Technical, professional and construction services provider,
Jacobs Engineering Group Inc.
)'s VELA alliance with the London based AMEC plc received a
contract from Magnox Limited. The financial terms of the deal
were not disclosed.
Per the contract, the VELA alliance will be engaged in helping
Magnox's United Kingdom based decommissioning program, through
the provision of management resources. Along with this, the
deal bestows VELA with the responsibilities of providing
coaching, skills development and employment opportunities to the
The deal is an extension of the 2011 Magnox Resource Transfer
Protocol formed with the alliance. This renewal of contract is
seen as a successful implementation of the previous
responsibilities by the alliance. All the three parties
associated with the contract are believed to benefit from the
experience and expertise of one another in the long run.
Jacobs has achieved a degree of success in its project
implementation techniques, alone as well as in various alliances.
Also, it actively participates in other research projects. Around
a week back, Jacobs entered into a research program with the
Texas Medical Center's National Center for Human Performance
(TNCHP). The study relates to the enhancement of safety factors
The company was involved in the experiments conducted at the
NASA JSC Vibration & Acoustic Test Facility, which helped
students from the Texas-based Rice University and The Kinkaid
School collect the useful data. The main purpose of this study is
to improve and encourage activities in various fields ranging
from arts to sports.
Jacobs currently bears a Zacks Rank #3 (Hold). Other stocks to
watch out for in the engineering industry are
Michael Baker Corporation
), carrying a Zacks Rank #1 (Strong Buy); while,
Harris & Harris Group, Inc.
Quanta Services, Inc.
) carry a Zacks Rank #2 (Buy), each.
BAKER (MICHAEL) (BKR): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
QUANTA SERVICES (PWR): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
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