Jacobs Engineering Group Inc.
) won a contract from ExxonMobil Chemical Company, part of Exxon
Mobil Corporation (
), for providing engineering, procurement and construction
services. The value of the contract was, however, not
Per the contract, Jacobs will provide site enabling works and
interconnections services for ExxonMobil Chemical Company's
multi-billion dollar ethane cracker project in its Baytown,
TX-based complex and associated premium product facilities in Mont
Belvieu, TX. Jacobs' liabilities involve site preparation of 350
acres for the Baytown ethane cracker project and 100 acres for the
Mont Belvieu product facilities.
A few days back, Jacobs won a contract from the Port Authority
of Allegheny County to provide professional engineering design
services for light rail transit systems in Pennsylvania. The value
of the indefinite-delivery, indefinite-quantity contract was not
disclosed. The Port Authority's light rail system, stretching over
26.2 miles, serves approximately 215,000 daily riders.
On the same day, Jacobs was awarded another contract, by NASA's
Asteroid Redirect Mission, for providing conceptual design for an
asteroid capture system. This comprises one of the four contracts
specified by NASA for asteroid capture system concepts. The
contract requires Jacobs to design a system which is capable of
capturing an asteroid as wide as 10 meters and as heavy as 1,000
Further, the company received the 2014 James S. Cogswell
Outstanding Industrial Security Achievement Award from the Defense
Security Service for its Oxnard, CA-based facility.
Last month, Jacobs reported improved year over year results for
fiscal third-quarter 2014 (ended Jun 27, 2014). Adjusted earnings
came in at 84 cents per share, a penny higher than the year-ago
figure of 83 cents. Also, revenues improved 4.9% year over year to
With a market capitalization of $6.8 billion, Jacobs hold a
Zacks Rank #5 (Strong Sell). Two better-ranked stocks in the
industry include Willdan Group, Inc. (
) and VSE Corp. (
). While Willdan Group sports a Zacks Rank #1 (Strong Buy), VSE
Corp. holds a Zacks Rank #2 (Buy).
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