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Jacobs (NYSE:J) and Stantec have been awarded a Program Control Services contract by Infrastructure Ontario and Metrolinx for four major transit projects in the Greater Toronto Area, valued at $28.5 billion. The projects include the Ontario Line, Scarborough Subway Extension, Yonge Street North Subway Extension, and Eglinton Crosstown West LRT extension. This initiative aims to enhance transit access, reduce travel times, and improve connectivity for millions. Jacobs expressed confidence in delivering reliable transit services and managing this complex program.
On December 10, 2020, Jacobs (NYSE:J) announced it has successfully transitioned to 100% renewable energy for its operations and achieved net-zero carbon emissions in 2020. This milestone aligns with their Climate Action Plan, aiming to address the climate crisis. Jacobs has also published carbon reduction targets covering Scope 3 emissions, approved by the Science Based Target Initiative. The company aims to become carbon negative by 2030 and has joined over 300 companies in the UN's Business Ambition for 1.5°C initiative.
Jacobs (NYSE:J) has partnered with Singapore's National Water Agency, PUB, to develop a pioneering whole plant simulation model for the Changi Water Reclamation Plant (CWRP). This model, using Jacobs' Replica™ Digital Twin Platform, integrates real-time data with software simulation to optimize plant operations and predict performance. Expected completion of the trial is set for December 2020. With over $14 billion in revenue, Jacobs aims to enhance operational resilience and efficiency in wastewater management.
Jacobs has been appointed by Pulau Indah Power Plant Sdn Bhd to provide owner's engineer services for a 1,200 MW Combined Cycle Power Plant in Klang, Malaysia. This follows another contract for a 100 MW solar plant in Pekan, highlighting Jacobs' role in advancing low-carbon energy in Southeast Asia. The new plant aims to enhance power supply, attract industrial investments, and create jobs. Commercial operations are expected to start in January 2024, with Tenaga Nasional Berhad purchasing the power generated. The project utilizes advanced HA turbine technology for efficiency and lower emissions.
Jacobs (NYSE:J) has announced the acquisition of a 65% stake in PA Consulting, valuing the firm at £1.825 billion ($2.4 billion). The remaining 35% will remain with PA employees. This partnership aims to combine Jacobs' technological expertise with PA's consulting knowledge to address complex challenges in various sectors, including health and life sciences. The deal, expected to close by the end of Jacobs' fiscal Q2 2021, includes a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to support PA's growth.
Jacobs has launched a new cloud-based platform, Pavy, designed to enhance airfield asset management. Following successful trials worldwide, the platform aims to assist airport operators in making strategic, cost-effective decisions about airfield pavements, especially crucial in light of COVID-19. Developed from principles established at Heathrow Airport, Pavy enables airports to better plan pavement investments and optimize capital expenditures over five years, thereby improving funding requests and balancing costs with performance.
Jacobs (NYSE:J) has been appointed to Melbourne Water's Engineering Services Panel, becoming one of only two consultants selected. Over an initial three-year term, potentially extendable up to seven years, Jacobs will provide engineering consulting services, including strategic planning and feasibility studies. This partnership aims to enhance project outcomes and address urban challenges such as population growth and climate change. Jacobs, with $13 billion in revenue and over 55,000 employees, seeks to improve water resilience and community livability for Melburnians.
The Board of Directors of Jacobs (NYSE:J) has announced a quarterly cash dividend of $0.19 per share, payable on October 30, 2020, to shareholders of record by October 2, 2020. With a robust revenue of $13 billion and a workforce of approximately 55,000, Jacobs continues to provide a wide range of professional services, enhancing shareholder value. This dividend reflects the company's ongoing commitment to return income to its shareholders.
