Jacobs awarded contract for NASA’s Asteroid Redirect Mission Jacobs Engineering announced it was awarded a Phase I contract for the conceptual design of an asteroid capture system for NASA’s Asteroid Redirect Mission. The ARM forms a critical part of NASA’s technology development plans for future human spaceflight operations and the overarching goal of a manned Mars mission. The goal of this contract is to design a system capable of capturing and securing an asteroid as wide as 10 meters and as heavy as 1,000 metric tons. Jacobs’ concept uses a series of deployable booms that unfold and extend around the target asteroid. NASA is interested in the technology not only for ARM, but also for capture of unresponsive satellites or other large orbital debris. This is one of four awards made by NASA for asteroid capture system concepts. Jacobs is constructing a physical model of the proposed design.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Analog Devices (ADI) downgraded to Neutral from Overweight at JPMorgan... Bed Bath & Beyond (BBBY) downgraded to Market Perform at William Blair... Cameco (CCJ) downgraded to Neutral from Buy at BofA/Merrill... Clorox (CLX) downgraded to Neutral from Buy at Citigroup... Concur (CNQR) downgraded to Neutral from Buy at Roth Capital... Del Frisco's (DFRG) downgraded at Sterne Agee... Dick's Sporting (DKS) downgraded to Market Perform from Outperform at William Blair... Dresser-Rand (DRC) downgraded to Hold from Buy at KeyBanc... Equinix (EQIX) downgraded to Market Perform from Outperform at Wells Fargo... Fluor (FLR) downgraded at Wells Fargo... Gordmans Stores (GMAN) downgraded at Canaccord... Jacobs Engineering (JEC) downgraded to Market Perform from Outperform at Wells Fargo... Nanometrics (NANO) downgraded to Hold from Buy at Canaccord... ON Semiconductor (ONNN) downgraded to Neutral from Overweight at JPMorgan... Siemens (SIEGY) downgraded to Equal Weight from Overweight at Barclays... Sigma-Aldrich (SIAL) downgraded to Hold from Buy at KeyBanc... Taminco (TAM) downgraded to Hold from Buy at Jefferies... Viasystems (VIAS) downgraded to Hold from Buy at Canaccord... Watsco (WSO) downgraded to Accumulate from Buy at Global Hunter.
Jacobs Engineering opens new office in Saudi Arabia to support Saudi Aramco Jacobs Engineering Group expands with a new office in Al Khobar, Saudi Arabia, to strengthen its support for Saudi Aramco and other key clients and partners in the Kingdom of Saudi Arabia.