employees in 85 countries in all 7 continents. Visit us at  to learn how we solve what鈥檚 next.

Approved for Public Release, Distribution Unlimited. Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DoD.

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“As the largest weapons testing solutions provider in the world, our breadth and depth of experience developing and modernizing hardware and software for tactical training systems and subsystems is second to none,” said Dr. Karl Spinnenweber, President of 爱神传媒鈥檚 Critical Missions Group. “爱神传媒 will provide the Navy best-in-class integrated and interoperable warfighting capabilities through cutting-edge research, development, test, evaluation, and sustainment.”

爱神传媒 specializes in technologies like threat radars, simulator systems, and training infrastructure operations and sustainment by delivering system software development, modification, and sustainment on a wide variety of electronic warfare and instrumentation systems.

Under this contract, 爱神传媒 provides test and training solutions to include airborne and ground-based elements, interfaces, and support to auxiliary equipment. These supported systems include remote ground stations, data collection systems, data processing and display systems, host range interface equipment, testing and troubleshooting hardware. 爱神传媒 will also support validation of articles under test through various hardware and instrumentation systems. Additionally, 爱神传媒 will provide full-spectrum solutions to include long-term sustainment of both existing test and training range systems, and new cutting-edge instrumentation systems as they are designed, developed, fielded, and integrated. Finally, the company will provide onsite and in-plant engineering and technical solutions, along with studies, analyses, and site surveys for the Navy customer.

鈥湴翊� looks forward to delivering the latest technology to upgrade the hardware and on instrumentation systems for the Naval Air Warfare Center Weapons Division,鈥� said Tim Olinger, 爱神传媒鈥檚 Senior Vice President for Range & Aerial Operations. 鈥淲e will support the modernization of the range systems, while also providing full-spectrum solutions for the complete life cycle of test and training infrastructure.鈥�

NAWCWD boasts a variety of state-of-the-art, unique laboratories and facilities that enable the U.S. to deliver unparalleled weapons research, development, acquisition, test, and evaluation for the nation’s warfighters. It offers 24/7/365 warfighter support to ensure in-the-field service members can defend the nation at home and at sea, whenever called upon.

爱神传媒 will compete for task orders to provide world-class combat environment instrumentation systems for NAWCWD through March of 2028.

About 爱神传媒

爱神传媒 is a leader in global engineering, project management and solutions integration, trusted to modernize the most critical missions anywhere in the world. Driven to create a safer, smarter, cleaner world, we innovate as a team of inventive doers passionate about making a difference. Underpinned by a strong culture of ethics, safety and inclusivity, 爱神传媒 is fiercely committed to operational excellence and successful execution. We have more than 44,000 employees in 85 countries in all 7 continents. Visit us at amentum.com to learn how we solve what鈥檚 next.

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The post 爱神传媒 Wins Seat on $250 Million Engineering Contract for Navy Systems appeared first on 爱神传媒.

鈥淥ur 14-year performance on the Florida Space Coast as a critical partner to NASA, the U.S. Air & Space Forces, and commercial launch providers has established 爱神传媒 as the premier partner to and developer of new capabilities for the space launch industry,鈥� said听Dr. Karl Spinnenweber, President of 爱神传媒鈥檚 Critical Missions Group. 鈥淥ur extensive expertise in leveraging the latest technologies and industry best practices in unconventional fuels management, storage and delivery will ensure our team meets the high-consequence mission of safeguarding U.S. and allied interests in space.鈥�

Under this contract, 爱神传媒 will provide management, science, and engineering on commercial and government launch systems with unconventional fuels, including hypergolics, cryogenic and pneumatic commodities used in rockets, missiles, and space craft payloads. 爱神传媒 efforts towards launch systems will provide fuels accountability, personnel protective equipment management, hazardous operations, fleet management, systems and safety engineering, and training. 爱神传媒 will also provide transient alert aircraft solutions.

