Twin Contract Win for Jacobs - Analyst Blog
May 15 2013 - 9:00AM
Zacks
Technical, professional and
construction services provider, Jacobs Engineering Group
Inc. (JEC) recently entered into a contract with Central
Texas Regional Mobility Authority. The project, valued at $6.0
million, relates to the road projects located in the MoPac South
corridor in Austin, Texas.
Per the contract, Jacobs will take
up the responsibility of supervising environmental and preliminary
engineering services together with public involvement efforts for
the development of roughly 9 miles of roadway in the MoPac
corridor.
Apart from Jacobs, there are a
number of other parties involved in the execution of the project.
The other participants include the General Engineering Consultant
(GEC), staff from the Mobility Authority, specialty consultants and
Texas Department of Transportation (TxDOT).
This contract, which we consider to
be an extension of the long standing relationship between the
Mobility Authority and Jacobs, is expected to be fruitful.
On the same day, Jacobs also
announced a renewal of the frame agreement with the Austria based
company Borealis. The project is located at Stenungsund,
Sweden.
The value of the contract is
undisclosed, however, the contract spans a wide range of projects,
each having a total installed cost of roughly $11.0 million. Jacobs
will provide procurement, engineering, construction management and
project management services.
The contract is an extension of the
ten year old relationship between the two companies in Sweden.
Jacobs currently carries a Zacks
Rank #3 (Hold). Other stocks to watch out for in the construction
industry are Michael Baker Corporation (BKR),
carrying a Zacks Rank #1 (Strong Buy); while, Harris &
Harris Group, Inc. (TINY) and Quanta Services,
Inc. (PWR), carry a Zacks Rank #2 (Buy).
BAKER (MICHAEL) (BKR): Free Stock Analysis Report
JACOBS ENGIN GR (JEC): Free Stock Analysis Report
QUANTA SERVICES (PWR): Free Stock Analysis Report
HARRIS & HARRIS (TINY): Get Free Report
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