Jacobs to Continue Leading America's Largest Community College Capital Program

Rhea-AI Summary

Jacobs (NYSE: J) has secured a five-year contract extension to continue managing the $15.1 billion BuildLACCD Bond Program for the Los Angeles Community College District. The company will oversee $3.3 billion in active projects across nine colleges, benefiting 250,000 students and faculty members.

Over the past seven years, Jacobs has completed nearly 200 projects and initiated 475 new construction and modernization projects for LACCD. The program encompasses housing, sustainability, IT modernization, and capital improvements. Jacobs, ranked No. 2 in Program Management by Engineering News-Record, manages approximately $12 billion in annual revenue with a workforce of 45,000 employees.

Positive

• Secured major five-year contract extension for $15.1B program management
• Overseeing $3.3B in active projects across nine colleges
• Successfully completed 200 projects and initiated 475 new ones in past seven years
• Strong market position as #2 in Program Management by Engineering News-Record
• Demonstrates continued trust from major institutional client

Negative

• Significant exposure to government funding uncertainties and policy risks
• Project execution subject to inflation and interest rate pressures
• Vulnerable to potential recession and economic downturn impacts

News Market Reaction

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On the day this news was published, J declined 1.83%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Shaping higher education in California through $3.3 billion campus modernizations

DALLAS, Sept. 23, 2025 /PRNewswire/ -- Jacobs (NYSE: J) has been selected by the Los Angeles Community College District (LACCD) to continue delivering program management services for its $15.1 billion BuildLACCD Bond Program, extending a relationship that has helped transform academic infrastructure across the district's nine colleges.

The five-year contract continues to advance LACCD's program to meet the needs of the next generation. Jacobs' ongoing role maintains momentum on critical facility, housing and athletic infrastructure projects benefiting 250,000 students and faculty members and the broader Los Angeles community.

"With decades of global program management experience, Jacobs understands what it takes to deliver complex capital programs at scale," said Jacobs Executive Vice President Eva Wood. "What makes this work meaningful is the opportunity to continue supporting the Los Angeles Community College District in building facilities that empower students, strengthen neighborhoods and create lasting, community-driven impact in Los Angeles."

During the past seven years, Jacobs and LACCD have implemented some of the highest year-over-year construction volumes in district history, reaching substantial completion on nearly 200 projects, and initiating a total of 475 new construction and modernization projects. Continuing this record-setting progress, Jacobs will oversee more than $3.3 billion in active projects spanning housing, sustainability, IT modernization and capital improvements for the next phase of the BuildLACCD Bond Program.

Ranked No. 2 in Program Management by Engineering News-Record, Jacobs delivers some of the world's most complex infrastructure, including similar capital improvement programs for Tarrant County College District in Texas, the University of California, San Francisco, and Dallas Independent School District, and working in more than 15,000 learning environments – supporting roughly one in eight schools across the U.S. – to transform campuses into dynamic spaces for innovation, research and student success.

At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook.  

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 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 and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the new tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, 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, and 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. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. 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

FAQ

What is the total value of the BuildLACCD Bond Program that Jacobs (NYSE: J) is managing?

Jacobs is managing the $15.1 billion BuildLACCD Bond Program, which is America's largest community college capital program.

How many projects has Jacobs completed for LACCD in the past seven years?

Jacobs has reached substantial completion on nearly 200 projects and initiated 475 new construction and modernization projects for LACCD.

What is the value of active projects Jacobs will oversee in the next phase?

Jacobs will oversee $3.3 billion in active projects spanning housing, sustainability, IT modernization and capital improvements.

How many students and faculty members will benefit from the LACCD program?

The program benefits 250,000 students and faculty members across LACCD's nine colleges, plus the broader Los Angeles community.

What is Jacobs' current annual revenue and employee count?

Jacobs generates approximately $12 billion in annual revenue and employs a team of almost 45,000 people.