Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE:J) has been selected by the City of Omaha, Nebraska to develop a real-time control decision support system for the city's wastewater collection network. The project will leverage Jacobs' Digital OneWater solution, Aqua DNA, using data from SCADA systems and sensors to optimize sewer performance, reduce combined sewer overflows (CSOs), and lower operational costs.

Jacobs will design three Long Term Control Plan capital projects, utilizing machine learning and AI for real-time insights. The project continues Jacobs' role from the $2 billion CSO Program (2006-2023), and involves cybersecurity enhancements for Omaha's SCADA systems. This initiative supports over 600,000 residents and aims to provide long-term environmental benefits to the Missouri River watershed.

Jacobs (NYSE:J) has been chosen by the Washington State Department of Transportation to lead the SR 509 Stage 2 Completion Project. This initiative is part of the Puget Sound Gateway Program, connecting I-5 and SR 509, enhancing access to Sea-Tac Airport and the Port of Seattle. Jacobs, partnered with Guy F. Atkinson Construction, will design and build five new bridges, modify an existing one, and develop stormwater and active transportation infrastructure.

The project aims to reduce congestion and improve connectivity in the Kent Valley. Jacobs and Atkinson have a 19-year collaborative history with the Washington State Department of Transportation, providing significant transportation improvements in the state. Jacobs, ranked No. 2 in Transportation by Engineering News-Record, has a strong track record in managing large-scale infrastructure projects globally. Jacobs generates approximately $16 billion in annual revenue and employs over 60,000 people worldwide.

Jacobs (NYSE:J) has been contracted by the City of Hamilton, Ontario, to undertake the Phase 2 expansion of the Woodward Avenue Wastewater Treatment Plant. This project, with an estimated capital cost of $310 million USD ($420 million CAD), aims to support Hamilton's Clean Harbour Program and address environmental concerns in Hamilton Harbour. The expansion will enhance the plant's capacity and efficiency, accommodating future population growth and improving water quality. Jacobs, having completed Phase 1 last year, will provide preliminary and final design services for this phase, which includes major upgrades and additions to the treatment facilities. The project is targeted for completion by the end of 2032.

Jacobs (NYSE: J) has been selected by Los Angeles World Airports (LAWA) as one of 15 lead consultants for its Capital Improvement Program. This task order-based professional services contract is the largest of its kind in LA's history and focuses on modernization projects at Los Angeles International Airport (LAX) and Van Nuys Airport (VNY). The contract emphasizes inclusivity, engaging over 30 small, diverse business partners. Jacobs' involvement aims to enhance the city's infrastructure in preparation for upcoming sporting events.

Jacobs (NYSE:J) has been chosen by the U.K.'s National Nuclear Laboratory (NNL) to assist in developing a high-temperature gas reactor (HTGR) for industrial applications. Collaborating with the Japan Atomic Energy Agency, the project aims to aid the decarbonization of heavy industries like steel and cement production.

Jacobs will review initial designs, cost, and schedule estimates, ensuring regulatory compliance and market demand. Funded by the UK Department for Energy Security and Net Zero (DESNZ), this project is part of a broader effort to develop and demonstrate HTGR technology. Success in this phase could lead to detailed design, manufacturing, and commissioning of an HTGR demonstrator.

Jacobs, known for its extensive expertise in nuclear technology, aims to contribute significantly to the U.K. market. The project aligns with Jacobs' goal of addressing critical global challenges and contributing to net-zero targets.

Jacobs (NYSE:J) has been selected by Hertfordshire County Council to provide comprehensive highways and environmental services aimed at upgrading the public highways network in Hertfordshire, UK. The collaboration, starting in October 2024 with an initial five-year term and possible extensions up to 14 years, is valued at $22 million (£17 million) per year. The project involves program and asset management, focusing on sustainability and social equity, with PA Consulting, Tetra Tech, Tony Gee, and Brightly as key partners. Jacobs aims to bolster local economy, skills, and jobs, ultimately benefiting over a million residents. The project underscores Jacobs' commitment to innovative, resilient infrastructure solutions.

Jacobs (NYSE:J) has been selected by the UK Atomic Energy Authority (UKAEA) for a four-year multi-supplier Engineering Design Services (EDS) framework. Valued at up to $11.25 million (£9 million), this framework supports the development of the UK's industrial supply chain capability.

Jacobs will provide support in mechanical, process, electrical, control, instrumentation, systems engineering, computer-based modeling, and specialist nuclear services. Jacobs will work closely with UKAEA on fusion energy research at the Culham Campus, including the STEP program, which aims to build a prototype fusion power plant by 2040.

Additionally, Jacobs continues to support ITER, the world's largest fusion energy project in France, employing over 350 people in fusion-related roles globally.

Jacobs (NYSE:J) has been chosen to provide program management services for Broward County's first public transit expansion, a $4.4 billion, 30-year project. The program includes a light rail route connecting Fort Lauderdale-Hollywood International Airport to Port Everglades, along with bus rapid transit, commuter rail, and transit-oriented development, including affordable housing. Jacobs will manage the project under a five-year, $17.5 million contract. This initiative aims to enhance connectivity, sustainability, and economic growth in Broward County, which has seen significant population increases. Jacobs brings extensive experience from similar large-scale infrastructure projects, emphasizing economic and community benefits.

Jacobs (NYSE:J) has appointed Venk Nathamuni as its new Chief Financial Officer, effective June 3, 2024. Nathamuni brings over 30 years of experience, including 15 years in executive finance roles, and will oversee Jacobs' financial operations, capital allocation, and investor relations. He previously served as CFO at Cirrus Logic, a $6 billion semiconductor company. Jacobs CEO Bob Pragada emphasized Nathamuni's strategic vision and leadership. Interim CFO Kevin Berryman will assist in the transition and continue as Special Advisor to the CEO. Nathamuni holds an MBA from Wharton and degrees in engineering from SUNY Stony Brook and Madurai Kamaraj University, India.