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DALLAS - Jacobs (NYSE: J), a company known for delivering infrastructure and environmental solutions with a market capitalization of $15 billion, has been chosen by Boeing to provide design, engineering, and environmental services for a significant expansion of its St. Louis, Missouri, campus. According to InvestingPro data, Jacobs maintains a FAIR financial health score, operating with moderate debt levels and strong liquidity ratios. The project, which involves a 1.1-million-square-foot expansion, is set to nearly double Boeing’s regional manufacturing capacity.
The site construction commenced recently and is planned to be carried out in phases, with completion dates ranging from 2026 to 2030. This expansion is poised to support Boeing’s advanced assembly facilities and operations center for future generations of advanced aircraft. With annual revenue of $11.7 billion and a current ratio of 1.5, Jacobs demonstrates the financial stability needed for long-term projects of this scale.
Jacobs’ Executive Vice President Susannah Kerr highlighted the company’s ongoing collaboration with Boeing, emphasizing their swift navigation through the National Environmental Policy Act approvals and their experience in overcoming complex design and environmental challenges. Boeing’s Vice President Mark Webb underscored the significance of the St. Louis site, noting that it will feature the latest advancements in digital design and manufacturing.
The contract underscores Jacobs’ established track record in delivering critical infrastructure for defense and government entities, including the U.S. Navy and Air Force, as well as their role in managing projects such as the Fermilab’s DUNE Near Site and the Los Angeles Federal Courthouse.
Jacobs, with an annual revenue of around $12 billion and a workforce of nearly 45,000, offers comprehensive services across various sectors such as advanced manufacturing, cities & places, environmental, life sciences, transportation, and water.
The information contained in this article is based on a press release statement, and while it includes forward-looking statements regarding the project and its future impact, these are subject to a range of uncertainties that could cause actual results to differ materially from current expectations.
In other recent news, Jacobs Technology Inc. has secured a significant contract from the U.S. Department of Defense valued at $4 billion. This contract involves providing operations, maintenance, sustainment, systems engineering, and integration services for the Space Force’s Eastern and Western ranges. The work is set to continue until March 2035, with operations based at Patrick Space Force Base in Florida and Vandenberg Space Force Base in California. Additionally, Jacobs Solutions Inc. has completed a pro rata distribution of 7,299,065 shares of Amentum Holdings Inc. to its shareholders, effectively separating itself from Amentum with no remaining equity interest.
Jacobs has also been chosen to lead the Marinus Link project, an undersea and underground electricity interconnector in Australia aimed at enhancing energy security and supporting renewable energy. This project is expected to create 3,300 jobs and generate $3.9 billion in economic growth. Furthermore, RBC Capital has increased its price target for Jacobs Engineering Group Inc. to $154, maintaining an Outperform rating. Despite adjusted operating income falling short of consensus estimates, Jacobs Engineering is expected to see revenue growth in the latter half of the fiscal year, aligning with its full-year projections.
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