Jacobs Solutions Inc. - J STOCK NEWS

Jacobs achieves a significant milestone with the U.S. Air Force Life Cycle Management Center, completing the flight campaign for its KeyRadar® product integrated into the AgilePod® system. This certification marks the first time the pod has been deemed airworthy for flight testing on commercially operated aircraft under FAA criteria. The collaboration has enhanced Jacobs' ISR and target detection capabilities, leveraging advanced software-defined technology. Jacobs, boasting $13 billion in revenue and over 55,000 employees, continues to innovate in defense and intelligence solutions.

Jacobs (NYSE:J) has been appointed to the Technical Advisor Framework by Highways England, aimed at enhancing capital road projects under the Roads Investment Strategy (RIS) 2. This framework, valued at over $1.27 billion (£1 billion), spans six years and is designed to improve the safety and reliability of England's strategic road network. Donald Morrison, Senior Vice President at Jacobs, emphasized their readiness to support project success through comprehensive evaluations and technical assurance.

Jacobs (NYSE:J) appointed retired four-star general Vincent K. Brooks to its Board of Directors on August 17, 2020. His extensive military leadership experience, particularly in national security, aligns with Jacobs' growth markets. CEO Steve Demetriou expressed confidence in Brooks' potential to impact the company's strategic objectives. Brooks, a notable figure in diversity and inclusion, has held various leadership roles including command of U.S. forces in Korea. Jacobs emphasizes a diverse board to enhance governance and drive innovation within its $13 billion revenue enterprise.

Jacobs (NYSE:J), in partnership with Simetrica-Jacobs, has introduced a thought leadership paper emphasizing the importance of infrastructure investments in addressing societal issues. The paper, titled "Before & Beyond the Build," outlines five strategies for enhancing social value, such as big data analytics and social value measurement. Jacobs aims to collaborate with various sectors to refine these approaches, which could significantly contribute to community well-being and economic recovery post-pandemic. The company reported $13 billion in revenue and employs over 55,000 professionals.

Jacobs (NYSE:J) has been appointed to Transport for London's (TfL) renewed Professional Services Framework, covering various consultancy services for a four-year period. The framework aims to enhance efficiency in project delivery, assisting TfL with its ambitious Streetspace Plan and major projects like Crossrail. Jacobs has a substantial portfolio with TfL, providing support on key initiatives such as London's ULEZ. The announcement underlines Jacobs' commitment to sustainable infrastructure and project management in London.

Jacobs (NYSE:J) has introduced innovative Raman spectroscopy technology designed for detecting radioactive contamination in nuclear decommissioning projects. This system allows detection of weak signals from hazardous materials even in high radiation environments, enhancing safety and reducing operational costs. Developed in collaboration with IS Instruments, this device can be mounted on remote platforms, enabling safer inspections within two meters of the target. Supported by Innovate UK, this technology is seen as a critical advancement for the nuclear industry.

Jacobs (NYSE:J) partnered with NASA's Jet Propulsion Laboratory to develop a calibration device for the Mars Perseverance Rover, which launched on July 30, 2020. This device ensures the SHERLOC instrument accurately detects potential signs of past life on Mars. The rover is equipped with advanced scientific tools and will analyze Martian rocks and soil, including a Martian meteorite. Jacobs emphasizes its long-standing collaboration with NASA in advancing scientific discovery, reflected in its $13 billion revenue and commitment to innovative technologies.

Jacobs (NYSE:J) has been chosen by Moltex Energy to aid in the development of the Stable Salt Reactor, a new nuclear power facility. Jacobs will construct a specialized experimental facility for thermal transfer testing at its Birchwood Park research center in the U.K. This reactor aims to produce low-cost electricity by utilizing processed spent fuel pellets, which would otherwise constitute radioactive waste. Moltex has secured over $6 million in funding from the Advanced Research Projects Agency-Energy to support this initiative.

Jacobs Engineering Group reported Q3 2020 financial results with gross revenue of $3.3 billion, a 2.9% increase year-over-year. Net revenue decreased by 4% to $2.7 billion. The company achieved an EPS of $1.73, up from $0.65 in Q3 2019. Adjusted EPS was $1.26, down from $1.40, reflecting a $28 million decline in adjusted net earnings. Backlog increased by $1.2 billion to $23.7 billion. Jacobs revised its FY 2020 outlook, expecting adjusted EBITDA of $1 billion to $1.05 billion and adjusted EPS of $5.05 to $5.30.