Jacobs Solutions Inc. - J STOCK NEWS

On February 7, 2022, Jacobs announced the acquisition of StreetLight Data, Inc., enhancing its digital solutions portfolio and focus on ESG. StreetLight specializes in mobility analytics, employing machine learning to process location data for multimodal travel pattern analysis. This strategic acquisition is expected to boost Jacobs' software business, delivering recurring revenue and value for clients. Jacobs aims to address transportation complexities and societal challenges through enhanced data solutions, aligning with its commitment to sustainability.

Jacobs (NYSE:J) has secured a four-month feasibility study contract with RWE to explore the production and supply of green hydrogen at Pembroke Power Station in South Wales, U.K. The study aims to assess the installation of a 100MW electrolyzer, contributing to low-emission energy generation. This project aligns with Jacobs' commitment to environmental initiatives and their long-standing partnership with RWE, which began 20 years ago. The green hydrogen initiative could expand significantly and support decarbonization efforts in heavy industry in South Wales, potentially linking to offshore wind projects.

The Board of Directors of Jacobs (NYSE:J) has announced a quarterly cash dividend increase to $0.23 per share, marking a 10% rise from the previous $0.21. This dividend is set to be paid on March 25, 2022, to shareholders recorded by February 25, 2022. Jacobs reported $14 billion in revenue and employs around 55,000 professionals, providing a wide array of services across sectors.

Jacobs (NYSE:J) is set to announce its fiscal Q1 2022 earnings results on February 8, 2022, prior to market opening. A conference call will follow at 10:00 a.m. ET, where management will discuss the earnings and operational trends. Jacobs reported $14 billion in revenue with approximately 55,000 employees, providing a wide range of professional services for both government and private sectors. Interested investors can access the call via a webcast and view slides at jacobs.com.

Jacobs has been selected by Johns Hopkins Medicine to provide project management services for the redevelopment of laboratory space on its medical campus in Baltimore, Maryland. The project includes renovations and a new 12-story North Tower addition for the existing Children's Medical and Surgical Center, covering 531,609 square feet. Construction aims to create advanced facilities for wet and computational laboratories, with completion expected by summer 2026. Jacobs is recognized as a leader in healthcare facility design.

Jacobs (NYSE:J) has secured a phase one design contract from Axiom Space to build a 100,000 sq ft facility at the Houston Spaceport. This facility will play a crucial role in Axiom's mission to establish the first commercial international space station, enhancing access to low Earth orbit. Jacobs, with $14 billion in revenue and 55,000 employees, aims to drive U.S. leadership in space operations. The project is expected to create more aerospace jobs and solidify Houston's status as a commercial space hub.

C5 Acquisition Corporation closed its initial public offering on January 11, 2022, raising $287.5 million by offering 28,750,000 units at $10.00 each. The units, which began trading on January 7, 2022, consist of one share of Class A common stock and a half redeemable public warrant. Following the offering, the company plans to focus on acquisitions in national security innovation, particularly in Space, Cybersecurity, and Energy Transition. The offering was managed by Cantor Fitzgerald & Co. and Moelis & Company LLC.

C5 Acquisition Corporation has priced its IPO at $10.00 per unit, offering 25 million units on the NYSE under the ticker symbol CXAC.U starting January 7, 2022. The company, led by former Blue Origin president Robert Meyerson, focuses on national security sectors including Space, Cybersecurity, and Energy Transition. Each unit includes one share of Class A common stock and a half warrant, with the offering expected to close on January 11, 2022. Underwriters have a 45-day option for additional units, enhancing capital raising potential.

The Jacobs Mace joint venture has successfully managed the delivery of Expo 2020 Dubai, overseeing over 40 projects to transform the site into a sustainable urban legacy with an expected 300,000 daily visitors. The initiative includes smart infrastructure, with 80% of the facilities being retained post-event, and a focus on sustainability.

Significantly, 120 buildings are certified under LEED, enhancing environmental standards. The Expo runs from October 1, 2021, to March 31, 2022, showcasing innovations while fostering community engagement through job creation and improved safety standards.