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.
Electreon, a leader in wireless EV charging, reported a significant breakthrough year in 2021, expanding its commercial projects in the US, Europe, and Israel. The company achieved a cash balance of 124 million ILS ($39 million) and increased its staff by 130%. Electreon secured its largest wireless EV charging contract with the Dan Bus Company in Israel, introducing its Charging-as-a-Service model. The company focused heavily on R&D, investing 14 million ILS ($4.4 million) to prepare for upcoming projects, amidst a growing demand for Electric Road Systems (ERS).
Jacobs (NYSE:J) has entered a three-year agreement with Intelinair to enhance agricultural technology. This partnership, effective from 2022 to 2024, aims to integrate Jacobs' advanced aerial imagery and multispectral sensor systems with Intelinair's AI-driven AGMRI platform. The collaboration will provide comprehensive crop insights, supporting sustainability efforts and market expansion. Jacobs has doubled its service capacity since 2021, further emphasizing its commitment to digital solutions in agriculture. Financial specifics of the agreement remain undisclosed.
Jacobs (NYSE:J) has been awarded a contract by Empire Offshore Wind for the detailed design of the South Brooklyn Marine Terminal (SBMT). This terminal will serve as a key operations and maintenance hub for offshore wind farms off Long Island. The redevelopment of over 70 acres will boost clean energy production and reduce carbon emissions, providing energy to over two million homes. Construction is expected to start in the second half of 2023, supporting local job creation in the renewable energy sector.
NetAbstraction has expanded its collaboration with Jacobs (NYSE:J) to deliver Zero Trust network privacy technology to the global education community. This alliance aims to provide advanced ransomware protection specifically tailored for academic institutions, which are frequently targeted by cyber adversaries.
Under this strategic partnership, Jacobs will offer NetAbstraction's NetAccess and NetEnclave solutions, enhancing the cybersecurity resilience of educational entities amidst rising cyber threats.
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.