Jacobs Engineering Group Inc.
) recently added two more contracts to its existing pipeline. The
first contract with
) requires Jacobs to provide engineering, design and procurement
services for the Coker Heater Replacement Project at the Blaine,
WA-based Cherry Point Refinery. The contract value was however not
This is not Jacobs' first contract with BP. The continuous
contract wins by the company reinforce customers' confidence in its
project execution abilities.
Jacobs' second contract involves administering design,
engineering and project management services for Brighton i360.
Brighton i360 is a new visitors' attraction, currently under
construction on the Brighton seafront in the U.K. The value of the
contract was not disclosed.
Brighton i360, following the likes of the Eiffel Tower, the
Empire State Building or the London Eye, enables a 360 degrees'
view of the city. Jacobs was part of the team that built the London
Eye 14 years ago on the banks of river Thames. It remains the
U.K.'s most popular paid visitor attraction till date.
The same team has joined forces again to build the Brighton
i360, a 540-foot-tall tower with a moving passenger pod that
travels up a height of over 450 feet, providing a 360-degree view.
The passenger pod is 59 feet in diameter with a capacity of 200
people. Post completion, the i360 will become the tallest visitor
observatory in the U.K. outside London.
Jacobs will provide project management, engineering design,
management (CDM) coordination, construction design and inspection
body services for the program.
With a market capitalization of $7.2 billion, Jacobs holds a
Zacks Rank #3 (Hold). Two better-ranked stocks in the industry
DR Horton Inc.
Beazer Homes USA Inc.
). While DR Horton sports a Zacks Rank #1 (Strong Buy), Beazer
Homes holds a Zacks Rank #2 (Buy).
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