Construction and engineering company,
Jacobs Engineering Group Inc.
) won three contracts. While the company won two Indefinite
Delivery/Indefinite Quantity (IDIQ) contracts from the U.S. Army
Corps of Engineers, it was awarded another contract by
Per the first IDIQ contact, Jacobs will provide architect and
engineer services to the Army Reserve projects and the military
projects within Great Lakes and Ohio River Division mission
boundaries. The $9 million contract spans five years.
Under the contract, Jacobs may also be required to provide
vehicle maintenance shops, training centers, stand-alone
buildings for the Army Reserve facilities and military
The second IDIQ contract was awarded to Jacobs' joint venture
). Per the contract, the joint venture will provide architect and
engineer services for Air Force, Army and other Civil Works
project within the Great Lakes and Ohio River Division mission
boundaries. Like the earlier contract, the $9.5 million contract
also spans five years.
This contract has a wide scope and encompasses many different
building types, utility projects for installations, site
development, flood damage reduction studies and designs,
navigation improvements, geotechnical investigations, planning
and design of waterfront facilities, stream bank erosion control,
The third contract was awarded by NatureWorks, a joint venture
between Thailand-based chemical producer, PTT Global Chemical and
privately-owned Cargill Inc.
Per the contract, Jacobs will provide engineering services to
NatureWorks' Ingeo production plant in Southeast Asia. Jacobs
will offer front-end engineering design work, including major
equipment design, from its office in Greenville, S.C. The
contract value remains confidential.
Jacobs' experience in polymer and chemical plant design and
construction helped the company gain the contract. We expect the
continued contract wins to expand the company's revenues along
with enriching its geographical reach.
Jacobs currently carries a Zacks Rank #3 (Hold). Other stocks
worth a watch in the industry include
Michael Baker Corporation
Foster Wheeler AG
). While Michael Baker Corp. carries a Zacks Rank #1 (Strong
Buy), Foster Wheeler carries a Zacks Rank #2 (Buy).
BAKER (MICHAEL) (BKR): Free Stock Analysis
FOSTER WHELR AG (FWLT): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
STANTEC INC (STN): Free Stock Analysis Report
To read this article on Zacks.com click here.