Jacobs Engr Group Inc Stock Price, News & Analysis

Jacobs (NYSE:J) has been selected to lead an international consortium for the INCEFA-SCALE program, aimed at extending the operational lifespan of nuclear power plants. This $8.1 million European Union-funded initiative will address gaps in environmental fatigue assessment of critical components in nuclear reactors. By utilizing extensive data mining and testing, the program seeks to enhance the understanding of component performance, potentially preventing unnecessary plant closures.

Jacobs (NYSE:J) has secured a position on Affinity Water's River Restoration Framework, valued at $4 million (GBP £3 million), to manage and design river restoration projects across 14 catchments in England from 2020 to 2025. This multidisciplinary effort aims to enhance environmental conditions, supporting regulatory compliance and sustainable water use. Jacobs' team of experts will focus on improving water quality and biodiversity while engaging with local communities. The initiative aligns with the company's broader goals of driving sustainable infrastructure solutions.

Jacobs (NYSE:J) has been selected by the United Kingdom Atomic Energy Authority (UKAEA) to support nuclear fusion research at the Culham Science Centre. This collaboration focuses on engineering design and the installation of control panels for the RACE facility. Jacobs will manufacture components at its Barton facility, enhancing project outcomes through integrated design and execution. The UKAEA's goal is to develop carbon-free electricity through fusion technology. The partnership includes an additional contract to provide nuclear services across various fusion programs.

Jacobs has been chosen by Metra to deliver engineering and design services for the Rock Island Connection (P2) as part of the 75th Street Corridor Improvement Project under the CREATE program. This major project aims to alleviate congestion in Chicago by enabling faster services on the Metra SouthWest Service line. The double-track flyover structure facilitates dedicated tracks for Metra trains, increasing rail capacity at Union Station. Jacobs plans to collaborate with nine Disadvantaged Business Enterprise firms, enhancing community infrastructure and local workforce development.

The Board of Directors of Jacobs (NYSE:J) has announced a quarterly cash dividend of $0.19 per share, payable on October 30, 2020, to shareholders of record by October 2, 2020. With a robust revenue of $13 billion and a workforce of approximately 55,000, Jacobs continues to provide a wide range of professional services, enhancing shareholder value. This dividend reflects the company's ongoing commitment to return income to its shareholders.

Manny Fernandez has been elected to Jacobs' Board of Directors, effective October 5, 2020. After over 36 years at KPMG, where he led significant teams and worked with major clients, Fernandez brings extensive expertise in business operations, mergers, and talent management. His emphasis on diversity aligns with Jacobs' culture, which features a board composition that is 50% female or ethnically diverse. Jacobs, a leader in professional services with $13 billion in revenue, aims to tackle global challenges with innovative solutions.

Jacobs achieves a significant milestone with the U.S. Air Force Life Cycle Management Center, completing the flight campaign for its KeyRadar® product integrated into the AgilePod® system. This certification marks the first time the pod has been deemed airworthy for flight testing on commercially operated aircraft under FAA criteria. The collaboration has enhanced Jacobs' ISR and target detection capabilities, leveraging advanced software-defined technology. Jacobs, boasting $13 billion in revenue and over 55,000 employees, continues to innovate in defense and intelligence solutions.