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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 elected Priya Abani, CEO of AliveCor, to its Board of Directors as of Nov 10, 2021. With over 20 years of experience in technology and business innovation, Abani has a proven track record in enhancing customer experience and accelerating revenue growth. Steve Demetriou, Jacobs' CEO, stated that Abani's expertise aligns with the company's focus on climate response and data-driven solutions. The Jacobs Board, now comprising 12 members, emphasizes diversity, with 58% being female and ethnically diverse, aiming to address critical global challenges.
Jacobs (NYSE:J) has made a strategic investment in HawkEye 360, a leader in radio frequency geoanalytics, strengthening its digital intelligence capabilities. This collaboration involves enhancing Jacobs' technology suite with HawkEye 360's RF spectrum analytics. The investment signifies Jacobs' commitment to national security and infrastructure solutions. HawkEye 360's RF satellite technology provides critical data for geospatial intelligence. Recent achievements include a $302 million contract with the National Geospatial-Intelligence Agency.
Jacobs (NYSE:J) has secured a $300 million architectural and engineering services contract with NASA under the Southeast Region Architect and Engineering (SERAE) program. This five-year, indefinite delivery/indefinite quantity (IDIQ) contract involves a range of services across multiple NASA sites, including the Kennedy Space Center and Johnson Space Center. Jacobs aims to leverage its extensive experience and long-standing relationship with NASA to deliver innovative solutions. The company recorded $14 billion in revenue and employs about 55,000 professionals, affirming its position as a leader in aerospace services.
Jacobs (NYSE:J) has announced its definitive agreement to acquire BlackLynx, specializing in high-performance software solutions. The acquisition, which aims to enhance Jacobs' cyber and digital solutions portfolio, will enable deeper capabilities in edge computing and real-time insights for national security. With this acquisition, Jacobs will strengthen its presence across 14 of the 18 U.S. Intelligence Community agencies, aligning BlackLynx’s technology with Jacobs' Cyber & Intelligence business unit. The financial details of the agreement were not disclosed.
Jacobs (NYSE:J) is set to release its fiscal fourth quarter and full year 2021 earnings results on November 23, 2021, before market opening. A conference call will follow at 10:00 a.m. ET, where management will discuss the results and operational trends. With an annual revenue of $14 billion and a workforce of approximately 55,000, Jacobs provides comprehensive professional services across various sectors. Interested parties can access the call through a webcast on the Jacobs website.
Jacobs (NYSE:J) has been awarded the Oak Ridge Reservation Cleanup Contract (ORRCC) as part of a joint venture with Amentum and Honeywell, under the United Cleanup Oak Ridge LLC (UCOR). The U.S. Department of Energy estimates the contract value at $8.3 billion over 10 years. This contract will replace a previous agreement and is expected to support over 2,000 jobs in the region. Jacobs has been involved in the cleanup efforts at Oak Ridge since 2003 and aims to enhance environmental, social, and economic impacts in the area.
Jacobs (NYSE:J) has secured a three-year contract with the U.S. Army's Engineer Research and Development Center to implement Engineering With Nature (EWN) principles at DoD facilities. The objectives include engaging the DoD community on nature-based solutions, developing an EWN roadmap, and creating technical guides for application. This initiative aims to enhance resilience against climate change and provide economic and environmental benefits. With $14 billion in revenue, Jacobs continues to lead in environmental consulting, focusing on sustainability and infrastructure resilience.
Jacobs has secured an extension of its Project Management Resources (PMR) contract with EDF Nuclear Generation, enhancing support for the U.K.'s nuclear power plants. This extension, valued at over $44 million, will last from April 2022 to March 2024. Jacobs will continue to manage seven advanced gas-cooled reactor stations and assist in their transition to defueling. The contract extension highlights EDF's trust in Jacobs' capabilities, reflecting a strong record of successful delivery.
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