Welcome to our dedicated page for Jacobs Solutions news (Ticker: J), a resource for investors and traders seeking the latest updates and insights on Jacobs Solutions stock.
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 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.
The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend of $0.21 per share, to be paid on June 25, 2021. Shareholders of record as of the close of business on May 28, 2021 will receive this dividend. Jacobs reported $14 billion in revenue, employing approximately 55,000 individuals. The company specializes in consulting, technical, and project delivery services across various sectors.
Jacobs (NYSE:J) has secured contracts to support U-Battery Developments Ltd and Westinghouse Electric Company U.K. in developing new nuclear power reactors, backed by £40 million in U.K. government funding. The contracts will facilitate advanced manufacturing qualifications and innovative nuclear technologies, focusing on low-cost electricity generation and hydrogen production. Jacobs will utilize its expertise in reactor technology, conducting vital research and mechanical testing essential for the reactors' performance. The initiative aligns with the U.K.'s goal for a clean energy transition.
Jacobs (NYSE:J) and Morrison Utility Services have secured a position on National Grid's six-year Substations Engineering Procurement Construction Framework in the U.K., valued at approximately $1.3 billion. This framework will support National Grid's performance-based regulatory program under RIIO-T2, facilitating the transition to low-carbon generation. As the principal contractor, the JV will manage the construction and decommissioning of high voltage substations. This partnership leverages over 13 years of collaboration, focusing on innovative solutions to reduce costs and enhance sustainability.
Jacobs (NYSE:J) has secured a five-year contract from the Metropolitan Washington Airports Authority to deliver Facilities Condition Assessment and Enterprise Asset Management Services. This initiative is aimed at enhancing the operational efficiency and passenger experience at Ronald Reagan Washington National Airport and Washington Dulles International Airport. The contract encompasses evaluating the management of buildings, analyzing capital investment needs, and prioritizing maintenance projects. Jacobs aims to integrate asset inventories with EAM technology to boost quality and safety.
Jacobs has been appointed by FGEN LNG Corporation to serve as Owner's Engineer for the Interim Offshore Terminal Project in the Philippines. This project will modify an existing liquid fuel jetty for LNG carriers and includes critical infrastructure such as a gas pipeline and monitoring facilities. The terminal will support LNG imports to help transition the Philippines to cleaner energy, aiming to meet the power demands of 4.5 million homes. The project is pivotal for enhancing energy reliability in the region.
Jacobs (NYSE:J) is set to release its fiscal second quarter 2021 earnings results on May 10, 2021, before the market opens. A conference call will follow at 10:00 a.m. ET to discuss the results and operational trends. Jacobs reported $14 billion in revenue and employs approximately 55,000 people, providing a wide range of professional services. The conference call can be accessed through a webcast or by dialing in, with accompanying slides available on their website.
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