Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE:J) has been awarded a contract to design and implement the First Plasma Radiological Environmental Monitoring System (REMS) for ITER, the world's largest fusion energy project. This contract, worth $4.2 million (€3.5 million), ensures safety against ionizing radiation during ITER's operations. Additionally, Jacobs has been reselected as the principal supplier for instrumentation and control systems, with a potential contract value of $10.6 million (€9 million) over seven years. Jacobs aims to leverage its technical expertise for this complex project.

Jacobs (NYSE:J) has secured two decommissioning contracts at the Dounreay nuclear site in Scotland, valued at $15.9 million. The company will upgrade the ventilation systems for the Prototype Fast Reactor (PFR) under a $9.94 million contract and develop the decommissioning strategy for the Fast Reactor Fuel Reprocessing Plant (FRFRP) under a $5.96 million contract. These projects are essential for environmental control and are expected to be completed over the next 10-15 years.

Jacobs (NYSE:J) has introduced Kaleidoscope℠, a cloud-based application designed to assist clients in optimizing capital expenditure budgets. This predictive analytics tool assesses infrastructure vulnerabilities across various networks, including roads and utilities. Kaleidoscope aims to mitigate costly and reactive maintenance by preemptively identifying potential hazards, which is crucial for municipalities dealing with aging infrastructure and climate change. Jacobs, with $14 billion in revenue and a workforce of approximately 55,000, provides a wide range of professional services.

Jacobs Engineering Group (NYSE: J) reported Q3 2021 financial results with revenues of $3.6 billion, a 9.7% increase year-over-year. The company achieved an adjusted EPS of $1.64, up 30% from $1.26 in Q3 2020, although GAAP EPS decreased to $0.82. Backlog rose to $25.4 billion, reflecting a 7% annual increase. Jacobs raised its FY21 adjusted EBITDA guidance to $1,210-1,275 million and adjusted EPS guidance to $6.15-6.35. CEO Steve Demetriou indicated a strong growth outlook, supported by trends in infrastructure and energy transition.

Jacobs has appointed Patrick Hill as the new EVP and President of People & Places Solutions effective August 1, 2021. Hill has over 23 years of experience at Jacobs, previously co-leading global business efforts focused on multiple regions including Europe and Asia. According to Jacobs President Bob Pragada, Hill's leadership aligns with the company’s succession plans and positions P&PS for further growth amid increasing infrastructure demands. Jacobs reported $14 billion in revenue with approximately 55,000 employees, providing a broad range of services globally.

Jacobs (NYSE:J) has been selected to support the Space Hub Sutherland, the U.K.'s potential first satellite launch site, by assessing the local supply chain and its transferability to the space industry. The project aims to identify local skills, conduct a gap analysis, and explore socio-economic impacts on northern Scotland. With the U.K. space industry projected to be worth $5.6 billion by 2030, this initiative could create high-value jobs. Jacobs is leveraging its extensive experience in the space sector to drive growth in the region.

Jacobs (NYSE:J) has been selected as a program management firm for the Dallas Independent School District's (Dallas ISD) $3.47 billion 2020 Bond Program, marking its continued partnership of 18 years with the district. This initiative aims to enhance 200 out of 230 campuses, focusing on critical upgrades such as mechanical systems, roofs, and security enhancements. The program launches with collaborations involving various construction firms to oversee substantial renovations and expansions of schools. Jacobs reports $14 billion in revenue and employs around 55,000 people, delivering services across sectors.