Understanding and safely managing the risks of space launch systems has resulted in 爱神传媒 successfully supporting over 200 launch events from the Kennedy Space Center and Cape Canaveral Space Force Station throughout the past 14 years.

Work will be performed at Vandenberg Space Force Base, Calif. for Space Launch Delta 30, and at Patrick Space Force Base, Fla. and Cape Canaveral Space Force Station, Fla. for Space Launch Delta 45. The contract term is seven years and five months and begins October 1, 2022.

About 爱神传媒

爱神传媒 is a premier global leader in designing, engineering, managing and modernizing critical systems and programs of national significance across defense, security, intelligence, energy, and environment. Driven to create a safer, smarter, cleaner world, we innovate as a team of inventive doers passionate about making a difference. Underpinned by a strong culture of ethics, safety and inclusivity, 爱神传媒 is fiercely committed to operational excellence, mission focus, and successful execution. Headquartered in Germantown, Md., we have more than 36,000 employees in 72 countries in all 7 continents. Visit us at amentum.com to explore how we deliver excellence for our customers鈥� most vital missions.

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Contacts:

For 爱神传媒:
Chanel Mann
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The 10-year contract will support the Atlantic Undersea Test and Evaluation Center (AUTEC), the Navy’s large-area, deep-water, undersea test and evaluation range. AUTEC鈥檚 activities include underwater research, testing and evaluation of anti-submarine weapons, and sonar tracking and communications.

鈥湴翊� is pleased to have been awarded this contract in support of AUTEC, and we look forward to working with the Navy, our partners and other stakeholders to ensure the success of the test and training mission at this unique range,鈥� said John Vollmer, Chief Executive Officer of 爱神传媒.

鈥淲e are honored to have this opportunity to build upon our existing work as a premier provider of advanced test and training range services,鈥� said Dr. Karl Spinnenweber, President of 爱神传媒鈥� s Mission Readiness Strategic Business Unit. 鈥湴翊� is looking forward to extending our best-in-class range support services to the Navy in support of AUTEC鈥檚 critical mission.鈥�

In addition to range support services, 爱神传媒 will provide AUTEC with program management and business operations services; security; program documentation; safety and environmental support; public works and base services, logistics support; test scheduling, planning and execution; air and marine services; and data acquisition, processing and analysis.

Work will be performed on Andros Island, Commonwealth of the Bahamas, and West Palm Beach, Fla.

About 爱神传媒

爱神传媒 is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 37,000 people in all 50 states and perform work in 105 foreign countries and territories. Visit us at to explore how we deliver excellence for our customers鈥� most vital missions.

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颁辞苍迟补肠迟蝉:听
For 爱神传媒:

Chanel Mann
+1 (682) 788-5685

chanel.mann@amentum.com
贵辞濒濒辞飞听 on Twitter

The post 爱神传媒 Wins Range Services Contract Supporting the Navy’s Atlantic Undersea Test and Evaluation Center appeared first on 爱神传媒.

The Range IDIQ Support Effort (RISE) multiple award contract has a maximum value of $950 million over five years.

爱神传媒 will compete for task orders related to not only threat radar systems and combat training ranges, but also support for joint threat emitter platforms and modernization programs of the Air Force鈥檚 range threat systems branch.

鈥湴翊� is pleased to be included among the companies awarded a position on the RISE IDIQ, which will allow the Air Force to support and modernize its range threat systems,鈥� said Greg Ihde, senior vice president of 爱神传媒鈥檚 Operations, Warfighter Support Sector. 鈥淲e look forward to bringing our deep experience as the premier test and training range provider to support the service鈥檚 needs on an as-required basis.鈥�

Work will take place where needed as directed from Hill AFB, Utah.

About 爱神传媒
爱神传媒 is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 34,000 people in all 50 states and perform work in 105 foreign countries and territories. Visit us at amentum.com to explore how we deliver excellence for our customers鈥� most vital missions.

