Strengthening the mutual relationship,
Jacobs Engineering Group Inc.
) procured a new contract from the United Kingdom Ministry of
Defence (MOD). The contract entails Jacobs to provide delivery
advisor services to the Defence Equipment and Support (DE&S)
organization of the MOD. However, the tenure and contract value
are yet to be disclosed.
The DE&S organization is responsible for the acquisition
of equipment, support services and logistics for the UK Armed
Forces, holding an annual budget of $28.0 million.
The organization is currently scrutinizing options to improve
its acquisition system. DE&S has two options at present to
choose from, either to adopt a private-sector-led
government-owned contractor-operated (GOCO) model or a
restructured version of DE&S that remains within the public
sector. Jacobs is also expected to help the organization in this
In a separate incident, Jacobs' designed cogeneration plant at
Texas A&M University received 2013 ENERGY STAR Combined Heat
and Power (CHP) Award by the U.S. Environmental Protection
The plant was designed to consume only two-thirds of the fuel
required in such plants and generate up to 45 megawatts of energy
while preventing air pollution at the same time. Apart from
efficient functioning in a power outage situation, the plant has
also helped the Texas A&M University in saving energy to the
tune of $1.0 million.
The award is a recognition of the continued excellence of
Jacobs in its field. Moreover, Jacobs has historically received
large contracts from renowned institutions like the UK Defence
Ministry and NASA, which makes it even more trustworthy.
This engineering company currently carries a Zacks Rank #3
(Hold). Other stocks to watch out for in the industry include
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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