[t4b-ticker]

Jacobs secures $249M MacDill AFB maintenance contract

Share:
Jacobs secures $249M MacDill AFB maintenance contract
© Reuters.

DALLAS – Engineering firm Jacobs (NYSE: J) has been selected as a major subcontractor in a $249 million contract awarded to Chugach Logistics and Facility Services Joint Venture, LLC for support services at MacDill Air Force Base. Under this contract, Jacobs will provide facility engineering, asset management, and planning services, with the goal of enhancing the base’s operational availability and sustainability.

The project, which is expected to be completed by February 2034, will see Jacobs deploy its intelligent asset management framework to improve the functionality and longevity of MacDill’s infrastructure. Jacobs Senior Vice President Mark Walter emphasized the company’s commitment to leveraging its 70-year legacy of engineering expertise to support the Chugach team and ensure a resilient future for the base.

Jacobs, a company with an annual revenue of approximately $16 billion and a workforce exceeding 60,000, offers a broad range of professional services across various sectors, including government and private industry.

The information in this article is based on a press release statement.

InvestingPro Insights

As Jacobs (NYSE: J) embarks on the significant MacDill Air Force Base project, investors and stakeholders are closely monitoring the company’s financial health and market performance. Here are some key insights from InvestingPro that could be of interest:

Jacobs, with a market capitalization of $18.74 billion, operates with a moderate level of debt and has shown resilience in its stock performance. The company’s shares have been trading near their 52-week high, indicating strong investor confidence. This is further bolstered by the fact that Jacobs has raised its dividend for 5 consecutive years, showcasing a commitment to returning value to shareholders.

The company’s revenue for the last twelve months as of Q1 2024 stands at $16.71 billion, reflecting a growth rate of 8.94%. This steady increase in revenue is a testament to Jacobs’ robust operational strategies and its ability to secure significant contracts, such as the one for MacDill Air Force Base. Additionally, Jacobs has demonstrated a strong return over the last three months, with a price total return of 15.89%, highlighting its positive momentum in the market.

Investors should note that while Jacobs is trading at a high P/E ratio of 26.44 relative to near-term earnings growth, the company is still predicted to be profitable this year. For those interested in deeper analysis and more InvestingPro Tips, Jacobs currently has 10 additional tips available on InvestingPro, which can be accessed at https://www.investing.com/pro/J. Don’t forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.