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Jacobs Solutions Inc. (NYSE: J) is a global leader in providing comprehensive engineering, design, procurement, construction, and maintenance services. With a workforce of approximately 60,000 employees, Jacobs Solutions operates across diverse sectors, including water, transportation, healthcare, technology, and chemicals. The firm also excels in delivering cutting-edge cyber engineering and security solutions to industrial, commercial, and government clients worldwide.
In fiscal 2023, Jacobs Solutions reported robust financial performance, generating $16.4 billion in revenue and $1.3 billion in adjusted operating income. The company's expertise extends to areas such as water treatment and desalination, where it consistently ranks at the top of Engineering News Record's list of design firms.
One of the company's recent significant achievements is its selection by Water Corporation in Western Australia to design, build, operate, and maintain the Alkimos Seawater Desalination Plant in Perth. This project, in alliance with ACCIONA and Water Corporation, aims to produce up to 26 billion gallons of drinking water annually, addressing water scarcity driven by climate change and population growth.
Jacobs Solutions is also heavily involved in other high-profile projects, including a collaboration with the UK Atomic Energy Authority on engineering design services for fusion energy research, and the development of a new nuclear power plant design for the UK's National Nuclear Laboratory. Moreover, the company is managing a large-scale wastewater treatment plant expansion in Hamilton, Ontario, and enhancing Omaha's wastewater collection network with its Aqua DNA digital solution.
In terms of strategic development, Jacobs is progressing towards the separation and merger of its Critical Mission Solutions and portions of its Divergent Solutions business with Amentum, expected to close in the second half of fiscal 2024. This move is aimed at optimizing the company’s focus and creating more shareholder value.
For the latest updates, news, and developments about Jacobs Solutions Inc., visit their official website or follow them on Facebook, Instagram, LinkedIn, and X.
Jacobs, in a consortium with Westinghouse Electric Spain and the Lithuanian Energy Institute, has been selected to oversee the dismantling and waste management at Lithuania's Ignalina Nuclear Power Plant. This project marks a significant step in decommissioning Soviet-era reactors, paving the way for methodologies applicable to U.K. nuclear plants. Jacobs' strategy includes expanding its decommissioning services in Europe, building on experience from complex sites like Sellafield and Fukushima. The Ignalina plant was closed in 2002, previously supplying 88% of Lithuania's electricity.
Jacobs (NYSE:J) has partnered with Atkins and PwC to assist National Highways in formulating England's third road investment strategy (RIS3) for 2025-2030. The joint venture will develop comprehensive business and delivery plans aimed at enhancing road safety, capacity, and user experience while ensuring net-zero road maintenance and construction by 2040. The project aims to inform the Department for Transport's investment decision, anticipated in late 2024, thus shaping key infrastructure for economic growth in England.
Jacobs (NYSE:J) has secured a $99.8 million contract for Underwater Launch Test Capability services from the Naval Surface Warfare Center in Crane, Indiana. This contract includes the integration and activation of specialized test equipment and support for launch test operations. The partnership enhances Jacobs' ongoing collaboration with NSWC Crane, which began in 2019, and focuses on interoperability between various hardware and software systems. Jacobs reported approximately $15 billion in annual revenue, emphasizing its commitment to advanced engineering solutions for the military sector.
Jacobs (NYSE:J) has secured a $99 million indefinite delivery indefinite quantity (IDIQ) architecture and engineering services contract with the United States Air Force for its bases in Japan. The contract involves a five-year base period with an option for an additional two years and covers design, construction management, and other professional services. Jacobs aims to leverage its extensive experience of over 30 years with the USAF in Japan, collaborating with local sub-consultants for compliance on hazardous materials and investigations.
Jacobs congratulates NASA on the successful Artemis I mission, marking a significant milestone as the Orion spacecraft safely returns from a 1.4-million-mile journey around the moon. Jacobs played a vital role in the mission, including the recovery of Orion and development of critical systems at multiple NASA centers. With approximately $15 billion in annual revenue, Jacobs is committed to advancing deep space exploration and scientific discovery through future Artemis missions, while also being NASA's largest services contractor.
Jacobs (NYSE:J) has been awarded a four-year contract by the U.K.'s Office for Nuclear Regulation (ONR) to provide engineering and technical support services. This contract emphasizes Jacobs' extensive experience and expertise in nuclear safety, as they have supported the ONR for over 20 years. The company will assist in various areas, including reactor core physics, decommissioning, and cybersecurity, contributing to the U.K.'s goal of achieving net-zero carbon emissions by 2050.
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.
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