Jacobs Engr Group Inc Stock Price, News & Analysis

Jacobs (NYSE:J) secured a $101 million task-order contract for IT support services from the U.S. Army over five years. This contract emphasizes Jacobs' commitment to enhancing national security capabilities. The task order will involve maintaining hardware and software for both classified and unclassified networks supporting military operations. Jacobs aims to leverage its mission experience and digital innovation to meet the evolving needs of U.S. defense and intelligence sectors.

Jacobs (NYSE:J) has been appointed to Irish Water's Engineering Design Services Framework, aimed at enhancing water services across Ireland over the next seven years. The framework emphasizes Jacobs' commitment to supporting Irish Water's infrastructure improvements by providing various services including feasibility studies, investment planning, and asset management. Jacobs aims to leverage its global capabilities to establish a lasting impact on Ireland's water infrastructure and economic growth. The collaboration builds on a six-year relationship that resulted in key projects, further strengthening Jacobs' position in the market.

On December 10, 2020, Jacobs (NYSE:J) announced it has successfully transitioned to 100% renewable energy for its operations and achieved net-zero carbon emissions in 2020. This milestone aligns with their Climate Action Plan, aiming to address the climate crisis. Jacobs has also published carbon reduction targets covering Scope 3 emissions, approved by the Science Based Target Initiative. The company aims to become carbon negative by 2030 and has joined over 300 companies in the UN's Business Ambition for 1.5°C initiative.

Jacobs (NYSE:J) has been selected by Honduras Próspera to provide community planning services for a new city on Roatán Island, aiming to boost economic development and job creation. Their initial tasks include advising on zoning, utility systems, and municipal services. The project is organized as part of a Zone of Economic Development and Employment (ZEDE), focusing on international investment and local business growth. Jacobs brings experience from significant projects, promising sustainable community development through effective governance and resource management.

Jacobs (NYSE:J) has partnered with Singapore's National Water Agency, PUB, to develop a pioneering whole plant simulation model for the Changi Water Reclamation Plant (CWRP). This model, using Jacobs' Replica™ Digital Twin Platform, integrates real-time data with software simulation to optimize plant operations and predict performance. Expected completion of the trial is set for December 2020. With over $14 billion in revenue, Jacobs aims to enhance operational resilience and efficiency in wastewater management.

Jacobs has been appointed by Pulau Indah Power Plant Sdn Bhd to provide owner's engineer services for a 1,200 MW Combined Cycle Power Plant in Klang, Malaysia. This follows another contract for a 100 MW solar plant in Pekan, highlighting Jacobs' role in advancing low-carbon energy in Southeast Asia. The new plant aims to enhance power supply, attract industrial investments, and create jobs. Commercial operations are expected to start in January 2024, with Tenaga Nasional Berhad purchasing the power generated. The project utilizes advanced HA turbine technology for efficiency and lower emissions.

Jacobs (NYSE:J) has announced the acquisition of a 65% stake in PA Consulting, valuing the firm at £1.825 billion ($2.4 billion). The remaining 35% will remain with PA employees. This partnership aims to combine Jacobs' technological expertise with PA's consulting knowledge to address complex challenges in various sectors, including health and life sciences. The deal, expected to close by the end of Jacobs' fiscal Q2 2021, includes a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to support PA's growth.

Jacobs (NYSE:J) has appointed retired Army Lieutenant General Bruce T. Crawford as Senior Vice President of Strategic Development within its Critical Mission Solutions (CMS) line of business. Armed with over 34 years of experience in national security and information technology, Crawford aims to drive growth and innovation at Jacobs. He previously served as a key advisor to high-ranking Army officials. Jacobs reports approximately $14 billion in revenue and employs over 55,000 personnel, providing a wide range of professional services.

Jacobs has formed a strategic alliance with Biomimicry 3.8 (B3.8) to promote sustainable design practices. This collaboration introduces Positive Performance, an innovative assessment methodology aimed at helping clients enhance ecological health and community well-being. By leveraging nature-inspired solutions, Jacobs intends to lead in sustainability and regeneration. They are already collaborating on projects with notable organizations like Ford Motor Company and University of California at Davis Healthcare. Jacobs reported approximately $14 billion in revenue, demonstrating its significant market presence.