Keeping up with its strategy of growing organically,
Jacobs Engineering Group Inc.
) has been adding to its contract pipeline. Year-to-date, the
company has won contracts from the U.S. Army, Water Corporation
of Western Australia, Suncor, Volpe Centre, Delaware Department
of Transportation, to name a few. In March, the company received
five contracts so far, increasing the share price roughly 7% to
$64.82, as on March 21.
Earlier in the month, Jacobs won contracts from the
Pennsylvania Department of Transportation for the supply of
integration support services and intelligent transportation
systems design. The financial details of the deal were kept under
the wraps. Additionally, the company gained another contract on
the same day from
) to provide process and infrastructure work.
A few days ago, Jacobs won a contract from Naval Facilities
Engineering Command Midwest (NAVFAC MW). The contract, with a
maximum value of $30 million, spans five years. On the same day,
the North West Redwater Partnership awarded the company another
contract for an undisclosed amount. The contract relates to the
Sturgeon Refinery Project in Alberta's Industrial Heartland
The latest addition to the list was a contract from
) regarding the engineering, procurement and construction
services for projects in the lower 48 regions of the U.S. With an
undisclosed value, the project spans three years, with four years
Per the contract, Jacobs will provide procurement and
construction management services, front end studies and
engineering for ConocoPhillips' projects.
Jacobs is one of the leading providers of professional,
technical and construction services to industrial, commercial and
governmental clients. With a current market capitalization of
$8.6 billion, the company has a Zacks Rank #3 (Hold). Another
stock in the same sector is
AECOM Technology Corporation
) with a Zacks Rank #2 (Buy) and is worth a watch.
AECOM TECH CORP (ACM): Free Stock Analysis
BP PLC (BP): Free Stock Analysis Report
CONOCOPHILLIPS (COP): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
To read this article on Zacks.com click here.