Jacobs Selected to Operate and Maintain Jackson, Mississippi, Water Treatment System
Rhea-AI Summary
Jacobs (NYSE:J) has secured a 10-year contract to operate and maintain Jackson, Mississippi's water treatment system through JXN Water. The contract extends their previous short-term O&M agreement that has been serving nearly 180,000 residents. The scope includes managing the O.B. Curtis and J.H. Fewell water treatment plants, groundwater well system, booster stations, and water storage tanks.
Since early 2023, Jacobs has been implementing repairs, upgrades, and process adjustments while supporting capital projects to stabilize the water system. The new contract will focus on comprehensive operation of water treatment facilities, ensuring regulatory compliance, and overseeing JXN Water's capital improvement plan. The company will also work on developing a dedicated workforce to maintain service standards.
Positive
- Secured long-term 10-year contract for water system operations
- Expands service coverage to 180,000 residents
- Builds on existing successful operations since 2023
- Provides comprehensive management of multiple water treatment facilities
Negative
- None.
News Market Reaction – J
In the trading session that priced this news, J gained 1.87%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Ten-year contract will continue to improve water service in
Under the new 10-year contract, Jacobs will continue to manage and provide programmatic support and oversight for the O.B. Curtis and J.H. Fewell water treatment plants, along with the groundwater well system, booster stations and water storage tanks.
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Jacobs has provided initial O&M services under a short-term contract in
Building on these successes, Jacobs will continue comprehensive operation of the water treatment facilities, ensuring optimal performance and compliance with regulatory standards. Additionally, Jacobs will provide programmatic design and construction oversight of JXN Water's capital improvement plan ensuring the development of a dedicated workforce to serve customers and maintain high standards of service.
"JXN Water is pleased to have Jacobs as our long-term partner as we work together to ensure
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to the impact of the recently completed separation transaction pursuant to which we spun off and merged our Critical Missions Solutions and Cyber & Intelligence government services businesses with Amentum (together, "new Amentum ") on Jacobs' and new Amentum's businesses, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation related to governmental spending, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others, and the impact of any future pandemic or infectious disease outbreak, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
For press/media inquiries:
media@jacobs.com
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SOURCE Jacobs