Aerospace Group:

Business/Financial

Jacobs To Spin Off Government Services Biz In Late 2024

Defense Daily Staff

Tuesday, May 9th, 2023

SHARE:

Jacobs To Spin Off Government Services Biz In Late 2024

Jacobs [J] said Tuesday it will spin off its Critical Mission Solutions business late next year. The segment includes the brain trust that coordinates Jacobs’ efforts to win big management and operations contracts at Department of Energy (DoE) nuclear-weapon sites, but that is only a small part of Critical Mission Solutions (CMS), which in 2022 had about $4.4 billion in revenue. Jacobs did not provide details about the future independent CMS’ structure. The company announced the spin off the same…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]