Research on KBR Inc. and Jacobs Engineering Group Inc. - New Defense Budgets Pressure Technical Services Sector
November 02 2010 - 9:01AM
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technical services industry and has completed analytical research
on
KBR Inc. (NYSE: KBR) and
Jacobs Engineering Group Inc. (NYSE: JEC). Register
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In an attempt to reign in the growing deficit, the Obama
administration has considered a 4.8% decrease in contract spending
for 2011. This should hurt the Technical Services sector that makes
a large portion of its revenue off of government defense contracts.
Secretary of Defense Robert Gates has articulated his desire to
reduce spending by 10% annually during the next three years. This
comes at a time when the United Kingdom is also slashing its
defense budgets. Great emphasis has been placed on the coming
elections as the new congressional makeup will go a long way to
determine whether the current trend of "in-sourcing" will
continue.
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their due-diligence on the technical services industry can have
easy and free access to our analyst research and opinions on KBR
Inc. and Jacobs Engineering Group Inc.; investors and shareholders
of these companies can simply register for a complimentary
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The Technical Services sector has seen its backlogs shrink since
the beginning of 2009. The struggling macroeconomic environment has
scared many companies away from infusing large amounts of capital.
This decrease in spending has begun to turn around, however, and
the highly competitive industry has several reasons to believe 2011
will be stronger than previous years. Visit www.stockcall.com/ to
see how companies in this industry have grown over the past years
and how they are expected to perform in the future.
Capital spending in the mining sector has begun to pick up
alongside of increased mining operations and construction. The
sector has also seen strong work volumes in the natural gas markets
due to the current low price environment, and companies like KBR
Inc. are benefitting greatly from this. KBR saw more growth in its
liquefied natural gas segment for the quarter which has helped
counter-balance the negative in its military work segment. Other
companies such as Jacobs Engineering Group Inc. are laying their
focus on emerging markets which are anticipated to outperform the
developed world during the coming years. The primary areas of focus
are China, India, and the Middle East. Investors can register for
free to access the research reports on KBR
Inc. and Jacobs Engineering Group Inc.
at www.stockcall.com/KBR021110.pdf or
www.stockcall.com/JEC021110.pdf.
On the earnings front, KBR Inc. already released its Q3 2010
results on October 28th with net income of $97 million and revenue
of $2.46 billion that is a decline of 14% as compared to the same
quarter last year. Conversely, Jacobs Engineering Group Inc. will
be releasing its earnings later this month on the 15th. Register
now at
https://stockcall.com/development/stockcall/page.php?name=register.html
to have free access to our reports on the technical services
industry.
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