Engineering and construction company,
Jacobs Engineering Group Inc.
), has further consolidated its position in the industry with two
more contract wins recently.
Jacobs received a contract from the Department of Homeland
Security, in order to supply program management, engineering and
technology support services under the Technical, Acquisition and
Business Support Services (TABSS) contract. The contract spans
over five years, with an $11 billion funding limit allocated to
the TABSS contract.
Jacobs is obligated to provide designing, development and
other activities related to assets, processes and systems along
with planning and administering programs and projects. These
activities form a part of Domain 1 of the contract, which has
been divided into three domain areas. Moreover, the new contract
signifies a healthy relationship between the two parties in the
Additionally, on the same day, Jacobs inked a contract with
Polimeri Europa UK Limited for equipping the latter with
engineering, procurement and construction management services.
The contract value has not been revealed. The contract deals with
the expansion activities at the Grangemouth, Scotland based plant
of Polimeri. The expansion has been undertaken in order to
increase Polimeri's rubber production capacity at the plant.
The relationship between the two companies is expected to be
long term and beneficial to both. Jacobs mostly conducts its
operations through repeat business, since it maintains long-term
relationships with its customers. Roughly 94% of its business
conducted in the last reported quarter was earned through repeat
customers. Going forward, we expect Jacobs to continue benefiting
Jacobs currently carries a Zacks Rank #3 (Hold). Other stocks
worth a look in the engineering and construction industry are
Michael Baker Corporation
), carrying a Zacks Rank #1 (Strong Buy); whereas,
Harris & Harris Group, Inc.
Willdan Group, Inc.
) carry a Zacks Rank #2 (Buy) each.
BAKER (MICHAEL) (BKR): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
WILLDAN GROUP (WLDN): Get Free Report
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