Jacobs Engineering Group Inc.
) recently inked a contract with Transport for London, for
providing maintenance and improvement of services in North East
London, United Kingdom. The value of the contract remains
undisclosed. The project will span over eight years, starting
from Apr 1, 2013.
Jacobs will not be solely responsible for the execution of
this project as the privately held Eurovia Group will act as a
joint partner. The scope of this project covers the road network
in seven boroughs in the region, which are maintained by the
Transport for London team.
Jacobs will take up the responsibility of lead professional
planner and designer whereas the combined entity will take charge
of highway construction, maintenance and design services.
Also, last week, Jacobs received another contract. This
contract is from BASF Antwerp N.V., a wing of
), for providing engineering services at BASF's integrated
chemicals complex in Antwerp, Belgium.
The contract value of this deal is also undisclosed while the
duration of the contract is estimated to be three years. BASF is
a diversified portfolio company, with its products ranging from
chemicals, plastics, performance products and crop protection
products to oil and gas.
Jacobs' continued association with the company is assumed to
be a result of its efficient project execution. We expect Jacobs'
proficiency in handling projects will be amply reflected in its
performance and help the company sustain its long standing
relationship with BASF in the future.
Jacobs is scheduled to report its fiscal second quarter 2013
earnings after the close of market on Apr 29. The Zacks Consensus
Estimate stands at 83 cents, indicating a year-over-year growth
rate of 26.9%.
Jacobs currently carries a Zacks Rank #2 (Buy). Other stocks
to watch out for in the industry are
Engility Holdings, Inc.
), both carrying a Zacks Rank #1 (Strong Buy).
BASF SE (BASFY): Free Stock Analysis Report
ENGILITY HLDGS (EGL): Get Free Report
FLUOR CORP-NEW (FLR): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
To read this article on Zacks.com click here.