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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:47 EDTJECJacobs Engineering receives additional contract from Borealis in Belgium
Jacobs Engineering Group received a five year frame agreement for work at three Borealis facilities in Belgium. Company officials did not disclose the contract value, but noted that the three facilities covered under the contract are Borealis Polymers N.V., Borealis Kallo N.V. and Borealis Antwerpen Compounding N.V. Under the terms of the contract, Jacobsí scope of work includes study, engineering, procurement, construction management, and personnel support services on a variety of projects at the three facilities. Each project is expected to have a total installed cost varying in range up to $13M.
News For JEC From The Last 14 Days
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February 9, 2016
07:46 EDTJECJacobs wins three year contract from Georgia Department of Transportation
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07:45 EDTJECJacobs Engineering wins Marine Corps Special Operations Command contract
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February 3, 2016
11:32 EDTJECJacobs sees underlying Q2 results 'similiarly challenged' as Q1
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11:30 EDTJECJacobs Engineering says continues to identify additional cost reductions
Says adverse market conditions, particularly in oil and mining, continue to have significant impact on businesses. Says growth markets including aeropsace, pharma-bio helped mitigate pressures from more challenged sectors. Says balance sheet "strong," should strengthen further. Regarding restructuring, says continues to identify additional cost reductions and believes company has opportunities to further streamline and achieve more efficiences. Says conducting economic review of entire portfolio. Sees "a lot of uncertainty" in oil and gas markets. Says refining segment "solid." Says share buyback program an appropriate use of cash. Comments taken from the Q1 earnings conference call. Jacobs is down 3.83% to $37.18 in late morning trading.
08:34 EDTJECJacobs Engineering reports total backlog of $18.2B at January 1
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08:33 EDTJECJacobs Engineering backs FY16 adjusted EPS view $2.80-$3.30, consensus $3.08
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08:32 EDTJECJacobs Engineering reports Q1 adjusted EPS 78c, consensus 69c
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February 2, 2016
07:49 EDTJECJacobs awarded Pre-FID study contract for Baltic Gas project
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07:48 EDTJECJacobs awarded $436M Aberdeen Test Center support services contract
Jacobs Engineering announced it received a contract from the U.S. Army to provide test support services to the Aberdeen Test Center at Aberdeen Proving Ground, Maryland. Jacobs has supported ATC since 2001 through two predecessor contracts and one bridge contract. The total maximum cost of the five-year indefinite delivery/indefinite quantity contract is $436M. Jacobs' role is to provide mission test support services to ATC, one of the Department of Defense's premier test and training ranges supporting both military and commercial materiel developers, by testing a broad spectrum of equipment throughout the life cycle, from concept through deployment.

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