Engineering and construction company,
Jacobs Engineering Group Inc.
), recently won a contract from CMPC Group's Celulose
Riograndense Ltda. Per the contract, Jacobs will design and
supply an integrated chlorine dioxide plant to CMPC's pulp
expansion project in Guaiba, Río Grande do Sul, Brazil. The
financial details of the contract were not disclosed.
Once complete, the plant is expected to produce roughly 60
tons (equivalent to 55 metric tonnes) of chlorine dioxide per
day. Jacobs will be engaged in designing, engineering as well as
supplying the main equipment and materials for the plant. For the
purpose, Jacobs will provide its proprietary Chemetics
Based in Chile, the CMPC Group is involved in the production
and sales of pulp, paper and other forest products. This is
Jacobs' first integrated chlorine dioxide plantcontract within
On the same day, Jacobs' joint venture with Architects Hawaii
Ltd. received a contract from the Naval Facilities Engineering
Command (NAVFAC) Pacific, to provide architecture-engineering
services. The one-year contract is estimated to be worth $10.0
million. The contract, however, has four one-year option
Under the contract, the joint venture will provide design,
engineering, specification writing, cost estimating and related
services for NAVFAC Pacific projects at various locations.
The continuous contracts flow for Jacobs strengthens our
belief in the company's future prospects. Jacobs had a backlog of
$17.2 billion as on Jun 28, 2013, increasing 10.2% year over
Jacobs currently carries a Zacks Rank #3 (Hold). Other stocks
worth a watch in the engineering sector are
Michael Baker Corporation
Hovnanian Enterprises Inc.
). While Michael Baker carries a Zacks Rank #1 (Strong Buy), VSE
Corp. and Hovnanian Enterprises carry a Zacks Rank #2 (Buy).
BAKER (MICHAEL) (BKR): Free Stock Analysis
HOVNANIAN ENTRP (HOV): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
VSE CORP (VSEC): Free Stock Analysis Report
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