Welcome to our dedicated page for Jacobs Solutions news (Ticker: J), a resource for investors and traders seeking the latest updates and insights on Jacobs Solutions stock.
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 has been awarded the JSC Engineering, Technology, and Science (JETS) II contract at NASA Johnson Space Center, valued at $3.9 billion over 10 years. The contract includes a five-year base period and options for additional years. Transition begins August 1, 2022. This contract extends a partnership with NASA that began in 2005, with Jacobs providing engineering and scientific services. Jacobs, the largest services contractor for NASA, reported annual revenues of $14 billion and employs over 55,000 people, reinforcing their commitment to advancing space exploration.
SEE (NYSE: SEE) has appointed Kevin Berryman to its Board of Directors, where he will serve on the Audit Committee. Berryman is currently the President and CFO at Jacobs and brings extensive experience from roles at International Flavors & Fragrances and Nestlé. His expertise in consumer-packaged goods is expected to support SEE's transformation and customer engagement initiatives. The company reported sales of $5.5 billion in 2021 and is committed to sustainable packaging solutions.
Jacobs has been selected for a significant project by Norsk Nukleær Dekommisjonering (NND) to decommission Norway's nuclear facilities. This joint venture with Multiconsult Norge AS focuses on two research sites, with an estimated contract value of up to $100 million over six years. The program aims to safely dismantle the Halden and JEEP-II reactors, projected to take 20-25 years and cost about $1.96 billion. This initiative strengthens Jacobs’ position in the European nuclear decommissioning market, projected to be worth $63 billion by 2025.
Jacobs (NYSE:J) has been awarded a consulting contract by Hartsfield-Jackson Atlanta International Airport to enhance its asset management strategies. The project involves assessing current operations and developing comprehensive asset management plans across the airport's 4,700-acre campus. Jacobs aims to improve operational performance, sustainability, and risk mitigation. With $14 billion in revenue and a workforce of approximately 55,000, Jacobs is committed to providing tailored solutions leveraging its extensive expertise.
Jacobs (NYSE:J) has been awarded the 2021 ANG General Thomas D. White Environmental Restoration Award for successful environmental remediation at the 158th Fighter Wing in Burlington, Vermont. The project achieved a 90% reduction in petroleum and chlorinated solvents over 14 acres and closed four out of six sites while meeting Vermont's drinking water standards. Jacobs collaborated with the Air National Guard to implement innovative solutions that align with mission-critical objectives while promoting sustainability. The company reported $14 billion in revenue and employs approximately 55,000 people.
Jacobs (NYSE:J) has been appointed as the design consultant for the Tavistock Station and tunnels in Singapore, part of the $302 million Cross Island Line Phase 1 project. This MRT line will enhance connectivity across Singapore, serving over 100,000 households and improving access to key recreational areas. Construction commenced in May, with operations expected to begin in 2030. The project underscores Jacobs' strong presence in the Asian transport infrastructure market, bolstering its portfolio of transformational projects.
Jacobs (NYSE:J) has been awarded a contract by the New York City Department of Environmental Protection to assess the consolidation of four aging wastewater facilities into a modern one billion+ gallon-per-day facility on Rikers Island. The project aims to explore transforming Rikers for sustainability, including renewable energy and wastewater treatment. Commencing in April 2022 and concluding in October 2023, this initiative could redefine New York City's landscape and enhance social equity, according to Jacobs Senior VP Gary Morris.
Jacobs (NYSE:J) has developed an innovative robotic tool designed to collect debris from the damaged Fukushima Daiichi nuclear reactor in Japan. Following the 2011 meltdown, this remotely operated device aims to gather crucial data about contamination levels. Successfully passing rigorous tests, the device will be tailored for radiation resistance in its final version. This advancement demonstrates Jacobs' commitment to addressing significant challenges in nuclear cleanup, with potential financial implications in project funding and safety enhancements.
Jacobs (NYSE:J) has been selected as the design consultant for the New Bridgewater Bridge project in Hobart, Tasmania, with an estimated value of $566 million (AU $786 million). This project, part of the Hobart City Deal, aims to enhance transport efficiency and safety for commuters. Scheduled construction starts mid-2022, with completion by late 2024, replacing the existing 76-year-old bridge with a modern four-lane structure, significantly improving infrastructure in the region.
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