Premium technical services company Jacobs Engineering Group Inc. JEC recently secured a construction management contract to aid the Cobb County Water System’s 2015–2020 Capital Improvement program in Georgia. By winning this re-completing contract, Jacobs ensures that it maintains a stable corporate relationship with the Cobb County Water System and features in its associated projects in the future.
As per the terms of the deal, Jacobs would provide technical, professional and administrative services for the project. Further, the company would offer skilled workforce for efficient management of activities related to wastewater, construction of storm water facilities, and water and utility locating services under the project.
Jacobs would also extend its construction services for various kinds of sewer systems and water replacement as well as rehabilitation projects under the Cob County program.
Moving Ahead
Jacobs is one of the leading providers of technical services and construction solutions for diversified public, industrial and commercial clients worldwide. The company remains keen on improving its business through suitable organic growth initiatives.
As per research conducted by the Development Authority of Cobb County, the region has experienced almost 13.2% growth in population during 2000–2010, with the double-digit growth rate projected to continue through 2030. In such a densely populated area, these construction contracts are aimed at offering improved water services to inhabitants, and as such, these deals possess high social status. At the same time, such lucrative awards keep Jacobs’ growth momentum alive.
Stocks to Consider
Jacobs currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include KBR, Inc. KBR, On Assignment Inc. ASGN and Booz Allen Hamilton Holding Corporation BAH. All three stocks hold a Zacks Rank #2 (Buy).
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