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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 (NYSE:J) has been selected, along with General Electric and Westinghouse, for the preliminary phase of life extension work at the Sizewell B nuclear power station in the U.K. This initiative is part of a Long-Term Operation program aimed at extending the plant's lifespan by 20 years to 2055.
The first phase, estimated at $14 million, focuses on scoping and cost-benefit analysis to support a final investment decision by 2024. Sizewell B is a key asset in the U.K.'s energy infrastructure, contributing to significant zero carbon electricity generation.
Jacobs (NYSE:J) has been appointed by Singapore's PUB, the National Water Agency, to develop new greasy waste and food waste treatment facilities at the Changi Water Reclamation Plant. These facilities aim to enhance Singapore's waste treatment capabilities by co-digesting various waste types, thus maximizing biogas yield for electricity generation and reducing carbon emissions. The project is expected to double the greasy waste treatment capacity by 2025, with the GWTF treating 12,000 cubic meters of waste monthly. This initiative is part of Jacobs' commitment to sustainable engineering solutions.
Electreon, a leader in wireless EV charging, reported a significant breakthrough year in 2021, expanding its commercial projects in the US, Europe, and Israel. The company achieved a cash balance of 124 million ILS ($39 million) and increased its staff by 130%. Electreon secured its largest wireless EV charging contract with the Dan Bus Company in Israel, introducing its Charging-as-a-Service model. The company focused heavily on R&D, investing 14 million ILS ($4.4 million) to prepare for upcoming projects, amidst a growing demand for Electric Road Systems (ERS).
Jacobs (NYSE:J) has entered a three-year agreement with Intelinair to enhance agricultural technology. This partnership, effective from 2022 to 2024, aims to integrate Jacobs' advanced aerial imagery and multispectral sensor systems with Intelinair's AI-driven AGMRI platform. The collaboration will provide comprehensive crop insights, supporting sustainability efforts and market expansion. Jacobs has doubled its service capacity since 2021, further emphasizing its commitment to digital solutions in agriculture. Financial specifics of the agreement remain undisclosed.
Jacobs (NYSE:J) has been awarded a contract by Empire Offshore Wind for the detailed design of the South Brooklyn Marine Terminal (SBMT). This terminal will serve as a key operations and maintenance hub for offshore wind farms off Long Island. The redevelopment of over 70 acres will boost clean energy production and reduce carbon emissions, providing energy to over two million homes. Construction is expected to start in the second half of 2023, supporting local job creation in the renewable energy sector.
NetAbstraction has expanded its collaboration with Jacobs (NYSE:J) to deliver Zero Trust network privacy technology to the global education community. This alliance aims to provide advanced ransomware protection specifically tailored for academic institutions, which are frequently targeted by cyber adversaries.
Under this strategic partnership, Jacobs will offer NetAbstraction's NetAccess and NetEnclave solutions, enhancing the cybersecurity resilience of educational entities amidst rising cyber threats.
NetAbstraction and Jacobs have expanded their alliance to deliver Zero Trust network privacy technology specifically for the global education sector, targeting ransomware protection for academic institutions. This strategic collaboration is designed to enhance cyber resilience by providing solutions that isolate sensitive research environments. Jacobs will now offer NetAbstraction NetAccess and NetEnclave to universities worldwide, helping to safeguard critical data and mitigate cyber threats. The services are available immediately.
NightDragon and Jacobs (NYSE:J) have formed a strategic alliance to enhance cybersecurity and intelligence technologies, targeting both commercial and government markets. The collaboration aims to create a joint cyber, intelligence, and digital (CID) ecosystem, leveraging a recently announced $750+ million growth investment fund by NightDragon. The partnership responds to evolving cybersecurity threats, focusing on securing five critical domains: land, sea, air, space, and cyber. This initiative aligns with White House priorities on public-private partnerships for faster risk mitigation.
Jacobs (NYSE:J) has supported NASA in rolling out the Artemis I rocket to Launch Pad 39B at Kennedy Space Center, marking a significant milestone in the Artemis Program. This mission aims to land the first woman and first person of color on the moon and is part of NASA's deep space exploration efforts. Following this rollout, the team will conduct a Wet Dress Rehearsal (WDR) to prepare for launch. Jacobs, as the prime contractor for NASA's Exploration Ground Systems program, is responsible for various operational tasks. The company recently received recognition as Large Business Prime Contractor of the Year.
Jacobs (NYSE:J) has been awarded a comprehensive contract by the City of North Bay, Ontario, focusing on PFAS remediation at Jack Garland Airport. The scope includes site-specific risk assessment, sampling, and development of a remediation plan. Jacobs aims to address public health concerns stemming from historical use of PFAS-containing firefighting foam. The company leverages its experienced environmental team, aiming to deliver innovative and sustainable solutions. With $14 billion in revenue, Jacobs is recognized for its leadership in environmental consulting and services.
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