Twin Contracts for Jacobs - Analyst Blog

Technical, professional and construction services provider, Jacobs Engineering Group Inc. JEC 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 AECOM Technology Corporation ACM, Quanta Services, Inc. PWR and VSE Corp. VSEC. All these stocks carry a Zacks Rank #2 (Buy).