Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE:J) has secured a cost-plus-fixed-fee contract valued at over $60 million to support the West Desert Test Center (WDTC) at Dugway Proving Ground in Utah. This five-year contract emphasizes Jacobs' role in enhancing U.S. defense capabilities against chemical, biological, radiological, nuclear, and explosive threats. The company, an established partner of the Department of Defense since 2004, will offer expertise in CBRNE defense operations and conduct extensive testing and training exercises. With approximately $14 billion in revenue, Jacobs remains committed to global safety and preparedness.

Jacobs announced its partnership with IronNet to become a Managed Security Service Partner (MSSP). This collaboration aims to enhance the detection and prevention of sophisticated cyber threats in both public and private sectors. IronNet's advanced cybersecurity solutions will complement Jacobs' existing capabilities, aiding organizations against nation-state cyberattacks. With approximately $14 billion in revenue and a workforce of 55,000, Jacobs emphasizes its commitment to addressing complex security challenges and enhancing national security resilience.

Jacobs (NYSE:J) has been appointed as the Program Management Consultant for the Delhi Noida International Airport (DNIA) project by Yamuna International Airport Private Limited. This greenfield development will encompass a new terminal, runway, and various facilities across 3,300 acres, aiming to handle up to 12 million passengers annually upon completion in 2024. The airport aims to alleviate congestion at Indira Gandhi International Airport, expected to surpass 100 million passengers by 2030. Jacobs' expertise will enhance operational efficiency and environmental sustainability in this significant infrastructure project.

Jacobs (NYSE:J) has been selected by Dounreay Site Restoration Ltd to lead the integrated design management team for a significant nuclear clean-up project in Scotland. The contract is valued at $10.4 million over 6.5 years, with potential for additional revenue. Jacobs will coordinate efforts to retrieve and repackage radioactive waste from the Dounreay shaft, extending 214.5 feet below ground, and its associated silo. This initiative aims to contribute to the safe disposal of legacy waste, moving forward with DSRL's clean-up objectives.

Jacobs has acquired a 65% stake in PA Consulting, a leading innovation firm, for an enterprise value of £1.825 billion ($2.5 billion). This strategic move aims to enhance Jacobs' innovation capabilities in addressing challenges like climate change and healthcare. The partnership received overwhelming approval from PA employees, with 99.9% voting in favor. PA Consultant's CEO emphasized the alignment of cultures and values between the two firms. The deal, finalized on March 2, 2021, was funded through cash and existing debt.

Jacobs (NYSE:J) has extended its 30-year partnership with the New York City Economic Development Corporation (NYCEDC) for an additional five years, valued at $20 million. The contract includes crucial maritime engineering consultative services related to inspection and maintenance management of city-owned maritime infrastructure. Jacobs is expected to enhance essential facilities, including cruise terminals and marine facilities for various city departments. With $14 billion in revenue and a workforce of approximately 55,000, Jacobs aims to support NYCEDC's waterfront infrastructure.

Jacobs Engineering Group released its fiscal Q1 2021 results, reporting revenue of $3.4 billion, unchanged year-over-year. Net earnings from continuing operations rose to $257 million with a GAAP EPS of $1.96, up 47% year-over-year. Adjusted EPS increased to $1.41, up 17%. The company’s backlog grew 11% to $25.1 billion, and cash flow from operations was robust at $112.6 million. Jacobs raised its adjusted EBITDA and EPS guidance for fiscal 2021, now forecasting adjusted EBITDA of $1,075 million to $1,155 million and adjusted EPS of $5.30 to $6.00.

The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend of $0.21 per share, marking an 11% increase from the previous $0.19. This dividend is scheduled for payment on March 26, 2021, to shareholders of record as of February 26, 2021. Jacobs reported $14 billion in revenue and employs approximately 55,000 people, offering a broad range of professional services to both government and private sectors.

Jacobs has been awarded a contract by U.S. Naval Facilities Engineering Command for base operating support services at Kings Bay, Georgia, effective June 1, 2021. The contract has a maximum potential value of $421 million over a one-year base period, with seven additional options. This expands Jacobs' collaboration with the U.S. Navy, enhancing infrastructure reliability through intelligent asset management solutions. Jacobs anticipates leveraging its expertise to boost operations and maintenance capabilities across various facility management areas.