Jacobs Engr Group Inc Stock Price, News & Analysis

Jacobs (NYSE:J) has been selected as Program Manager for the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES), a public-private partnership establishing a statewide clean hydrogen hub in California. The project, part of the U.S. Department of Energy's H2Hubs program, aims to accelerate the clean hydrogen economy. Jacobs will lead the Program Management Office, overseeing delivery and integrating project activities across the entire hydrogen lifecycle.

By 2032, the hub is expected to have a hydrogen generation capacity of 190,000 metric tons per year, avoiding 2.5 million metric tons of greenhouse gas emissions annually. The project is forecasted to create over 220,000 new green jobs and save $2.95 billion in healthcare costs annually. ARCHES is set to receive approximately $1.2 billion in DOE funding, with an overall project value of nearly $13 billion.

Jacobs (NYSE: J) has been contracted by Onondaga County, New York, to provide program management services for the county's combined sewer overflow (CSO) abatement and capacity, management, operations, and maintenance programs. The new five-year contract extends Jacobs' long-term role and incorporates their Digital OneWater solutions to improve sewer system performance county-wide.

Key points:

• Jacobs has managed Onondaga County's CSO program since 2008, overseeing 200+ green stormwater infrastructure projects
• The county was one of the first in the U.S. to achieve Federal CSO Consent Order closure
• The new contract includes finalizing the Long-Term Control Plan for CSO abatement and developing a capacity management program
• Jacobs will use its Dragonfly and Argon technologies to review pipe inspection videos and prioritize repairs

Jacobs (NYSE:J) has been awarded the FBI Information Technology Supplies and Support Services 2nd Generation (ITSSS-2) Blanket Purchase Agreement (BPA). This competitive contract, with an $8 billion total ceiling value over eight years, will provide critical IT support to the FBI and the broader Department of Justice. Jacobs will deliver solutions in seven key areas: workplace services, business applications, delivery services, platform services, infrastructure services, emerging technologies, and other IT services.

This award builds on Jacobs' nearly two-decade-long collaboration with the FBI, reinforcing its position as a trusted provider of innovative IT solutions. The contract underscores Jacobs' commitment to enhancing the FBI's mission-critical operations through cutting-edge technologies.

Amentum, a global engineering and technology solutions provider, has announced a capital markets day on August 13, 2024 at 10:00 a.m. EDT at the New York Stock Exchange. The event will showcase Amentum's solutions and capabilities, focusing on the synergies and benefits expected from the previously announced spin-off of Jacobs's (NYSE: J) Critical Mission Solutions and parts of its Divergent Solutions business, including Cyber & Intelligence, which will merge with Amentum.

CEO John Heller and the executive leadership team will discuss Amentum's strategy and financial outlook. A live webcast and presentation materials will be available on Amentum's investor relations website before the event begins.

Jacobs (NYSE:J) has announced the election of Mary Jackson to its Board of Directors, effective upon the closing of the company's previously announced business separation or by January 15, 2025. Vice Admiral Jackson, a 32-year U.S. Navy veteran, brings extensive experience in strategic growth and operational efficiency.

Jackson's expertise includes infrastructure management, program governance, budgeting, supply chain management, and risk management. CEO Bob Pragada highlighted her knowledge of operational effectiveness, digital transformation, and innovation as valuable assets for Jacobs' evolution as a pure play infrastructure solutions provider.

Currently, Jackson serves on several boards, including Victory Capital Holdings and Custom Truck One Source. She holds a bachelor's degree in physics from the U.S. Naval Academy and a master's in engineering management from George Washington University.

Jacobs (NYSE: J) has filed a Form 10 with the SEC for the planned spin-off of its Critical Mission Solutions and portions of its Divergent Solutions business, including Cyber & Intelligence. The spin-off will merge with Amentum to create a leading, publicly traded global engineering and technology solutions provider. The transaction is expected to close in Q4 of fiscal year 2024, with the combined company to be known as Amentum Holdings, Inc.

The Form 10 provides detailed information about the separation, distribution, and merger, including important business and financial details. This filing is part of an iterative process, with additional information to be included in subsequent versions. Amentum plans to hold a Capital Markets Day, which will be webcast, with details to be announced later.

Jacobs (NYSE:J), a leading engineering and professional services firm, has announced its plans to release fiscal third quarter 2024 earnings results before the market opens on Tuesday, August 6, 2024. The company will host a conference call and webcast at 10:00 a.m. ET on the same day. During this call, management will present the company's results and discuss current operating trends. Investors and interested parties can access the webcast and accompanying presentation slides through the company's website at jacobs.com.

Jacobs (NYSE: J) has announced a quarterly cash dividend of $0.29 per share, approved by its Board of Directors. This dividend will be distributed on August 23, 2024, to shareholders recorded by the close of business on July 26, 2024. This announcement reflects the company's commitment to providing consistent returns to its shareholders.

Jacobs (NYSE:J) has been chosen as the Owner's Representative for the Omaha Streetcar Authority's project in Nebraska's largest city, Omaha. The streetcar will create a three-mile loop with over 15 stops, connecting downtown and midtown areas, enhancing economic and environmental outcomes.

Jacobs' role involves design review, delivery oversight, and budget and schedule management. The project aims to reduce congestion and parking issues, while linking key areas such as medical facilities, universities, and cultural centers. It is projected to generate $12.1 billion in annual economic activity and $13 million in safety benefits over 20 years.

The electric, exhaust-free streetcars will have twice the lifespan of buses or cars, promoting sustainability. Jacobs' extensive experience in program management positions them as a key player in this transformative urban development initiative.