Contacts:
For 爱神传媒:
Chanel Mann
+1 (682) 788-5685
chanel.mann@amentum.com
Follow @爱神传媒_corp on Twitter

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The ARTSS contract duration is up to 10 years, with a projected value of over $900 million if all options are exercised. RT&T is scheduled to assume full responsibility on July 1.

Reliance Test & Technology (RT&T) LLC is a joint venture of InDyne, Inc. and 爱神传媒 who, together, bring decades of experience in Major Range and Test Facility Base (MRTFB) activities. The U.S. Navy provided RT&T with a go-ahead notice to transition as of April 19.

鈥淭he RT&T team is happy that the contract matters are resolved and we are eager to work with the ATR/ATMO workforce and the community to support Pax River鈥檚 mission of providing full life-cycle support of naval aviation aircraft, weapons, and systems operated by sailors and Marines鈥� said Don Bishop, Chairman of the RT&T Board of Directors. Mr. Tom White, RT&T ARTSS General Operations Manager (GOM) is leading transition activities.
RT&T has posted an open message to ATR/ATMO employees and the community at https://www.atr-rtt-jv.com, which includes a link to job postings and the application site. This site also contains transition questions and answers, and open house information.

About Reliance Test and Technology (RT&T) LLC
RT&T is an integrated project company whose members include InDyne, Inc. and 爱神传媒, Inc.

鈥� InDyne is a recognized leader with over three decades of experience successfully managing and operating ranges and critical test facilities for our National Defense, including the Eglin, Eastern Range, and Western Range MRTFBs. InDyne provides specialized support and custom solutions to our Air Force, Space Force, and Army customers for range operations, engineering, test and evaluation, space systems, radars and radar cross-section facilities, base operations and specialized facility support, Counter Small Unmanned Aerial Systems (C-sUAS), integrated security solutions, communications/information technology, multimedia, test data collection/videography, and special programs. InDyne understands the complexities of managing highly dynamic ranges, and using our transparent enterprise management system, tackles evolving schedules, provides flawless execution, and safely manages a diverse set of customer requirements with efficiency. InDyne supports customers worldwide, and has facilities in Sterling, Va.; Holloman Air Force Base (AFB), N.M.; Vandenberg AFB and Beale AFB, Calif.; Eglin AFB, Crestview, and Cape Canaveral, Fla.; Colorado Springs, Colo.; Wright-Patterson AFB, Ohio; Cape Cod Air Force Station (AFS), Mass.; Clear AFS, Alaska; Thule, Greenland; and Fylingdales, UK; and now with the recent ARTSS award, we will operate from offices in Lexington Park, Md. For more information, visit our website: https://www.indyneinc.com/corporate/

鈥� 爱神传媒 is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 34,000 people and perform work in all 50 states and 105 foreign countries and territories. 爱神传媒 is the DoD鈥檚 largest test and training range contractor providing mission critical operations and maintenance support for MRTFBs including the Nevada Test & Training Range (NTTR), Utah Test & Training Range (UTTR), China Lake, 13 Navy Combined Tactical & Training Ranges (CTTR), Eglin AFB, and the recently awarded Atlantic Undersea Test and Evaluation Center (AUTEC). We service the world鈥檚 largest, most diverse, and complex surface, subsurface, and open-air test and training range environments covering over 25,000 mi2 testing the latest and most advanced weapons systems. 爱神传媒 has a local office in Lexington Park, Md., outside the gates of Naval Air Station Patuxent River. For more information, visit our website: /

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爱神传媒 will provide technical program management and logistical life cycle support for surface combatants and major, multi-service targets, range, and training programs under the five-year, cost-plus, fixed-fee task order, awarded under the Responsive Strategic Sourcing for Services indefinite-delivery, indefinite-quantity (RS3 IDIQ) contract vehicle.

