Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE:J) has entered into a strategic partnership with NNB Generation Company for the Hinkley Point C nuclear power station in Somerset, U.K., projected to cost $30 billion. This agreement confirms Jacobs as a preferred supplier, enhancing its role in critical project areas. Jacobs has been involved since the project's inception, providing essential engineering and technical services, and will continue to support licensing and construction management. The project is crucial for the U.K.'s net-zero carbon commitments, reinforcing Jacobs' commitment to a sustainable future.

Jacobs has secured a new contract from the U.S. Army Corps of Engineers (USACE) for its Mobile District's Military Design and Construction Program. The contract, valued at an estimated $249 million over five years, encompasses design services for military facilities and infrastructure across U.S. Armed Forces installations in the Southeastern U.S. Jacobs aims to provide innovative solutions through this agreement, enhancing operational capacity and resilience for defense-related construction projects.

Jacobs (NYSE:J) has been awarded a four-year contract to provide asset management solutions for the U.K. Nuclear Decommissioning Authority (NDA). The collaboration with PA Consulting aims to implement a digital asset management strategy that enhances efficiency and lowers operational costs across 17 nuclear sites in England, Wales, and Scotland. The NDA oversees decommissioning projects, including Sellafield, and Jacobs plans to employ digital decision-making tools and predictive maintenance to improve asset reliability. This significant contract reflects Jacobs' commitment to transforming critical infrastructure management.

Jacobs (NYSE:J) has secured a new multi-disciplinary architecture and engineering service contract from the U.S. Government Accountability Office (GAO) valued at $25 million over a one-year base period with four optional years. This contract, part of a Multiple Award Task Order Contract (MATOC), aims to renovate and upgrade the GAO's headquarters in Washington D.C. and its field offices nationwide. Jacobs plans to utilize its expertise in modernizing federal facilities, emphasizing innovative and sustainable solutions.

Jacobs Engineering Group (NYSE: J) reported Q2 fiscal 2021 earnings with a revenue of $3.5 billion, a 3.5% increase year-over-year. Adjusted EPS rose 19% to $1.66. The company also achieved a 10% increase in backlog, totaling $25.6 billion. Cash flow from operations and free cash flow reached $238 million and $209 million, respectively. Jacobs raised its full-year adjusted EBITDA outlook to $1,200 million to $1,270 million and adjusted EPS guidance to $6.00 to $6.30, reflecting strong performance and strategic investments, including in PA Consulting.

Jacobs (NYSE:J) has been appointed by RTS Operations Sdn Bhd to provide systems consultancy for the Johor Bahru to Singapore Rapid Transit System (RTS) Link, enhancing travel between Malaysia and Singapore. The new 2.5-mile line aims to support 10,000 passengers per hour, easing congestion and boosting economic activity. The project, costing $3.37 billion, is expected to create 1,500 jobs during construction and be operational by late 2026. Stakeholders highlight the potential for improved connectivity and positive impacts on tourism and real estate.

Jacobs (NYSE:J) has been awarded a seven-year term contract by Highways England for the maintenance and disposal of its Historical Railways Estate, valued at $39.5 million (£30 million). The contract entails managing over 3,000 assets, including 77 listed structures in the UK, and includes design, site supervision, and ecological management services. Jacobs aims to leverage its digital innovation capabilities to enhance asset management efficiency and safety. This contract extends Jacobs' long-standing relationship with Highways England, which began in 1998.

Jacobs has commenced processing the Space Launch System (SLS) core stage after its delivery to Kennedy Space Center on April 28, 2021. This marks a pivotal milestone for the Artemis I mission, which will test an uncrewed Orion spacecraft around the Moon. Jacobs, as NASA's prime contractor, is pivotal in integrating components and ensuring launch readiness. The SLS, with a thrust of 8.8 million pounds, is poised to be NASA's most powerful rocket. Jacobs achieved $14 billion in revenue, employing approximately 55,000 people, and aims to solve critical global challenges.