Jacobs Selected to Support Idaho Airport Expansion

Rhea-AI Summary

Jacobs (NYSE: J) has been selected by the Boise Airport to support its multi-year capital expansion plan, responding to an 81% increase in passenger demand over the past decade. The project includes the construction of Concourse A, renovation of Concourse B, and potential terminal facility improvements.

As the owner's representative, Jacobs will oversee planning, design, and initial operations. The design phase for both concourses will begin in 2025. The expansion aims to accommodate growing demand in Idaho's capital, which currently connects to 27 non-stop destinations.

Jacobs, ranked No. 2 in Transportation by Engineering News-Record, brings expertise from major projects including Denver International Airport, Hartsfield-Jackson Atlanta International Airport, and the Manchester Airport Transformation Program. The company reports approximately $12 billion in annual revenue with a workforce of almost 45,000.

Positive

• Secured major airport expansion contract as owner's representative
• Project addresses significant market growth with 81% passenger increase
• Strengthens presence in transportation infrastructure sector
• Demonstrates continued success in securing government infrastructure projects

Negative

• None.

Insights

Financial Analyst

Jacobs (NYSE: J) has secured a strategically valuable contract with Boise Airport to lead its multi-year capital expansion program addressing an 81% passenger growth surge over the past decade. While financial terms remain undisclosed, this represents a positive development in Jacobs' core infrastructure business following its recent spin-off of government services operations.

The timing of this win demonstrates Jacobs' continued execution in its transportation segment, where it ranks #2 according to Engineering News-Record. This contract adds to their already impressive airport portfolio including Denver International, Hartsfield-Jackson Atlanta International, and Manchester Airport (UK). With design work commencing in 2025, this provides immediate pipeline enhancement with potential for long-term relationship development.

The Boise project aligns perfectly with Jacobs' infrastructure-focused strategy, targeting stable, long-cycle revenue opportunities less susceptible to economic fluctuations. While likely modest relative to Jacobs' annual revenue of approximately $12 billion, the project reinforces their competitive position in transportation infrastructure modernization and establishes another foothold in a growing regional market. The comprehensive scope—encompassing owner's representation, planning, design, and operations oversight—maximizes value capture across multiple project phases.

Improvements will modernize infrastructure to meet growing demand in the state's capital

DALLAS, March 11, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was chosen by the Boise Airport to support its multi-year capital expansion plan, including the construction of Concourse A, the renovation of Concourse B and potential improvements to other terminal facilities to accommodate an 81% increase in passenger demand during the past decade.

Jacobs will provide professional services tailored to the airport's needs, serving as the owner's representative for the airport and overseeing planning, design and initial operations.

"Keeping up with growth is critical for furthering economic development in this growing region," said Jacobs Senior Vice President Eva Wood. "We bring extensive expertise in managing complex infrastructure projects to meet increases in passenger demand, improve the passenger experience and help prepare the state's capital and largest metropolitan area for future growth." 

Boise Airport continues to grow in criticality to the economic development of Idaho – connecting the state's capital with flights to 27 non-stop destinations over the past year. The design phase for the Concourse A Development and Concourse B Renovation projects will commence in 2025.

"We look forward to working with Jacobs on key elements of the BOI Upgrade Program, aimed at right sizing the airport and growing in pace with our community," said Boise Airport Deputy Director of Engineering Beth Sumner. "We appreciate the experience and expertise Jacobs brings to our program."

Ranked as No. 2 in Transportation by Engineering News-Record, Jacobs helps clients move people, goods and freight – whether by air, sea, underground or even through mountains. Jacobs' solutions help plan, develop, finance, design, construct, maintain and operate smart transportation infrastructure that connects people and communities around the world – projects such as work across Denver International Airport since its inception; the development of Hartsfield- Jackson Atlanta International Airport, and the 10-year Manchester Airport Transformation Program in the U.K. 

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 and executive orders related to governmental spending, and changes in U.S. or foreign tax laws, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs or trade policies, that may adversely impact our future financial positions or results of operations, 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, and 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. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. 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.

For press/media inquiries:
media@jacobs.com  

 

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SOURCE Jacobs

FAQ

What is the scope of Jacobs (J) Boise Airport expansion project?

Jacobs will oversee the construction of Concourse A, renovation of Concourse B, and potential terminal improvements as owner's representative, managing planning, design, and initial operations.

When will the Boise Airport expansion design phase begin for Jacobs (J)?

The design phase for both Concourse A Development and Concourse B Renovation projects will commence in 2025.

What passenger growth is driving the Jacobs (J) Boise Airport project?

The expansion addresses an 81% increase in passenger demand over the past decade at Boise Airport.

How many non-stop destinations does Boise Airport currently serve?

Boise Airport connects to 27 non-stop destinations as of the past year.