Technical, professional and construction services provider,
Jacobs Engineering Group Inc.
) has been successfully expanding its contract portfolio. The
company recently received a contract from Naval Facilities
Engineering Command Midwest (NAVFAC MW). The contract with a
maximum value of $30 million spans five years.
The deal relates to providing architectural and engineering
services to NAVFAC MW and U.S. Marine Corps Forces Reserve
projects. The project includes preparing design-bid-build
documents as well as design-build Requests for Proposals. Along
with these, Jacobs will conduct geotechnical investigations and
environmental surveys, professional surveying and studies for
projects of the contract awardees in the United States.
On the same day, Jacobs received another contract from the
North West Redwater Partnership, for an undisclosed amount. The
contract relates to the Sturgeon Refinery Project in Alberta's
Industrial Heartland area.
The Sturgeon Refinery Project aims to minimize environmental
impact and increase cost effectiveness. Post the build-up, the
facility will operate at a capacity of 150,000 barrels per day,
responsible for producing diesel, diluent and other bitumen
products for national and global markets.
Jacobs' unmatched contract wins helpsit to grow organically.
Based on joint ventures and contract wins, the company caters to
an array of sectors like oil and gas, petrochemical, mining, IT
services and power. The company presently has a significant share
in the huge global infrastructure market, which is expected to
grow further in the coming quarters.
With a market capitalization of $8.3 billion, Jacobs currently
has a Zacks Rank #3 (Hold). Some better-ranked stocks in the
industry worth a watch include
Quanta Services, Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
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