Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE:J) has secured a contract from the U.S. Air Force Life Cycle Management Center valued at up to $455M for the operations, maintenance, and sustainment (OM&S) of critical systems at the NORAD Cheyenne Mountain Complex. The contract, effective from June 25, 2020, spans six years and supports Command and Control systems across multiple Air Force bases. Jacobs emphasizes its commitment to enhancing U.S. Air Force capabilities in facing threats and maintaining space situational awareness. The company reported $13 billion in revenue and employs over 55,000 people.

Jacobs (NYSE:J) announced new leadership roles for Ken Gilmartin and Patrick Hill in its People & Places Solutions (P&PS) line of business, effective August 1, 2020. Gilmartin will lead the Americas and global Advanced Facilities from Philadelphia, while Hill will oversee operations in Europe, Middle East, Africa, Asia, Australia, and New Zealand from London. Both executives will join Jacobs' leadership team and are expected to enhance P&PS’ strategy and client solutions, which include facilities for life-saving therapies, clean water, and smart environments.

Jacobs (NYSE:J) has partnered with Australian rail group John Holland to provide design and construction services for the More Trains, More Services project in Sydney, valued at approximately $195 million AUD. This initiative aims to upgrade critical infrastructure along the T4 Illawarra, T8 Airport, and South Coast lines, enhancing reliability and service frequency for commuters. Construction is expected to begin mid-2020, ahead of improvements slated for late 2022. The project is part of the New South Wales Government's modernization program over the next decade.

On July 20, 2020, Jacobs (NYSE:J) announced the development of a new COVID-19 modeling software utilizing probabilistic techniques and various datasets to aid clients in assessing virus propagation and implementing safety measures. This model supports decision-making for public transportation and capital projects, allowing clients to explore different scenarios. It has been reviewed by the University of Cambridge and is already assisting Network Rail High Speed in the U.K. The company's revenue stands at $13 billion with over 55,000 employees.

Jacobs (NYSE:J) is set to announce its fiscal third quarter 2020 earnings results before market open on August 3, 2020. A conference call will follow at 12:00 p.m. ET, during which management will discuss the company's performance and operational trends. Jacobs reported $13 billion in revenue and employs over 55,000 staff, providing a wide range of professional services for various sectors. Investors and interested parties can access the call via a webcast.

Jacobs (NYSE:J) has been selected by Hanwha Energy Corporation to provide owner's engineer services for a new 100 MWac solar photovoltaic power plant in Pekan, Malaysia. This project, expected to commence operations in 2021, is part of Malaysia's initiative to diversify its energy sources, aiming to boost renewable energy from 2% to 20% by 2030. Jacobs has previously contributed to phases I and II of Malaysia's Large-Scale Solar program, further solidifying its role in advancing sustainable energy in the region.

On July 8, 2020, Jacobs (NYSE:J) announced a significant milestone in collaboration with NASA's Exploration Ground Systems Program at Kennedy Space Center. The motor segments of the Solid Rocket Boosters (SRB) arrived at KSC on June 15, 2020, pivotal for NASA's Artemis I mission, aimed at human deep space exploration. Jacobs, serving as NASA's largest services contractor, will handle final inspections and integration of the SRB components. Each SRB segment will deliver 3,600,000 pounds of thrust, contributing to the SLS rocket's power. Jacobs reported $13 billion in revenue and was recognized as KSC's Large Business Prime Contractor of the Year for 2019.

Jacobs (NYSE:J) has been selected to manage the rehabilitation of the Koramangala & Challaghatta Valley Used Water Treatment Plant in India for the Bangalore Water Supply and Sewerage Board. This project aims to enhance the facility's capacity to treat 248 million litres of water per day, including the establishment of a new biosolids management facility. Completion is expected by 2022, providing treated water for irrigation in water-stressed regions. The initiative supports BWSSB's vision for a circular water economy in Bangalore.

Jacobs (NYSE:J) has been appointed the sole service provider for multi-disciplinary technical services at the U.K.'s national disposal facility for low-level radioactive waste, effective June 2020. This four-year framework will enhance Jacobs' support for LLW Repository Ltd in managing the repository in West Cumbria. Key services include developing storage strategies, system enhancements, and project management. Jacobs aims to foster long-term collaboration and contribute socio-economically in the region, reinforcing its commitment to effective repository management.