Two New Contracts for Jacobs - Analyst Blog
March 28 2013 - 9:00AM
Zacks
Jacobs Engineering Group
Inc. (JEC), a construction services provider, recently
increased the count of its contract awarded in the year 2013, by
receiving two contracts on the same day.
Jacobs received its first contract
from Sanofi Pasteur, the vaccine wing of Sanofi
S.A. (SNY). Sanofi S.A., based in France, which is one of
the largest pharmaceutical companies in the world. Sanofi Pasteur
produces more than one billion doses of vaccine each year, saving
lives against more than 20 diseases.
Per the contract, Jacobs is
required to provide engineering services to Sanofi’s Flu Vaccine
Facility in Ocoyoacac, Mexico. The value of the contract remains
undisclosed.
Jacobs was also selected as one of
the panel members by Australian gas producer, Santos. The contract
relates to Santos’ Eastern Australia Business Unit (EABU). The
duration as well as value of this contract are still
undisclosed.
Per the contract, Jacobs will
provide engineering, design and project management services for the
oil and gas assets of Santos, in the central and east coast regions
of Australia. Jacobs will carry out its operations from its offices
in Adelaide, Melbourne and Brisbane.
There has been a long standing
association of Jacobs with Sanofi as well as Santos. These
contracts evidently show the satisfaction these two companies
derived from Jacobs’ services. It is believed that both the above
contracts will help Jacobs extend its reach in regions outside the
U.S. and give the company an edge over others.
Jacobs currently carries a Zacks
Rank #2 (Buy). Other stocks worth a look in the services industry
are AECOM Technology Corporation (ACM), and
Mistras Group Inc. (MG); both carrying a Zacks
Rank #2 (Buy) as well.
AECOM TECH CORP (ACM): Free Stock Analysis Report
JACOBS ENGIN GR (JEC): Free Stock Analysis Report
MISTRAS GROUP (MG): Free Stock Analysis Report
SANOFI-AVENTIS (SNY): Free Stock Analysis Report
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