Jacobs to Support Capital Improvements at Caribbean's Busiest Aviation Hub
Jacobs (NYSE:J) has been selected by Aerostar Airport Holdings, to provide architecture and engineering consulting services for capital improvements at Luis Muñoz Marín International Airport (SJU) in San Juan, Puerto Rico. The project aims to address infrastructure improvements, increasing passenger and aircraft traffic demand, and mitigate future climate change impacts.
Jacobs will support projects including taxiway reconstructions, runway improvements, airport sustainability efforts, and a pavement management system. The company will also assist with grant management, planning, design, and construction oversight. This initiative is important as SJU accounts for over 90% of Puerto Rico's total passenger volume and serves as a hub for the Caribbean, with passenger growth up 40% in the last decade.
- Selected to provide consulting services for major airport improvements
- Project addresses increasing passenger and aircraft traffic demand
- Scope includes critical infrastructure and sustainability improvements
- Supports Puerto Rico's main international airport, handling 90% of passenger volume
- None.
Insights
This contract win for Jacobs to support capital improvements at Puerto Rico's Luis Muñoz Marín International Airport is a positive development, albeit with moderate impact. The project aligns well with Jacobs' expertise in transportation infrastructure and airport modernization.
Key points to consider:
- SJU handles over 90% of Puerto Rico's passenger volume, making it a critical infrastructure asset
- Passenger growth is up
40% in the last decade, indicating strong demand - The scope includes important elements like runway improvements, sustainability efforts and climate resilience
- Jacobs' #2 ranking in Transportation by Engineering News-Record underscores their capabilities
While the contract value isn't disclosed, Jacobs' involvement in comprehensive airport upgrades for a major Caribbean hub should contribute positively to their project pipeline and revenue stream in the transportation sector. The long-term nature of capital improvement programs also provides some revenue visibility.
However, investors should note that this is likely a routine contract win for a company of Jacobs' size and may not significantly move the needle on overall financial performance. The impact on stock price is likely to be unless the contract value proves to be exceptionally large.
Improvements will modernize infrastructure and boost resiliency at Puerto Rican airport
At SJU, Jacobs will provide consulting services across airfield, landside, infrastructure and facilities development efforts at the airport – which currently accounts for more than 90 percent of the island's total passenger volume and serves as a hub for the wider Caribbean.
"At Jacobs, we look toward the future," said Jacobs Senior Vice President Chrissy Thom. "With passenger growth up over
Jacobs will support anticipated projects like taxiway reconstructions, runway improvements, airport sustainability efforts and a pavement management system. Grant management, planning, design and construction oversight for all projects is also part of the capital improvement program scope of work.
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
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With a team of approximately 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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