Jacobs Named Construction Manager as Advisor of Fermilab's DUNE Near Site

Rhea-AI Summary

Jacobs (NYSE: J) has been selected as the Construction Manager as Advisor (CMa) for the Long-Baseline Neutrino Facility (LBNF) Near Site Conventional Facilities project at Fermilab in Batavia, Illinois. The company will provide project and construction management and safety oversight for facilities housing the Deep Underground Neutrino Experiment (DUNE) Near Detector.

This selection builds on Jacobs' decade-long relationship with Fermilab and showcases the company's expertise in complex underground infrastructure projects. The DUNE program is a major international scientific collaboration involving more than 1,400 scientists and engineers worldwide studying neutrinos with detectors in Illinois and South Dakota.

The total project cost exceeds $1 billion, with construction expected to begin in 2025. Jacobs brings significant experience from previous complex projects including the Grand Central Madison program and Thames Tideway Tunnel.

Jacobs currently generates approximately $12 billion in annual revenue and employs a team of almost 45,000 people delivering services across multiple sectors including advanced manufacturing, energy, environmental, and transportation.

Positive

• Secured major contract for $1+ billion scientific infrastructure project
• Builds on 10+ year relationship with Fermilab
• Leverages expertise in complex underground infrastructure
• Construction expected to commence in 2025
• Project showcases company's specialized capabilities in research facilities

Negative

• Project subject to government funding uncertainties
• Complex scientific project carries execution risks
• Potential exposure to inflation and interest rate fluctuations

Insights

Infrastructure Development Analyst

Jacobs' selection as Construction Manager as Advisor for Fermilab's $1+ billion LBNF Near Site project represents a strategically significant win that reinforces the company's position in the high-value scientific infrastructure market. This contract leverages Jacobs' specialized expertise in complex underground infrastructure and research facilities while potentially contributing meaningful revenue over the multi-year project lifecycle.

This appointment comes at a pivotal time for Jacobs, following their recent corporate restructuring that spun off their Critical Missions Solutions and Cyber & Intelligence government services businesses. The win demonstrates that Jacobs continues to successfully execute on its strategy of pursuing complex, high-margin technical projects that align with its core competencies in advanced infrastructure development.

From a financial perspective, while the specific contract value remains undisclosed, the scope suggests it represents a meaningful addition to Jacobs' project backlog. With construction commencing in 2025, revenue recognition will likely span several fiscal years, providing a stable contribution to the company's $12 billion annual revenue stream. The scientific infrastructure sector typically offers higher margins than conventional construction, potentially enhancing profitability metrics.

The contract's significance extends beyond immediate financial impact. The DUNE project's international profile and cutting-edge scientific nature positions Jacobs favorably for similar opportunities globally. As governments worldwide increase investments in scientific research infrastructure, this reference project strengthens Jacobs' competitive positioning in a specialized market with high barriers to entry.

Investors should note that complex scientific infrastructure projects carry execution risks, including potential schedule delays and technical challenges. However, Jacobs' demonstrated expertise in similar projects—including the Grand Central Madison program and Thames Tideway Tunnel—mitigates these concerns and indicates strong execution capability.

This win aligns with Jacobs' strategic focus on delivering high-value technical services in specialized sectors, reinforcing their market position as a premier infrastructure solutions provider capable of handling the world's most complex engineering challenges.

Complex infrastructure project will support facilities for the Deep Underground Neutrino Experiment at U.S. Department of Energy's Fermilab's Illinois site

DALLAS, Feb. 25, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was named the Construction Manager as Advisor (CMa) for the Long-Baseline Neutrino Facility (LBNF) Near Site Conventional Facilities project located at the U.S. Department of Energy's Fermi National Accelerator Laboratory (Fermilab) in Batavia, Illinois.

Fermilab is one of the premier U.S. particle physics and accelerator laboratories studying the mysteries of neutrinos, the most abundant particles that have mass in the universe. Jacobs will provide project and construction management and safety oversight support for above-and below-ground buildings and enclosures that house the Deep Underground Neutrino Experiment (DUNE) Near Detector and supporting infrastructure.

Jacobs has a long track record delivering complex underground and deep concrete infrastructure programs. Key projects include, Metropolitan Transportation Authority's Grand Central Madison program, the RiverRenew Tunnel Project, the Northgate Link Light Rail, the Ohio River Bridges East End Crossing Tunnel, and the Thames Tideway Tunnel (one of the largest water infrastructure projects ever undertaken in the U.K.).

"Building upon our 10+ years supporting Fermilab, our selection for this contract demonstrates Jacobs' experience delivering infrastructure projects for some of the world's most advanced scientific facilities," said Jacobs Executive Vice President Susannah Kerr. "This project particularly showcases our in-depth knowledge in deep surface excavation and foundation systems, construction of complex research facilities, construction safety and intricate concrete structures and directly supports the potential for scientific discovery."

"The DUNE program and LBNF facility will perform incredible, world-leading science enabled by an amazing and complex experiment system constructed in both Illinois and South Dakota," said LBNF/DUNE-US Project Director Jim Kerby. "Because of this, the construction of the science facilities require excellence at every level of engineering through execution. This is an important step in realizing the long-term performance of LBNF/DUNE."

As the host laboratory for DUNE, Fermilab is collaborating with funding agencies and more than 1,400 scientists and engineers worldwide to study neutrinos using massive neutrino detectors at Fermilab in Illinois and the Sanford Underground Research Facility in South Dakota. The total project cost exceeds $1 billion. Construction is expected to commence in 2025.

At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook. 

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to the impact of the recently completed separation transaction pursuant to which we spun off and merged our Critical Missions Solutions and Cyber & Intelligence government services businesses with Amentum  (together, "new Amentum ") on Jacobs' and new Amentum's businesses, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation related to governmental spending, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others, and the impact of any future pandemic or infectious disease outbreak, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

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FAQ

What role will Jacobs (J) play in Fermilab's DUNE Near Site project?

Jacobs will serve as the Construction Manager as Advisor (CMa), providing project and construction management and safety oversight support for the facilities housing the DUNE Near Detector and supporting infrastructure.

When is construction expected to begin on the Fermilab LBNF project that Jacobs (J) will manage?

Construction on the Long-Baseline Neutrino Facility (LBNF) project is expected to commence in 2025.

What is the total cost of the DUNE project that Jacobs (J) will be involved with?

The total project cost for the Deep Underground Neutrino Experiment (DUNE) exceeds $1 billion.

How many scientists and engineers are collaborating on the DUNE project that Jacobs (J) will support?

More than 1,400 scientists and engineers worldwide are collaborating on the DUNE project to study neutrinos.

What similar complex infrastructure projects has Jacobs (J) completed before the Fermilab contract?

Jacobs has completed projects including Metropolitan Transportation Authority's Grand Central Madison program, RiverRenew Tunnel Project, Northgate Link Light Rail, Ohio River Bridges East End Crossing Tunnel, and Thames Tideway Tunnel.

How long has Jacobs (J) been supporting Fermilab before winning this DUNE Near Site contract?

Jacobs has been supporting Fermilab for over 10 years, according to the press release.