Jacobs Engr Group Inc Stock Price, News & Analysis

Jacobs (NYSE:J) has been awarded a program management and consultancy contract for King County's South Treatment Plant Facility Program in Renton, Washington. The 12-year contract, worth over $800 million, aims to enhance water quality and system resiliency for nearly two million people in Seattle and the central Puget Sound region. Jacobs will oversee the project from initiation through design, construction, and commissioning. The facility currently treats up to 115 million gallons of wastewater daily during wet weather and includes an on-site educational program and a 1.5-acre demonstration farm. Jacobs' selection builds on a long-standing relationship with King County, having previously managed projects like the award-winning Georgetown Wet Weather Treatment Station and the Brightwater Treatment Plant.

Jacobs (NYSE:J) has been selected by FUJIFILM Diosynth Biotechnologies to support a $1.2 billion expansion of its large-scale biologics manufacturing site in Holly Springs, North Carolina. Initially chosen for the site's construction commencing in 2021, Jacobs will now provide engineering, procurement, and construction management for the expansion. This project will add 8 x 20,000-liter cell culture bioreactors and approximately 400,000 square feet of manufacturing space by 2028. The first phase of construction is expected to complete by 2025, making it one of the largest cell culture contract manufacturing facilities in North America. The site will enhance FUJIFILM Diosynth Biotechnologies' capacity for biologic therapeutics and medicines, offering comprehensive drug substance manufacturing, automated fill-finish, assembly, packaging, and labeling services for global biopharmaceutical clients.

Jacobs (NYSE:J) has been appointed by Singapore's National Water Agency, PUB, to provide engineering services for the new Kranji Water Reclamation Plant (WRP). This plant will support upcoming residential and industrial projects in northern Singapore, enhancing the region's water resilience. The plant is part of the Deep Tunnel Sewerage System and will have an initial treatment capacity of 120 mgd, including a 50 mgd NEWater Factory. Jacobs will offer engineering design, construction supervision, and commissioning, with the plant expected to be operational by 2035. Jacobs aims to implement advanced water treatment technologies and promote environmental sustainability through this project.

A joint venture between Jacobs (NYSE:J) and VolkerStevin, known as C2V, has been appointed by United Utilities as a Construction Delivery Partner (CDP) for their $3.8 billion capital investment program. This initiative, running from 2025 to 2030 with an option to extend to 2035, aims to modernize water services in North West England.

C2V will handle project management, design, build, and commissioning for complex infrastructure projects, including water and wastewater treatment and energy solutions. This marks United Utilities' largest environmental program to date.

Jacobs and VolkerStevin have previously supported United Utilities for over a decade, delivering critical infrastructure projects. The program's success will depend on regulatory approval from Ofwat, expected by December 2024.

Both companies emphasize the potential for social, environmental, and economic benefits through this collaboration, aiming to enhance water services and infrastructure resilience in the region.

Jacobs (NYSE:J) has been selected by the City of Omaha, Nebraska to develop a real-time control decision support system for the city's wastewater collection network. The project will leverage Jacobs' Digital OneWater solution, Aqua DNA, using data from SCADA systems and sensors to optimize sewer performance, reduce combined sewer overflows (CSOs), and lower operational costs.

Jacobs will design three Long Term Control Plan capital projects, utilizing machine learning and AI for real-time insights. The project continues Jacobs' role from the $2 billion CSO Program (2006-2023), and involves cybersecurity enhancements for Omaha's SCADA systems. This initiative supports over 600,000 residents and aims to provide long-term environmental benefits to the Missouri River watershed.

Jacobs (NYSE:J) has been chosen by the Washington State Department of Transportation to lead the SR 509 Stage 2 Completion Project. This initiative is part of the Puget Sound Gateway Program, connecting I-5 and SR 509, enhancing access to Sea-Tac Airport and the Port of Seattle. Jacobs, partnered with Guy F. Atkinson Construction, will design and build five new bridges, modify an existing one, and develop stormwater and active transportation infrastructure.

The project aims to reduce congestion and improve connectivity in the Kent Valley. Jacobs and Atkinson have a 19-year collaborative history with the Washington State Department of Transportation, providing significant transportation improvements in the state. Jacobs, ranked No. 2 in Transportation by Engineering News-Record, has a strong track record in managing large-scale infrastructure projects globally. Jacobs generates approximately $16 billion in annual revenue and employs over 60,000 people worldwide.

Jacobs (NYSE:J) has been contracted by the City of Hamilton, Ontario, to undertake the Phase 2 expansion of the Woodward Avenue Wastewater Treatment Plant. This project, with an estimated capital cost of $310 million USD ($420 million CAD), aims to support Hamilton's Clean Harbour Program and address environmental concerns in Hamilton Harbour. The expansion will enhance the plant's capacity and efficiency, accommodating future population growth and improving water quality. Jacobs, having completed Phase 1 last year, will provide preliminary and final design services for this phase, which includes major upgrades and additions to the treatment facilities. The project is targeted for completion by the end of 2032.

Jacobs (NYSE: J) has been selected by Los Angeles World Airports (LAWA) as one of 15 lead consultants for its Capital Improvement Program. This task order-based professional services contract is the largest of its kind in LA's history and focuses on modernization projects at Los Angeles International Airport (LAX) and Van Nuys Airport (VNY). The contract emphasizes inclusivity, engaging over 30 small, diverse business partners. Jacobs' involvement aims to enhance the city's infrastructure in preparation for upcoming sporting events.

Jacobs (NYSE:J) has been chosen by the U.K.'s National Nuclear Laboratory (NNL) to assist in developing a high-temperature gas reactor (HTGR) for industrial applications. Collaborating with the Japan Atomic Energy Agency, the project aims to aid the decarbonization of heavy industries like steel and cement production.

Jacobs will review initial designs, cost, and schedule estimates, ensuring regulatory compliance and market demand. Funded by the UK Department for Energy Security and Net Zero (DESNZ), this project is part of a broader effort to develop and demonstrate HTGR technology. Success in this phase could lead to detailed design, manufacturing, and commissioning of an HTGR demonstrator.

Jacobs, known for its extensive expertise in nuclear technology, aims to contribute significantly to the U.K. market. The project aligns with Jacobs' goal of addressing critical global challenges and contributing to net-zero targets.