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Stock Market & Financial Investment News

News Breaks
June 25, 2014
14:08 EDTJECJacobs Engineering awarded contract by ASHTA Chemicals
Jacobs Engineering Group announced that it was awarded a contract to support ASHTA Chemicals in making significant upgrades to its chlorine and potassium-based chemicals plant located in Ashtabula, Ohio. Company officials did not disclose the contract value, but noted that ASHTA is making the $60M investment to improve operational efficiency and reduce the plantís energy consumption and environmental impact. Under the terms of the contract, Jacobs is providing engineering, procurement and construction management services for the project, which is expected to take between 24-30 months to complete. The investment program includes replacing the plantís current mercury cell processing technology with membrane cell technology, an environmentally sustainable alternative that is expected to reduce power consumption by approximately 20%, increase component lifetimes, and improve production efficiency and worker safety.
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August 20, 2014
05:10 EDTJECJacobs Engineering announces $500M share repurchase program
Jacobs Engineering Group announced that its board approved a program to repurchase up to $500M of the company's common stock over the next three years.

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