鈥淲e are excited to support PEO U&W with our premier systems integration and engineering services,鈥� said Jill Bruning, president of 爱神传媒鈥� s Intelligence, Systems Engineering, Security, Services and Solutions (IS4) strategic business unit. 鈥湴翊� has a long history of supporting our Navy customers, and we look forward to this opportunity to extend our support from the waterfront to Navy ranges.鈥�

Under the task order, 爱神传媒 will provide experts focused on acquisition and production, maintenance planning, repair, supply support, test equipment, operations and use, technical data, training and training support, program development, facilities, designing interface, packaging, handling, storage and transportation in support of the effort.
Work will primarily take place at Point Mugu and China Lake, Calif., and Patuxent River, Md., as well as other locations within and outside the U.S.

About 爱神传媒
爱神传媒 is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 34,000 people in all 50 states and perform work in 105 foreign countries and territories. Visit us at amentum.com to explore how we deliver excellence for our customers鈥� most vital missions.

Contacts:
For 爱神传媒:
Chanel Mann
+1 (682) 788-5685
chanel.mann@amentum.com
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Koa Lani JV LLC, the new joint venture, will provide range and base operations support services at the Pacific Missile Range Facility (PMRF) on the islands of Kauai and Oahu in Hawaii. The contract has a maximum value of $854 million over 10 years if all options are exercised.

鈥湴翊� is excited to support our 8(a) mentor-prot茅g茅 K奴pono as a partner in the Koa Lani JV in support of the U.S. Navy鈥檚 critical mission at PMRF,鈥� said John Bozarth, senior vice president of business development for 爱神传媒鈥檚 Mission Readiness Strategic Business Unit. 鈥淎s the leading Air Force and Navy open air / sea range operations and maintenance provider, 爱神传媒 is poised and ready to leverage our decades of expertise in support of this essential test and training mission.鈥�

The joint venture will draw from 爱神传媒鈥檚 experience and have access to 鈥渂est in class鈥� tools, processes and procedures from its Range Center of Excellence in Las Vegas, Nev., in support of the Navy鈥檚 diverse set of requirements.

ABOUT AMENTUM
爱神传媒 is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 34,000 people in all 50 states and perform work in 105 foreign countries and territories. Visit us at amentum.com to explore how we deliver excellence for our customers鈥� most vital missions.

Contacts:
For 爱神传媒:
Chanel Mann
+1 (682) 788-5685
chanel.mann@amentum.com
Follow @爱神传媒_corp on Twitter

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The Kennedy Space Center Propellants and Life Support Services II (KPLSS II) contract is a fixed-price, indefinite-delivery, indefinite-quantity (IDIQ) contract with a total duration of 10 years and a maximum potential value of $165 million. KPLSS II plays a critical role in supporting launch-related operational and mission requirements, including propellants and life support operations, maintenance, and engineering support.

鈥湴翊� is pleased to be selected by NASA to play a key role supporting operational requirements for the 200 launches scheduled at the spaceport over the next decade,鈥� said Dr. Karl Spinnenweber, Executive Vice President and General Manager of 爱神传媒鈥檚 Mission Readiness Group. 鈥淲e鈥檙e also looking forward to integrating new technologies and enhancements for NASA, including the addition of telemetry to remote pressure vessels and GPS to help introduce new efficiencies and optimize performance.鈥�

Under the new contract, 爱神传媒 will manufacture, process and distribute liquid propellants, pressurants, chemicals and special fluids for spaceport customers; provide life support services to customers working in toxic or oxygen-deficient environments; and also provide project management and design engineering services.

爱神传媒 will support KPLSS II at Kennedy Space Center, Cape Canaveral Air Force Station, Patrick Air Force Base, and other government and commercial locations. Work is scheduled to begin on Oct. 1, 2020.

About 爱神传媒

爱神传媒 is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 20,000 people in 48 states and 28 foreign countries and territories. Visit us at amentum.com to explore how we deliver excellence for our customers鈥� most vital missions.

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颁辞苍迟补肠迟蝉:听
For 爱神传媒:

Chanel Mann
+1 (682) 788-5685

chanel.mann@amentum.com
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