Jacobs' One More Army Contract - Analyst Blog
August 03 2011 - 4:15AM
Zacks
Jacobs Engineering Group
Inc. (JEC) announced that it has received a contract from
the U.S. Army TACOM Life Cycle Management Command in Warren,
Mich.
The contract ensures Jacobs’
opportunity to build upon the longstanding relationship with the
U.S. Army, supporting the Program Manager (PM) Heavy Brigade Combat
Team (HBCT) with production, product assurance and engineering
services for all PM HBCT platform vehicles.
The support service involves
evaluation of test and evaluation of master plans, program
schedules, vehicle testing support, production planning and
scheduling, manufacturing process planning, system engineering
plans, trade-off studies and engineering analysis, design,
performance measurement, and other support services for proper
execution of fielded PM HBCT systems as per Army regulations.
The one-year contract is estimated
at $3.7 million, potentially summing up to a total of $11.6 million
over three years.
Of late, Jacobs released its
financial results for the third quarter of 2011, reporting total
revenue of $2,744.2 million, up 9.4% year over year coupled with
330 basis point improvement in operating margin over the year ago
quarter. The company’s solid list of contracts and steady backlog
appear impressive for the quarters ahead.
Jacobs Engineering Group Inc. is
one of the world's largest engineering and construction companies
providing services to a variety of industrial, commercial and
government clients across a global network. The company directly
competes with its peers, such as Fluor Corporation
(FLR) and Foster Wheeler AG (FWLT).
We currently maintain a long-term
Neutral recommendation on the stock. Jacobs has a Zacks #3 Rank,
which translates into a short-term Hold rating (1-3 months).
FLUOR CORP-NEW (FLR): Free Stock Analysis Report
FOSTER WHELR AG (FWLT): Free Stock Analysis Report
JACOBS ENGIN GR (JEC): Free Stock Analysis Report
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