Engineering and construction company,
Jacobs Engineering Group Inc.
) recently added two more contracts to its existing list. The
first contract was awarded by the Pennsylvania Department of
Transportation, under which Jacobs will supply integration
support services and intelligent transportation systems design.
The financial details of the deal were kept confidential.
This is not the first association between the two parties.
Jacobs has been providing similar services to the Pennsylvania
Department of Transportation since 2008. Per the current
contract, Jacobs will be providing communication network
management, design support, construction management support and
system integration support.
On the same day, Jacobs received another contract from
) to provide process and infrastructure work. The contract needs
to be executed for the greenfield Khazzan project in the
Sultanate of Oman. The project is part of the development of one
of Middle East's largest unconventional tight gas accumulations.
The financial terms of this contract have also been kept under
Per the contact, Jacobs will be responsible for supplying
engineering, procurement and construction management services,
along with program management and detailed design for the
associated project infrastructure. Jacobs is expected to leverage
its technical experience in tight gas projects to complete the
With the continuous contract wins, we expect the company to
achieve greater success in the quarters to come. Jacobs currently
carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the
industry that warrant a watch include
Morrison Home Corporation
Quanta Services, Inc.
). While Taylor Morrison Home sports a Zacks Rank #1 (Strong
Buy), Quanta Services holds a Zacks Rank #2 (Buy).
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