Stock Markets June 18, 2026 05:29 PM

Jacobs Secures $249 Million Firm-Fixed IDIQ for Naval Architectural-Engineering Work

Contract spans Virginia, Washington, D.C., and Maryland with performance through June 2031

By Sofia Navarro
Share
Twitter Reddit Facebook LinkedIn
J

Jacobs Government Services Co. has been awarded a $249 million firm-fixed price, indefinite-delivery/indefinite-quantity (IDIQ) contract by the U.S. Department of War to provide architectural-engineering services for the Naval Facilities Engineering Systems Command Washington area of operations. The award covers work in Virginia, Washington, D.C., and Maryland and includes a base period plus one option period with performance expected through June 2031.

Jacobs Secures $249 Million Firm-Fixed IDIQ for Naval Architectural-Engineering Work
J
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • Jacobs Government Services Co. awarded a $249 million firm-fixed price, IDIQ contract (N40080-26-D-1501) by the U.S. Department of War for architectural-engineering services.
  • Work locations are allocated as Virginia (40%), Washington, D.C. (20%), and Maryland (40%), with performance expected through June 2031.
  • Fiscal 2026 operations and maintenance (Navy) funding of $5,000 was obligated at award for the minimum guarantee; the procurement was competitive via SAM.gov with 10 offers and NAVFAC Washington is the contracting activity.

Jacobs Government Services Co. was awarded a $249 million contract by the U.S. Department of War to deliver architectural-engineering services in support of Naval Facilities Engineering Systems Command (NAVFAC) Washington operations.

The award is structured as a firm-fixed price, indefinite-delivery/indefinite-quantity contract under contract number N40080-26-D-1501. The agreement allows for task orders to be issued across multiple locations and encompasses a total maximum dollar value of $249 million, which includes the base period and one option period.

Work under the contract is slated to occur at a variety of sites, with the geographic distribution specified as Virginia - 40%, Washington, D.C. - 20%, and Maryland - 40%. Contract performance is expected to continue through June 2031.

At the time of award, fiscal 2026 operations and maintenance (Navy) funds in the amount of $5,000 were obligated to meet the contract's minimum guarantee. Those funds will expire at the end of the current fiscal year.

The procurement was conducted as a competitive process on the SAM.gov website, with the contracting action receiving 10 offers. NAVFAC Washington, based at the Washington Navy Yard in Washington, D.C., is identified as the contracting activity responsible for the award.

The contract type, geographic split, funding action and procurement details provide the explicit parameters for Jacobs' engagement with NAVFAC Washington. The scope as described is limited to architectural-engineering services under the IDIQ vehicle, with the stated financial ceiling and the one option period forming the contract's maximum potential value.

Beyond the contract mechanics, the award record notes only the obligated minimum guarantee funding amount and its expiration at fiscal year-end; no further funding increments or task order values are disclosed in the award notice.


Key takeaways:

  • Jacobs Government Services Co. received a $249 million firm-fixed IDIQ contract (N40080-26-D-1501) from the U.S. Department of War for architectural-engineering services.
  • Work is distributed across Virginia (40%), Washington, D.C. (20%), and Maryland (40%), with performance through June 2031.
  • Fiscal 2026 operations and maintenance (Navy) funds of $5,000 were obligated at award to satisfy the minimum guarantee; procurement was competitive via SAM.gov with 10 offers and NAVFAC Washington is the contracting activity.

Impacted sectors: defense contracting, architectural-engineering services, government procurement and federal infrastructure delivery.


Risks and uncertainties:

  • Limited initial funding - only $5,000 of fiscal 2026 operations and maintenance (Navy) funds were obligated at award to meet the contract minimum guarantee; additional task orders and funding are not disclosed and will determine the pace and scale of delivered work. (Impacts defense contracting and federal infrastructure budgets.)
  • Contract term and option structure - the maximum value includes a base period and one option period, and actual dollars drawn under the IDIQ will depend on future task orders and option exercise decisions. (Impacts planning for Jacobs and NAVFAC Washington.)
  • Competitive procurement context - the award followed a competition that received 10 offers, indicating a contested market for the work; subsequent task orders could reflect ongoing competition for specific projects. (Impacts market share among architectural-engineering firms serving federal clients.)

Risks

  • Only $5,000 in fiscal 2026 Navy operations and maintenance funds were obligated at award for the minimum guarantee; additional funding for task orders is not disclosed and will affect contract execution.
  • The contract's total $249 million figure reflects the base period plus one option period; actual revenue realization depends on future task orders and option exercises.
  • The award followed a competitive solicitation that drew 10 offers, indicating continued competition for task orders and potential pressure on margins for firms in the architectural-engineering sector serving federal clients.

More from Stock Markets

Lockheed Martin vs RTX: a deep dive on valuation, capital returns and which defense name is the cleaner value Aug 3, 2026 Restaurant Stocks Slide After Michigan Cyclospora Outbreak Claims Two Lives Aug 3, 2026 Citi names Bank of America veteran Rohan Sen to lead technology services coverage Aug 3, 2026 FAA Clears Boeing 737 MAX-7 for Production After Prolonged Review, Shares Jump 5% Aug 3, 2026 VF Corp CEO Buys Into Post-earnings Drop; Insider Move Tests Patience of Turnaround Investors Aug 3, 2026