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Jacobs Solutions Inc. - J STOCK NEWS

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.

News

Jacobs Increases Quarterly Dividend

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Jacobs (J) has declared a quarterly cash dividend of $0.29 per share, marking an 11.5% increase from its previous dividend of $0.26. The dividend will be paid on March 22, 2024, to shareholders of record as of Feb. 23, 2024.
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Jacobs Awarded $132 Million UK Ministry of Defence Research and Technology Contract

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Jacobs (NYSE:J) has been awarded a $132 million contract to provide research and technology services to the United Kingdom's naval nuclear propulsion program, supporting the Royal Navy's submarines. The contract runs until 2032 and includes essential technical support for the reactors powering the submarines, as well as future reactor development. This work is crucial for national security, as the U.K. is building new submarines and developing a new type of submarine under the AUKUS security agreement with the U.S. and Australia. Jacobs also provides nuclear safety and technical advice to the Royal Navy's submarine service under a separate $230 million, 10-year contract. The company's work is expected to support 100 more U.K. jobs, with Jacobs already employing over 11,000 people across the country.
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Jacobs to Manage Sustainable Transport Program for Ireland's National Transport Authority

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Jacobs (NYSE:J) has been selected as a consultant for the BusConnects Cork Sustainable Transport Corridors program, aimed at enhancing mobility in Cork, Ireland. The program will provide better walking, cycling, and bus infrastructure for 11 key access corridors, with plans for new bus routes, cycling lanes, improved bus frequencies, new bus stops, and shelters, and the transition to a zero-emission bus fleet. Jacobs is also supporting the planning process for the NTA's BusConnects Dublin program.
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Jacobs to Hold Its Fiscal First Quarter 2024 Earnings Conference Call and Webcast

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Jacobs (J) is set to release its fiscal first quarter 2024 earnings results on February 6, 2024. The company will host a conference call to discuss the results and operating trends, offering interested parties the opportunity to listen via webcast and view accompanying slides at jacobs.com.
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Jacobs Appointed as Sunwater's Engineering and Professional Services Partner

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Jacobs (NYSE:J) appointed as Engineering and Professional Services Partner by Sunwater Limited in Queensland, Australia. Jacobs to deliver engineering consulting services to support water infrastructure upgrade projects, including civil, hydraulic, geotechnical, electrical, and mechanical disciplines. Sunwater aims to upgrade six dams by 2035 to maintain a safe, secure water supply for the region.
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Jacobs to Provide Technical Advisory for M28 Motorway in Ireland

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Jacobs (NYSE:J) selected as technical advisor for the new M28 motorway project in County Cork, Ireland. The project aims to improve transport connectivity and support sustainable economic development. The motorway is scheduled to be completed by 2030.
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Jacobs Supports Innovative Nuclear Reactor Developer in France

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Jacobs (NYSE: J) has been selected to support Naarea, a French start-up developing a new nuclear power reactor, to promote energy security and the circular economy. Naarea's innovative XAMR® micro generator design has the potential to create considerable savings and promote the circular economy, drawing on the latest developments in three key areas of nuclear technology. Jacobs will collaborate with Naarea to deliver safe, clean, and sustainable nuclear energy under a three-year framework, supported by the France 2030 investment plan. This partnership is key for Naarea to accelerate the development of XAMR®.
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Jacobs Reports Fiscal Fourth Quarter and Fiscal Year 2023 Earnings

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Jacobs Solutions Inc. (J) reports double-digit revenue growth in Q4, with a record annual revenue. The company also announced a spin-off and merger of critical mission solutions and cyber & intelligence businesses, aiming for a more streamlined, higher-growth, and higher-margin portfolio. Additionally, Jacobs initiated a cost optimization plan to target margin expansion, generating robust Q4 cash flow and achieving over 100% cash conversion in FY23.
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Amentum Announces Agreement to Merge with Jacobs’ Critical Mission Solutions and Cyber and Intelligence Businesses

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Amentum (AMNT) and Jacobs (J) are merging to create a new global systems integration and technology solutions leader, forming a publicly traded company with $13 billion in revenue and over 53,000 employees in 83 countries. The merger aims to modernize complex missions for the United States and its allies, focusing on government priority areas such as energy, space exploration, intelligence, analytics, and digital modernization.
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Jacobs to Spin-off and Merge its Critical Mission Solutions and Cyber & Intelligence Government Services Businesses with Amentum, Creating an Independent, Publicly Traded Company

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Jacobs (J) to Spin-Off and Combine Critical Mission Solutions and Cyber & Intelligence Businesses with Amentum, Creating a Leading Government Technology Solutions Company
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FAQ

What is the current stock price of Jacobs Solutions (J)?

The current stock price of Jacobs Solutions (J) is $140.01 as of November 15, 2024.

What is the market cap of Jacobs Solutions (J)?

The market cap of Jacobs Solutions (J) is approximately 17.5B.

What services does Jacobs Solutions Inc. provide?

Jacobs Solutions offers engineering, design, procurement, construction, and maintenance services, along with cyber engineering and security solutions.

In which sectors does Jacobs Solutions operate?

Jacobs Solutions operates in sectors such as water, transportation, healthcare, technology, and chemicals.

How much revenue did Jacobs Solutions generate in fiscal 2023?

Jacobs Solutions generated $16.4 billion in revenue and $1.3 billion in adjusted operating income in fiscal 2023.

What is a significant recent project by Jacobs Solutions?

Jacobs Solutions was selected to design, build, operate, and maintain the Alkimos Seawater Desalination Plant in Perth, Australia.

How many employees work at Jacobs Solutions?

Jacobs Solutions employs approximately 60,000 workers.

What are some key collaborations of Jacobs Solutions?

Jacobs collaborates with the UK Atomic Energy Authority, National Nuclear Laboratory, and many others on significant engineering and technological projects.

What strategic move is Jacobs Solutions currently making?

Jacobs is in the process of separating and merging its Critical Mission Solutions and parts of its Divergent Solutions business with Amentum.

Where can I find more updates about Jacobs Solutions?

For the latest updates, visit Jacobs Solutions' official website or connect with them on Facebook, Instagram, LinkedIn, and X.

What recognition does Jacobs have in water treatment?

Jacobs consistently ranks top in water treatment and desalination on Engineering News Record’s list of top design firms.

What digital solutions does Jacobs provide for wastewater management?

Jacobs offers Aqua DNA, a digital solution that enhances wastewater system performance through real-time data and AI-driven insights.

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Jacobs Solutions Inc.

NYSE:J

J Rankings

#597 Ranked by Market Cap
#1886 Ranked by Dividends

J Stock Data

17.49B
124.25M
1%
87.77%
1.09%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
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