Jacobs Solutions Inc. - J STOCK NEWS

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.

Jacobs Engineering Group reported Q4 2021 revenue of $3.6 billion, a 1.9% year-over-year increase. However, net earnings fell 36% to $45 million, with EPS from continuing operations at $0.34. Adjusted EPS decreased 3% to $1.58. For the fiscal year, revenue rose 3.9% to $14.1 billion, with net earnings up 32% to $467 million and EPS at $3.12. Backlog increased by $2.8 billion to $26.6 billion. The company anticipates FY 2022 adjusted EBITDA between $1.37 billion and $1.45 billion, and adjusted EPS between $6.85 and $7.45.

Jacobs (NYSE:J) has formed a minority investment agreement and strategic relationship with Microgrid Labs Inc, a Colorado-based company specializing in commercial fleet electrification. This partnership aims to enhance Jacobs' offerings in vehicle electrification, aligning with their sustainability goals. Microgrid Labs' EVOPT platform offers solutions for optimizing electric vehicle fleets and infrastructure. The electric vehicle market is projected to reach $140 billion by 2027, emphasizing the importance of this investment.

Jacobs, listed under ticker J, has secured a third consecutive architecture and engineering support services contract with the U.S. Department of State's Bureau of Overseas Buildings Operations. This Indefinite Delivery/Indefinite Quantity (IDIQ) contract is valued at up to $250 million over five years, reinforcing Jacobs' long-standing partnership with the OBO. With over 35 years of experience, Jacobs aims to improve processes, conduct facility surveys, and provide project-specific support, leveraging their global presence and expertise.

Jacobs (NYSE:J) has secured two contracts to aid the Czech nuclear sector in radioactive waste management. The national utility, ČEZ, has chosen Jacobs' SIAL® geopolymer technology to solidify 250 metric tons of radioactive sludge at the Dukovany Nuclear Power Plant, with a five-year completion timeline. Additionally, Jacobs is appointed to provide safety assessments for a planned deep geological repository by SÚRAO, following a government shortlist for site selection by 2030. These contracts enhance Jacobs’ standing in global waste management, contributing to safer environmental practices.