Jacobs Engineering to acquire Verizon's FNS subsidiary

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Jacobs Engineering Group (JEC) has entered into an agreement to acquire Federal Network Systems, a subsidiary of Verizon Communications (VZ) headquartered in Ashburn, Va. Company officials did not disclose the terms of the agreement, but noted that the closing of the transaction is subject to various conditions and is expected to occur in the summer of 2014. FNS provides systems integration and communication, information technology and data security solutions for the global market; with particular focus on supporting the Intelligence Community, the Department of Defense, and federal civilian customers.

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