Jacobs to Continue Supporting Denver International Airport Transformation

Rhea-AI Summary

Jacobs (NYSE: J) has been selected to provide program management support services for Denver International Airport's (DEN) Consolidated Rent-A-Car Facility (ConRAC) and Common Transportation System (CTS). This project is part of DEN's capital improvement program, aimed at accommodating projected passenger growth to 120 million by 2045.

The project will consolidate rental car operations into a single facility connected to the main terminal, reducing traffic and eliminating shuttle buses. Jacobs, ranked No. 2 in Transportation by Engineering News-Record and generating $12 billion in annual revenue, will leverage its expertise in electric vehicle infrastructure, fueling operations, and transportation technologies to support DEN's expansion while focusing on sustainability.

Positive

• Secured major contract for Denver International Airport's ConRAC and CTS projects
• Strong existing relationship with DEN since 1992, having delivered over 60 critical projects
• Strategic positioning in high-growth market with DEN's projected passenger growth to 120 million by 2045
• Company demonstrates solid market position as #2 in Transportation by Engineering News-Record

Negative

• Project execution subject to potential risks from inflation and interest rate changes
• Success dependent on complex coordination of multiple stakeholders and systems
• Exposed to potential economic downturn risks as mentioned in forward-looking statements

News Market Reaction

-0.34%

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-0.34% News Effect

On the day this news was published, J declined 0.34%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Rental car facility will support passenger growth and improved airport experience

DALLAS, July 29, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was selected to provide program management support services for the Consolidated Rent-A-Car Facility (ConRAC) and Common Transportation System (CTS) at Denver International Airport (DEN). This project is a critical component of the airport's ambitious capital improvement program aimed at increasing safety, enhancing the passenger experience and operational efficiency, and becoming a world leader in sustainable aviation.

As one of the fastest-growing airports globally, DEN is projected to reach more than120 million passengers by 2045. The ConRAC and CTS projects are integral to this growth, providing a seamless and efficient rental car experience for travelers — including introducing an accessible system to move people from the ConRAC to the terminals.

"Consolidating rental car operations in a single facility connected to the main terminal by a common transportation system reduces traffic in the terminal area, eliminates the unsustainable numbers of shuttle buses, frees up curb space and allows redevelopment of surface lots for future needs," explained Jacobs Vice President and Transportation Director for the Americas Steve Pelham. "For Denver International Airport, these enhancements will provide critical space as the airport expands to meet demand."

In addition to its global program management experience, Jacobs will bring specific knowledge in electric vehicle infrastructure, fueling operations, traffic design, customer interface and CTS technologies to support the expanding capacity of the airport, while reducing environmental impact and integrating smart solutions.

"As an economic engine for Colorado, Denver International Airport drives significant growth and development across the state," said Jacobs Executive Vice President Eva Wood. "Continuing our legacy of supporting the airport since its inception, Jacobs is dedicated to fuelling this next chapter of their growth."

Jacobs has provided professional services at DEN since 1992, delivering more than 60 critical projects, including the Great Hall Improvement Program, award-winning Concourse Expansion Program and Gate Apron Reconstruction and Drainage Improvements.

Ranked No. 2 in Transportation by Engineering News-Record, Jacobs helps clients move people, goods and freight – whether by air, sea, underground or even through mountains. Jacobs' solutions help plan, develop, finance, design, construct, maintain and operate smart transportation infrastructure that connects people and communities around the world – projects such as ongoing developments at Hartsfield- Jackson Atlanta International Airport, O'Hare International Airport and Los Angeles International Airport.

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, 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 Jacobs' (NYSE: J) role in the Denver International Airport transformation project?

Jacobs will provide program management support services for the Consolidated Rent-A-Car Facility (ConRAC) and Common Transportation System (CTS), focusing on consolidating rental car operations and improving transportation efficiency.

How many passengers is Denver International Airport expected to handle by 2045?

Denver International Airport is projected to handle more than 120 million passengers by 2045, making it one of the fastest-growing airports globally.

What is Jacobs' annual revenue and market position in transportation?

Jacobs generates approximately $12 billion in annual revenue and is ranked No. 2 in Transportation by Engineering News-Record.

How long has Jacobs been working with Denver International Airport?

Jacobs has been providing professional services at Denver International Airport since 1992, delivering more than 60 critical projects.

What are the main benefits of the ConRAC facility at Denver International Airport?

The ConRAC facility will reduce terminal traffic, eliminate shuttle buses, free up curb space, and allow redevelopment of surface lots for future needs, while providing a more efficient rental car experience for travelers.