Jacobs Engr Group Inc Stock Price, News & Analysis

Jacobs (NYSE: J) has been selected by PsiQuantum to provide master planning, schematic design, and owner's engineer services for a groundbreaking utility-scale quantum computer facility in Brisbane, Australia. The 540,000 square foot complex will include a main office building, large-scale cryoplant, and Quantum Computing Center.

The project, scheduled to begin construction in late 2025 with completion by end of 2027, will be located near Brisbane Airport. The facility aims to create one of the world's first utility-scale, fault tolerant quantum computers capable of solving complex problems beyond the reach of conventional or AI computers.

This initiative aligns with Australia's National Quantum Strategy and its vision for advancing the quantum industry. The quantum computer will have potential applications across various sectors including healthcare, pharmaceuticals, chemicals, energy, national defense, and food production.

Jacobs (NYSE:J) has successfully completed an equity for debt exchange, reducing its debt by approximately $312 million. The company exchanged 19,464,174 shares of Amentum Holdings common stock for about £240 million in JEG term loans through a registered public offering that closed on March 13, 2025.

The transaction represents a significant step in Jacobs' business transformation strategy toward becoming a science-based consulting and advisory company focused on resilient, digitally enabled infrastructure solutions. Additionally, 9,732,087 Amentum shares remain in escrow, pending performance milestones related to the September 2024 merger of Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses with Amentum Parent Holdings

Amentum Holdings (NYSE: AMTM) has announced the pricing of its secondary public offering of 19,464,174 shares at $16.50 per share. The offering is expected to close on March 13, 2025.

The transaction involves a debt-for-equity exchange where a Jacobs Solutions subsidiary will exchange these shares with a BofA Securities affiliate (the Selling Shareholder), who will then sell them to the offering's underwriters. Amentum will not receive any proceeds from this transaction.

After the offering's completion, Jacobs will cease to hold Amentum shares, except for potential future receipt of 9,732,087 escrowed shares subject to performance milestones. The offering's joint book-running managers include BofA Securities, J.P. Morgan, Morgan Stanley, BNP Paribas, and TD Cowen.

Jacobs (NYSE: J) has been selected by the Boise Airport to support its multi-year capital expansion plan, responding to an 81% increase in passenger demand over the past decade. The project includes the construction of Concourse A, renovation of Concourse B, and potential terminal facility improvements.

As the owner's representative, Jacobs will oversee planning, design, and initial operations. The design phase for both concourses will begin in 2025. The expansion aims to accommodate growing demand in Idaho's capital, which currently connects to 27 non-stop destinations.

Jacobs, ranked No. 2 in Transportation by Engineering News-Record, brings expertise from major projects including Denver International Airport, Hartsfield-Jackson Atlanta International Airport, and the Manchester Airport Transformation Program. The company reports approximately $12 billion in annual revenue with a workforce of almost 45,000.

Amentum Holdings (NYSE: AMTM) has announced a secondary public offering of 19,464,174 shares of its common stock. The company itself is not selling any shares and will not receive proceeds from the offering. Jacobs Solutions Inc. subsidiary will exchange these shares for debt held by a BofA Securities affiliate (the Selling Shareholder), who will then sell the shares to underwriters.

After the offering's completion, Jacobs will no longer hold Amentum shares, except for potential 9,732,087 shares held in escrow pending performance milestones related to the merger of Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses with Amentum. BofA Securities, J.P. Morgan, Morgan Stanley, BNP Paribas and TD Cowen are serving as joint book-running managers for the offering.

Jacobs (NYSE: J) has secured a significant $13.4 million operational technology (OT) cybersecurity contract with Hampton Roads Sanitation District (HRSD). The contract will provide end-to-end cybersecurity services for industrial control systems and physical infrastructure, supporting wastewater treatment services for 1.9 million people in southeast Virginia and the Eastern Shore.

The agreement, one of the largest OT cybersecurity services contracts awarded by a US wastewater utility, includes cybersecurity assessments for over 30 square miles of wastewater infrastructure, design and integration of cybersecurity controls, and continuous monitoring operations. The contract comes amid a surge in cybersecurity threats to critical infrastructure, particularly in the water sector, over the past 18 months.

Jacobs' expertise in this field is demonstrated by their service to more than 40 water utilities across the U.S. in fiscal year 2024. The company currently generates approximately $12 billion in annual revenue and employs a team of almost 45,000 people.

Jacobs (NYSE: J) has achieved notable recognition in sustainability rankings, securing a spot in the Dow Jones Sustainability World Index for the third consecutive year and the North America Index for the fifth year running. The company also received multiple sustainability accolades, including a Gold Medal from EcoVadis and an AA rating from MSCI ESG.

With approximately $12 billion in annual revenue and a workforce of nearly 45,000, Jacobs recently launched its Evolve tool to integrate sustainability across all projects. This tool aligns with the company's commitment to having 100% of solutions connected to UN Sustainable Development Goals, measuring environmental and economic impact while linking to business financials.

Jacobs stands among only 321 organizations globally selected for the Dow Jones Sustainability World Index out of over 13,000 invited companies, reinforcing its position as a leading sustainability and infrastructure solutions provider.

Jacobs (NYSE: J) has been selected as the Construction Manager as Advisor (CMa) for the Long-Baseline Neutrino Facility (LBNF) Near Site Conventional Facilities project at Fermilab in Batavia, Illinois. The company will provide project and construction management and safety oversight for facilities housing the Deep Underground Neutrino Experiment (DUNE) Near Detector.

This selection builds on Jacobs' decade-long relationship with Fermilab and showcases the company's expertise in complex underground infrastructure projects. The DUNE program is a major international scientific collaboration involving more than 1,400 scientists and engineers worldwide studying neutrinos with detectors in Illinois and South Dakota.

The total project cost exceeds $1 billion, with construction expected to begin in 2025. Jacobs brings significant experience from previous complex projects including the Grand Central Madison program and Thames Tideway Tunnel.

Jacobs currently generates approximately $12 billion in annual revenue and employs a team of almost 45,000 people delivering services across multiple sectors including advanced manufacturing, energy, environmental, and transportation.

Jacobs (NYSE: J) unveiled its 'Challenge Accepted' growth strategy at its 2025 Investor Day, targeting 6-8% organic adjusted net revenue growth from FY25-29. The company is aligning its focus on three key markets: Water and Environmental ($220B serviceable addressable market), Life Sciences and Advanced Manufacturing ($120B SAM), and Critical Infrastructure ($390B SAM).

The company set ambitious financial targets including a 16%+ Adjusted EBITDA margin and 10%+ FCF margin by FY29. Jacobs reaffirmed its fiscal 2025 outlook for mid-to-high single-digit adjusted net revenue growth, with adjusted EBITDA margin of 13.8-14.0% and free cash flow conversion exceeding 100% of net income. The company also announced a new $1.5 billion share repurchase authorization and increased quarterly dividend.