Featured Company News - Jacobs Engineering Gets $5 Billion Contract from Department of Energy National Nuclear Security Administration
Research Desk Line-up: BNPP E NMX 30 Infrastructure Glbl ETF Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 8, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Jacobs Engineering Group Inc. (NYSE: JEC) ("Jacobs Engineering"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=JEC. The Company announced on September 06, 2017, that it received the management and operating (M&O) contract for the Nevada National Security Site (NNSS) near Las Vegas from the Department of Energy National Nuclear Security Administration (NNSA). The contract has actually been given to Mission Support and Test Services LLC (MSTS), which is a limited liability Company including Honeywell International Inc. and equity partners Jacobs and Stoller Newport News Nuclear Inc. The award is worth $5 billion over 10 years, which is if all options are exercised. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Contract to Strengthen Jacobs Engineering's Market Position
Ward Johnson, Senior Vice President at Jacobs Aerospace and Technology, mentioned that the Company is delighted to directly support the NNSA in their dire mission to secure the future of the Nuclear Security Enterprise. He stated that the contract builds on Jacobs Engineering's successful track record for design and construction of DOE nuclear facilities as well as its status as the key provider of management and operations of nationally critical infrastructure. The contract is expected to strengthen Jacobs Engineering's market position as a leading global provider of nuclear life-cycle solutions.
Nevada National Security Site to Promote Security of the US
The NNSS testing facility and training ground work towards supporting various national security experiments that promote the security of the US as well as its allies through the development of nuclear deterrent and critical emergency response capabilities. NNSS is spread across 1,360 square miles and has been a nuclear test site formerly. It now serves as a major center for research and development advancing international nuclear monitoring and verification capabilities, as well as radiological/nuclear emergency response capabilities and training.
Role of Mission Support and Test Services
The main mission of the Mission Support and Test Services is to manage and operate the NNSS contract in a safe, secure, and efficient manner. It has to achieve all this while adhering to the immaculate ethical standards. MSTS is dedicated towards becoming the high-hazard experimentation and mission-service provider of choice for US National Security customers. The phase-in of the NNSS M&O commenced on August 01, 2017, and it is already on track for a successful conclusion in November.
Jacob Engineering Received $4.6 billion IRES Deal from US Defense Unit
The Company was awarded a prestigious indefinite quantity, indefinite delivery contract worth $4.6 billion from the US Missile Defense Agency on August 31, 2017. This contract is an Integrated Research & Development for Enterprise Solutions (IRES) follow-on deal. It has a five-year base period and includes three award-term years.
As per the contract, Jacobs Engineering would provide integrated solutions to help concurrent training, test, and operations within the Missile Defense Integration and Operations Center mission podium. Additionally, it will aid the proper execution of the Missile Defense Agency's information technology environment and enterprise communications. The key work sites for this IRES contract include Virginia, Alabama, and Colorado.
About Jacobs Engineering Group Inc.
Jacobs Engineering is among the world's largest and most diverse providers of full-spectrum technical, professional, and construction services for industrial, commercial, and government organizations globally. It employs more than 54,000 people and operates in over 25 countries around the world.
Last Close Stock Review
On Thursday, September 07, 2017, the stock closed the trading session at $54.44, marginally down 0.09% from its previous closing price of $54.49. A total volume of 930.19 thousand shares have exchanged hands, which was higher than the 3-month average volume of 840.78 thousand shares. Jacobs Engineering's stock price advanced 0.59% in the last one month, 2.89% in the past three months, and 5.14% in the previous twelve months. The stock is trading at a PE ratio of 28.85 and has a dividend yield of 1.10%. The stock currently has a market cap of $6.49 billion.
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