Jacobs Makes Minority Investment In Geospatial Analytics Company 'Hawkeye 360'

Jacobs Engineering Group Inc (NYSE:J) made a strategic minority investment in HawkEye 360, a provider of commercially available precise mapping of global radio frequency (RF) emissions. Financial terms not disclosed.
Jacobs and HawkEye 360 have also entered into a distribution arrangement under which Jacobs will enhance its digital intelligence suite of technologies and solutions with HawkEye 360's RF spectrum analytics and collection automation offering.
"Hawkeye 360's satellite constellation and intuitive RF analytics platform is a game-changer for consumers of geospatial intelligence (GEOINT)," said Jacobs Critical Mission Solutions SVP of Cyber & Intelligence Caesar Nieves.
The parties also intend to leverage their new relationship to identify additional opportunities for collaboration.
Price Action: J shares are trading 1.42% higher at $144.65 on the last check Monday.

Benzinga