Home / Press Releases / Bill Weber: Upcoming $815M KeyW-Jacobs Combination Built on Growth Strategy, Organizational Fit

Bill Weber: Upcoming $815M KeyW-Jacobs Combination Built on Growth Strategy, Organizational Fit

Bill Weber

TYSONS CORNER, VA, May 1, 2019 — Bill Weber, president and CEO of KeyW (Nasdaq: KEYW), indicated the company’s planned $815M merger with Jacobs Engineering Group (NYSE: JEC) is in line with its effort to deploy capital in support of growth initiatives, ExecutiveGov reported April 22.

“In Jacob Engineering, we found an organization that values their people and leverages innovation on the same level that KeyW always has,” Weber said, according to the report.

Jacobs said April 22 the definitive merger agreement involves its cash acquisition of KeyW for $11.25 per share and is anticipated to build on the transformation of its aerospace, technology and nuclear business as well as market position in the delivery of government services, including in the areas of cyber and intelligence, surveillance and reconnaissance.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

Check Also

DoD Inspector General to Review JEDI Cloud Contract

The Department of Defense’s inspector general has formed a team of auditors to assess the potential 10-year, $10B Joint Enterprise Defense Infrastructure cloud computing contract, the Washington Post reported Tuesday.

Capgemini Government Solutions to Provide CoE IT Support Under GSA BPA; Doug Lane Quoted

TYSONS CORNER, VA, August 13, 2019 — Capgemini’s government solutions business has received a spot under a three-year blanket purchase agreement from the General Services Administration to be a vendor of information technology products and services to government agencies in support of IT modernization efforts, ExecutiveGov reported July 31.