Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE:J) has secured a contract to assist the UK's fusion energy research program, as appointed by the UK Atomic Energy Authority (UKAEA). The project will involve Jacobs' professionals integrated into UKAEA teams, focusing on advanced research in areas such as machine design and robotics. Fusion energy holds promise for generating sustainable, low-carbon electricity, potentially transforming the energy landscape. Jacobs aims to leverage its long-standing experience in fusion energy, contributing to key facilities like the Tritium Advanced Technology facility, enhancing its engineering and scientific capabilities.

On November 16, 2022, Jacobs announced its support for NASA's Artemis I mission, marking a significant milestone in deep space exploration. The uncrewed Orion spacecraft launched successfully from Kennedy Space Center, aimed at testing systems for future human missions to the moon. Jacobs, as the prime contractor for NASA's Exploration Ground Systems, is responsible for integrating essential components and ensuring the mission's success. With $14 billion in revenue, Jacobs is a leading services contractor for NASA, contributing to various aspects of the Artemis program.

Jacobs (NYSE:J) will release its fiscal fourth quarter and full year 2022 earnings results on November 21, 2022, before the market opens. A conference call will follow at 10:00 a.m. ET, where management will discuss the company's performance and operational trends. Jacobs reported $14 billion in revenue, supporting its extensive range of professional services across government and private sectors. Interested parties can access the call via a webcast on the company's website.

Jacobs has appointed Shannon Miller as the new EVP and President of its Divergent Solutions unit as part of the Boldly Moving Forward Strategy. This initiative aims to enhance transformative data solutions, focusing on cyber, intelligence, data, and technology. Miller, with almost 25 years at Jacobs, previously served as Chief Growth Officer. Divergent Solutions will operate through three business units, aiming to drive strategic growth and foster industry disruption. Jacobs aims to solve critical global issues and boasts $14 billion in revenue and a workforce of over 55,000.

Jacobs has secured a four-year Design & Project Services Framework with National Grid in the U.K. This framework aims to enhance the resilience and capacity of the electricity transmission network, supporting the country's net-zero and decarbonization goals. Jacobs will deliver a variety of services, including feasibility studies, detailed design, and project assurance across 10 Lots in National Grid's Transmission portfolio. The partnership extends Jacobs' 15-year collaboration with National Grid and emphasizes a commitment to innovative and efficient project solutions.

Jacobs (NYSE:J) has been chosen as the full lifecycle delivery partner for infrastructure renewal projects at various facilities operated by the U.K.'s National Nuclear Laboratory (NNL). The contract, valued at $12 million (£10 million), spans an initial one-year term with options for three additional extensions. Key responsibilities include design, build, and refurbishment work at NNL's Windscale and Central Laboratories. Jacobs aims to enhance the U.K.'s nuclear research capabilities while supporting job creation in the northwest of England.

Jacobs (NYSE:J) has secured a contract with Elenergy to conduct a feasibility study for a green hydrogen production and import facility in South Korea. This initiative supports South Korea's ambition to transition to a clean energy economy, targeting hydrogen to comprise 33% of energy consumption by 2050. The facility will utilize 100% renewable energy from the Chujin Offshore Wind Farm. Jacobs will perform market analysis and technology reviews to drive this project forward, enhancing its energy transition portfolio in Asia.

Jacobs (NYSE:J) has completed master planning services for Hacienda Patrón tequila distillery in Jalisco, Mexico, partnering with PA Consulting to align with Bacardi's sustainability goals. The plan focuses on achieving net-zero waste, enhancing resource recycling, and minimizing carbon emissions. Innovative strategies proposed include reusing agave fiber for packaging and improving wastewater processes. With an aim to quadruple production by FY2030, Jacobs’ insights aim to strengthen Patrón's operations while meeting growing demand. Jacobs reported $14 billion in revenue, employing over 55,000 staff.

Jacobs announces a leadership transition, effective January 24, 2023, where Bob Pragada, currently President and COO, will take over as CEO from Steve Demetriou, who continues as Executive Chair. Demetriou highlights Pragada's track record and leadership skills, stressing the company's solid growth trajectory. Jacobs has experienced significant transformation under Demetriou, yielding a market cap increase of around $11 billion and a total shareholder return of 236% since 2015. Pragada aims to further enhance Jacobs' strategic plans and operations.