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

NTT Data to Help Manage CDC IT Infrastructure Under $114M Contract; Tim Conway Quoted

TYSONS CORNER, VA, October 10, 2019 — A public sector division of NTT Data Services won a potential five-year, $114M contract to provide information technology infrastructure management support to the Centers for Disease Control and Prevention, ExecutiveBiz reported Sept. 30.

CTC Receives SAIC Contract to Manufacture Hulls for USMC Armored Recon Vehicles; Ed Sheehan Quoted

TYSONS CORNER, VA, October 8, 2019 — Concurrent Technologies Corp. has received a $1.2M contract from Science Applications International Corp. (NYSE: SAIC) for hull design and construction services in support of two of SAIC’s armored reconnaissance vehicles, which are intended for the U.S. Marine Corps, ExecutiveBiz reported Sept. 25.