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DALLAS - Engineering firm Jacobs (NYSE:J) has secured multiple new contracts and renewals for water and wastewater operations and maintenance (O&M) services across the western United States, the company announced Tuesday in a press release.
The company was awarded new water and wastewater O&M contracts with Soquel Creek Water District, West Basin Water District and Lincoln-Sewer Management District 1 Wastewater Authority in California. Jacobs also renewed existing contracts in Oregon, Washington, Idaho, New Mexico and California, representing more than 144 years of combined collaboration.
"Jacobs is uniquely positioned to provide O&M services that are directly supported by world-leading water engineering experience," said Executive Vice President Greg Fischer in the statement.
The company’s O&M business began 45 years ago in Oregon. Today, Jacobs manages over 300 facilities, providing services including operations and maintenance of water and wastewater utilities, advanced water treatment facilities, and public works.
Jacobs reported it is using digital solutions such as Intelligent O&M, Aqua DNA and Dragonfly to optimize operations as utilities face challenges including climate change, tightening regulations and workforce shortages.
The company generates approximately $12 billion in annual revenue and employs nearly 45,000 people worldwide, according to the press release. InvestingPro analysis shows Jacobs maintains a strong financial health score and operates with moderate debt levels. For detailed insights and 12 additional ProTips about Jacobs’ financial performance, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Jacobs Technology Inc. has secured a significant $4 billion contract from the U.S. Department of Defense to support the Space Force. This contract involves providing operations, maintenance, and systems engineering services for the Eastern and Western ranges. Additionally, Jacobs has been selected to design Sound Transit’s West Seattle Link Extension, which will add 4.1 miles of light rail and include new infrastructure such as a bridge and tunnel. In another development, Jacobs has been chosen by the Bonneville Power Administration to modernize the U.S. power grid through the Grand Coulee Modernization Program. This initiative aims to enhance the reliability and efficiency of power distribution. Furthermore, Jacobs has been contracted by Boeing to expand its St. Louis campus, nearly doubling the regional manufacturing capacity. Lastly, Jacobs Solutions announced a pro rata distribution of Amentum Holdings shares to its shareholders, with 7,299,065 shares distributed as of May 30.
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