Jacobs to Support UK Space Satellite Launch Project

Rhea-AI Summary

Jacobs (NYSE:J) has been selected to support the Space Hub Sutherland, the U.K.'s potential first satellite launch site, by assessing the local supply chain and its transferability to the space industry. The project aims to identify local skills, conduct a gap analysis, and explore socio-economic impacts on northern Scotland. With the U.K. space industry projected to be worth $5.6 billion by 2030, this initiative could create high-value jobs. Jacobs is leveraging its extensive experience in the space sector to drive growth in the region.

Positive

• Jacobs will help establish the U.K.'s first satellite launch site, enhancing its role in the burgeoning space industry.
• The U.K. space industry is projected to reach $5.6 billion by 2030, indicating significant growth potential.
• The project has the potential to create many high-value jobs in northern Scotland.

Negative

• None.

DALLAS, July 27, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was selected to support Space Hub Sutherland, which has the potential to become the U.K.'s first satellite launch site.

On behalf of the Caithness and North Sutherland Regeneration Partnership, Jacobs will assess the local supply chain and produce a report on how available skills, such as advanced engineering, asset management and avionics could transfer to the space industry, including from the nuclear sector at nearby Dounreay and the defense sector in Moray. Jacobs will also examine potential socio-economic impacts in the region, conduct a gap analysis and identify further investment and actions required for a range of potential growth scenarios.

Highlands and Islands Enterprise is developing the Space Hub Sutherland project, which is the first vertical launch site to secure planning permission in the U.K. The site is slated to host the Scottish-manufactured Orbex Prime low-carbon fuel rocket and could begin launching low-earth orbit communication and observation satellites as early as next year from a site on the Mhòine Peninsula.

"Our research, economic modeling and strategy planning will identify what needs to be done to create a space cluster of specialized industries in northern Scotland, supported by supply chain, local skills and talent, and infrastructure capable of sustaining its growth," said Jacobs Critical Mission Solutions International Senior Vice President Clive White. "With estimates that the U.K.'s space industry will be worth $5.6 billion (£4 billion) by 2030, this is a huge opportunity for the area with potential to create many high-value jobs. During this project, we will leverage our teams supporting NASA, where Jacobs is the largest services provider."

Space Hub Sutherland Project Director, Roy Kirk, said: "This project is important for the prosperity of the Highlands and the opportunity to reach back into Jacobs' deep experience and capability in the space sector, plus their decades of local experience at Dounreay, is a critical competitive advantage for us."

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are 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, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular 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, and our Quarterly Report on Form 10-Q for the quarter ended April 2, 2021, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, 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.

For press/media inquiries:
Kerrie Sparks
214.583.8433

 

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FAQ

What is Jacobs' involvement in the Space Hub Sutherland project?

Jacobs is tasked with assessing the local supply chain for skills transfer to the space industry as part of the Space Hub Sutherland project.

What is the expected economic impact of the Space Hub Sutherland?

The project aims to explore socio-economic impacts and potentially create numerous high-value jobs in northern Scotland.

When is the Space Hub Sutherland expected to begin launching satellites?

Launches from the Space Hub Sutherland could start as early as next year.

What is the projected value of the U.K. space industry by 2030?

The U.K. space industry is projected to be worth $5.6 billion by 2030.

Which rocket will be launched from Space Hub Sutherland?

The facility is set to host the Orbex Prime low-carbon fuel rocket for launches.