Jacobs Engineering Group Inc.'s
) BEAR Scotland joint venture received a contract from Transport
Scotland to oversee the operations and maintenance of key roads
in the northwest region of Scotland. The five-year contract,
estimated to be worth $160.0 million, (£175.0 million) also has
an extension option for another five years. Jacobs formed the
BEAR joint venture with Breedon Aggregates and Eurovia.
Scottish trunk roads and motorway are divided in four
geographical units, each maintained under different contracts.
This contract deals with the maintenance and safety inspection of
814 miles of roads and 2,372 structures in Scotland's northwest
Jacobs has been involved in various contracts in various parts
of Scotland. In Aug 2010, Jacobs won a contract from the North
East of Scotland Transport Partnership, Aberdeen City Council and
Aberdeenshire Council to provide environmental and transport
related services till 2013.
In Jul 2010, Jacobs received a contract in relation to water
infrastructure capital program in Scotland, which followed the
Mar 2010 contract with Transport Scotland.Maintaining a strong
relationship with the nation's main transport agency provides
Jacobs a strong goodwill.
Jacobs is one of the leading providers of professional,
technical and construction services to industrial, commercial and
governmental clients. The company provides its services through
more than 200 offices and subsidiaries located principally in
North America, Europe, Asia and Australia.
For such a company, backlog is a healthy measure of the
company's performance. Exiting the third quarter of fiscal 2013,
Jacobs' backlog was $17.2 billion, representing a 10.2%
Jacobs currently carries a Zacks Rank #3 (Hold). Other stocks
to consider in the industry include
Michael Baker Corp.
Winnebago Industries, Inc.
). While Michael Baker carries a Zacks Rank #1 (Strong Buy), VSE
Corp. and Winnebago carry a Zacks Rank #2 (Buy).
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WINNEBAGO (WGO): Free Stock Analysis Report
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