Jacobs Engr Group Inc Stock Price, News & Analysis

NetAbstraction and Jacobs have expanded their alliance to deliver Zero Trust network privacy technology specifically for the global education sector, targeting ransomware protection for academic institutions. This strategic collaboration is designed to enhance cyber resilience by providing solutions that isolate sensitive research environments. Jacobs will now offer NetAbstraction NetAccess and NetEnclave to universities worldwide, helping to safeguard critical data and mitigate cyber threats. The services are available immediately.

NightDragon and Jacobs (NYSE:J) have formed a strategic alliance to enhance cybersecurity and intelligence technologies, targeting both commercial and government markets. The collaboration aims to create a joint cyber, intelligence, and digital (CID) ecosystem, leveraging a recently announced $750+ million growth investment fund by NightDragon. The partnership responds to evolving cybersecurity threats, focusing on securing five critical domains: land, sea, air, space, and cyber. This initiative aligns with White House priorities on public-private partnerships for faster risk mitigation.

Jacobs (NYSE:J) has supported NASA in rolling out the Artemis I rocket to Launch Pad 39B at Kennedy Space Center, marking a significant milestone in the Artemis Program. This mission aims to land the first woman and first person of color on the moon and is part of NASA's deep space exploration efforts. Following this rollout, the team will conduct a Wet Dress Rehearsal (WDR) to prepare for launch. Jacobs, as the prime contractor for NASA's Exploration Ground Systems program, is responsible for various operational tasks. The company recently received recognition as Large Business Prime Contractor of the Year.

Jacobs (NYSE:J) has been awarded a comprehensive contract by the City of North Bay, Ontario, focusing on PFAS remediation at Jack Garland Airport. The scope includes site-specific risk assessment, sampling, and development of a remediation plan. Jacobs aims to address public health concerns stemming from historical use of PFAS-containing firefighting foam. The company leverages its experienced environmental team, aiming to deliver innovative and sustainable solutions. With $14 billion in revenue, Jacobs is recognized for its leadership in environmental consulting and services.

Jacobs (NYSE:J) has been selected as the Prime Designer for the Metropolitan Transportation Authority's (MTA) Penn Station Access project, marking the largest expansion of Metro-North's regional railroad system. The initiative aims to enhance transportation options between the Bronx, Westchester, and Connecticut to Manhattan's Penn Station, including the design of four new ADA-accessible stations, new track, and infrastructure modernization. Completion is expected by 2027. This initiative reflects Jacobs' commitment to sustainable transport solutions and enhancing regional connectivity.

Jacobs (NYSE:J) revealed a new three-year strategy aimed at leveraging its business portfolio to capitalize on market opportunities through 2025. The strategy focuses on three growth accelerators: Climate Response, Consultancy & Advisory, and Data Solutions. A new unit called Divergent Solutions will enhance its Data Solutions capabilities. Jacobs projects fiscal 2022 adjusted EBITDA between $1.37 billion and $1.45 billion and adjusted EPS of $6.85 to $7.45. It anticipates earnings of ~$11.00 to ~$12.00 adjusted EPS by fiscal 2025.

Electreon and Jacobs have announced a strategic collaboration to advance wireless charging solutions for electric vehicles (EVs) in the U.S. The partnership aims to implement wireless EV charging projects across various locations, enhancing Electreon’s presence in the U.S. market. Both companies are committed to innovative technology; Jacobs has recently acquired mobility analytics and edge computing firms to support this initiative. This partnership builds on prior successful projects, including a wireless charging pilot in Detroit, supported by multiple industry players.

Jacobs (NYSE:J) has appointed Steve Arnette as EVP and President of Critical Mission Solutions (CMS), effective April 1, 2022, succeeding Dawne Hickton. Hicken's tenure saw significant growth and cultural transformation in the CMS division. Arnette, with over 25 years at Jacobs, previously led CMS's largest business unit. The leadership change aligns with Jacobs' new three-year strategy starting March 7 in the U.S. and March 15 in the U.K. Jacobs aims to leverage major trends in global security and energy for future growth.

On March 2, 2022, Jacobs (NYSE:J) and Palantir Technologies (NYSE:PLTR) announced a strategic collaboration aimed at enhancing data and technology solutions in the infrastructure and national security sectors. The initial focus is on the water sector, launching a joint data analytics service to address complex water infrastructure challenges, ultimately reducing costs and improving operational efficiency. The partnership intends to leverage Jacobs' expertise and Palantir's advanced platforms to optimize water treatment processes, manage cyber threats, and expand their services to federal government clients.