Welcome to our dedicated page for Jacobs Engr Group news (Ticker: J), a resource for investors and traders seeking the latest updates and insights on Jacobs Engr Group stock.
Jacobs Solutions Inc. provides engineering, consulting, design, program management and lifecycle services for public- and private-sector infrastructure and industry clients. Company news commonly covers quarterly results, backlog and cash-return actions, as well as contract awards in transportation, water, energy, environmental, life sciences, advanced manufacturing, and cities and places markets.
Recurring updates also include mobility and transit design work, power transmission and distribution frameworks, flood resilience and AI-enabled infrastructure tools such as Flood IQ, and consulting assignments for cities, utilities and government agencies.
Jacobs (NYSE: J) has been appointed by Northern Ireland Water to a new professional services framework supporting water and wastewater capital improvements. The framework covers feasibility, design, and climate change management services for a six-year investment program, running for an initial four-year period with a possible four-year extension. The scope includes design services for major projects, water and wastewater network modeling, and climate adaptation and net zero planning. Northern Ireland Water serves approximately 840,000 households and businesses in Northern Ireland.
Jacobs (NYSE: J) has been selected by the U.S. Bureau of Reclamation to design and build the San Juan Lateral Water Treatment Plant in northwest New Mexico, a $267 million project. This plant is the largest component of the Navajo-Gallup Water Supply Project, aimed at providing water to approximately 250,000 people in 43 Navajo chapters.
The plant will initially treat 18.8 million gallons of water per day, with the capacity to double. The project includes commissioning the San Juan Lateral distribution system and operations and maintenance. When complete, the water supply project will divert 37,761 acre-feet of water annually from the San Juan River Basin through two water treatment plants.
The Navajo-Gallup Water Supply Project is 70% complete, with initial water deliveries expected in late 2028 and final completion by the end of 2029. This project is important for improving living conditions in Navajo communities, providing water for various facilities beyond basic drinking water.
Jacobs (NYSE:J) has been selected by Aerostar Airport Holdings, to provide architecture and engineering consulting services for capital improvements at Luis Muñoz Marín International Airport (SJU) in San Juan, Puerto Rico. The project aims to address infrastructure improvements, increasing passenger and aircraft traffic demand, and mitigate future climate change impacts.
Jacobs will support projects including taxiway reconstructions, runway improvements, airport sustainability efforts, and a pavement management system. The company will also assist with grant management, planning, design, and construction oversight. This initiative is important as SJU accounts for over 90% of Puerto Rico's total passenger volume and serves as a hub for the Caribbean, with passenger growth up 40% in the last decade.
The Jacobs-Seymour Whyte Joint Venture has been selected by Sydney Water to provide Engineering, Procurement and Construction Management (EPCM) services for the Upper South Creek Networks (USCN) Program in Western Sydney. This program is important for supporting the region's rapid growth, with an estimated 90,000 new dwellings and 200,000 jobs expected in the next three decades.
The USCN Program will deliver approximately 60 miles (96 kilometers) of wastewater pipelines and nine pumping stations across five precincts. It will connect to the Advanced Water Recycling Centre, currently under construction. The integrated delivery model aims to ensure resilient, affordable, and sustainable wastewater services for the growing population.
Jacobs, ranked No.1 in Program Management by Engineering News-Record, brings its expertise in complex infrastructure projects to this venture, reinforcing its global leadership in water infrastructure development.
Jacobs (NYSE: J) has been appointed by CG Semi Private for the engineering design of a new Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, India. Jacobs will serve as the engineering, procurement and construction services (EPCS) partner on the Mini Line and engineering partner on the Main Line.
The main facility is planned to be built on over 28 acres and will manufacture a variety of advanced and legacy packages for industries such as automotive, consumer, industrial, and 5G. This project highlights Jacobs' commitment to delivering innovative solutions in India's expanding semiconductor market, leveraging their extensive experience in the U.S., Europe, and Asia.
Jacobs (NYSE: J) has been appointed by the UK Department for Energy Security & Net Zero to provide technical project management support for the Carbon Capture, Usage and Storage (CCUS) program. This initiative is important for the UK's commitment to achieve a net-zero economy by 2050.
Jacobs will deliver technical project management, strategic and change management advisory services, data solutions, and risk and quality management. The contract has an initial term of two years, with the option to extend for up to two additional one-year periods.
The CCUS program aims to decarbonize industry, generate low-carbon energy, and enable large-scale low-carbon hydrogen production. It will create 'clusters' of industrial, power, and hydrogen projects around transport and storage infrastructure, facilitating the UK's industrial base's low-carbon transformation.
Jacobs (NYSE: J) has secured a new five-year contract with Lincoln-Sewer Management District 1 Wastewater Authority (LiSWA) in California. The company will operate, maintain, and manage LiSWA's wastewater treatment and reclamation facility, integrating existing staff into their team. Jacobs will implement its Digital OneWater suite of solutions, including Intelligent O&M, to provide efficient wastewater services for over 74,000 people.
The contract involves optimizing biosolids management processing and storage capacity, as well as exploring expansion of biosolids drying greenhouses. This partnership aims to enhance operational resilience and meet tightening state regulations. LiSWA General Manager Jim Mulligan expressed satisfaction with Jacobs' selection and their ability to retain skilled existing staff.
Jacobs has a strong presence in California, contributing to major infrastructure projects such as the Pure Water Project, ARCHES hydrogen hub, and various initiatives in Los Angeles and San Francisco.
Jacobs (NYSE: J) has completed the spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses, which have merged with Amentum Parent Holdings to form Amentum Holdings, Inc. (NYSE: AMTM). This strategic move transforms Jacobs into a more focused, higher-value company specializing in critical infrastructure and sustainability solutions.
The simplified Jacobs will concentrate on high-growth sectors such as advanced manufacturing, cities & places, energy, environmental, life sciences, transportation, and water. The company retains its innovative data solutions and digital technologies business, important for delivering digitally enabled critical infrastructure solutions.
Post-transaction, Jacobs' shareholders hold approximately 51% of Amentum's stock, with Jacobs retaining a 7.5% stake. An additional 4.5% is held in escrow as contingent consideration, subject to the Separated Business meeting certain fiscal year 2024 operating profit targets.
Jacobs (NYSE:J) has announced a quarterly cash dividend of $0.29 per share of common stock. The dividend will be paid on November 22, 2024, to shareholders of record at the close of business on October 25, 2024. This decision was made by Jacobs' Board of Directors, demonstrating the company's commitment to returning value to its shareholders.
Jacobs (NYSE:J) has been selected by the New York Metropolitan Transportation Authority (MTA) as the program management consultant for the Long Island Rail Road (LIRR) station improvements project. The project focuses on modernizing three of New York City's busiest stations: Babylon, Forest Hills, and Hollis.
Jacobs will provide program management services, overseeing construction and commercial management, design compliance, and risk identification. The project aims to bring these stations into Americans with Disabilities Act (ADA) compliance, improving accessibility and passenger safety.
Key improvements include installation and rehabilitation of ADA-compliant elevators, escalators, ramps, platform and canopy replacements, as well as architectural and wayfinding upgrades. The total contract value is estimated at $227.5 million, with final completion anticipated in 2026.