The KeyW acquisition supports Jacobs' mission to expand its aerospace, nuclear and technology (ANT) division, the company said. It also could help Jacobs bolster its U.S. federal cybersecurity solutions market reach.
Jacobs currently works with defense, intelligence and law enforcement communities to help organizations safeguard their sensitive data against cyberattacks, the company said. Meanwhile, the KeyW acquisition could help Jacobs capitalize on a U.S. federal cybersecurity market that is projected to grow.
U.S. federal cybersecurity market revenues are projected to increase at a compound annual growth rate (CAGR) of 12 percent between 2017 and 2022, industry analyst Market Research Media stated. Also, these revenues could total $22 billion by 2022.
KeyW: Here's What You Need to Know
KeyW provides integrated cybersecurity solutions to support offensive cyberspace operations (OCO) and defensive cyberspace operations (DCO). The company performs cyber mission training and exercises and provides a variety of cybersecurity offerings, such as:
- Incident response services.
- Network vulnerability identification and documentation.
- Penetration testing.
- Risk assessments.
- Virtual and physical network design, development and installation.
KeyW recorded total revenue of $506.8 million in fiscal year 2018, up 14.8 percent year over year. The company also has projected its total revenue will fall between $510 million and $530 million in FY19.