Close Menu
WashingtonExec
    Podcast Episodes
    LinkedIn Facebook X (Twitter) Instagram YouTube
    LinkedIn Facebook X (Twitter) Instagram YouTube
    WashingtonExec
    Subscribe To The Daily
    • News & Headlines
    • Executive Councils
    • Videos
    • Podcast
    • Events
      • 🏆 Chief Officer Awards
      • 🏆 Pinnacle Awards
    • About
    • Contact Us
    LinkedIn YouTube X (Twitter)
    WashingtonExec
    You are at:Home»News»Contract Awards»Jacobs to Separate its Critical Mission Solutions Business
    Contract Awards

    Jacobs to Separate its Critical Mission Solutions Business

    By Staff WriterMay 11, 2023
    Share
    LinkedIn Facebook Twitter Email
    Bob Pragada, Jacobs

    Jacobs Solutions Inc.’s board of directors has unanimously approved a plan to separate its Critical Mission Solutions business from Jacobs, to create two independent companies.

    “Today’s announcement is a significant milestone in our long record of taking bold actions to drive value creation,” said Jacobs’ CEO Bob Pragada. “By separating CMS, we will streamline our business portfolio and transform Jacobs into a higher-growth, higher-margin company more closely aligned with key global mega trends and growth sectors.”

    As separate companies, Jacobs and the CMS business can pursue individualized strategies and operational initiatives specific to the industries in which they operate.

    The company said they’ll also have tailored capital allocation and structure, including equity, directed toward their respective growth opportunities. The move will strengthen the ability to attract and retain top talent through incentive programs more closely aligned with individual business performance.

    Following the separation, Jacobs will continue to be a technology-enabled solutions provider focused on addressing complex critical infrastructure and advanced manufacturing challenges.

    CMS, which generated approximately $4.4 billion in revenue in fiscal year 2022, provides technical consulting, applied science research, training, intelligent asset management and program management services to federal agencies.

    The proposed capital structure, governance and other matters relating to CMS are still being determined and will be communicated later, the company said.

    Jacobs aims to complete the separation in the second half of fiscal year 2024.

    Previous ArticleTop DOD Execs to Watch in 2023: Peraton’s Mike Danick
    Next Article 2023 Chief Officer Awards Winners Revealed

    Related Posts

    RELI Group Taps Atul Singh as CTO

    SAIC, ServiceNow Launch Risk Reduction Effort for Mission Ops

    Top DOD Execs to Watch in 2025: GRVTY’s Michelle Tobin

    Comments are closed.

    LinkedIn Follow Button LinkedIn Logo Follow Us on LinkedIn
    2025 Chief Officer Awards - Winners Revealed
    Latest Industry Leaders

    Top Health Care Execs to Watch in 2025

    Top Cyber Execs to Watch in 2025

    Load More
    Latest Posts

    RELI Group Taps Atul Singh as CTO

    July 7, 2025

    SAIC, ServiceNow Launch Risk Reduction Effort for Mission Ops

    July 7, 2025

    Top DOD Execs to Watch in 2025: GRVTY’s Michelle Tobin

    July 7, 2025

    BAE Systems’ DevSecOps Solution Achieves ‘Awardable’ Status in DOD Marketplace

    July 7, 2025

    Top DOD Execs to Watch in 2025: Sigma Defense’s Matt Jones

    July 7, 2025
    Quick Links
    • Executive Councils & Committees
    • Chief Officer Awards
    • Pinnacle Awards
    • Advertise With Us
    • About WashingtonExec
    • Contact
    Connect
    • LinkedIn
    • YouTube
    • Facebook
    • Twitter

    Subscribe to The Daily

    Connect. Inform. Celebrate.

    Copyright 2023 © WashingtonExec, Inc. | All Rights Reserved. Powered by J Media Group

    Type above and press Enter to search. Press Esc to cancel.