Premium technical services company Jacobs Engineering Group Inc. JEC recently won a three-year contract from the renowned Global Engineering Partner, BASF, for an undisclosed amount. The new agreement will not only help boost the company’s organic growth trajectory but also augment its brand status in the global engineering and construction market.
As per terms of the new contract, Jacobs would be providing its premium integrated project management and engineering, procurement and construction management (EPCM) services for various construction projects of BASF around the world.
Jacobs was selected for the project after it successfully delivered several construction projects in North America, India, Southeast Asia and Europe. BASF is currently focused on widening its business on a global scale and its numerous construction projects are consistent with this goal. At this juncture, Jacobs’ capability to execute international projects is expected to support BASF’s growth plans in the near future.
Jacobs is one of the leading providers of technical services and construction solutions for diversified public, industrial and commercial clients worldwide. It also offers rail planning, rail consulting, and designing & construction services to most private as well as public railroads in the U.S. The firm remains keen on improving its business through suitable organic growth initiatives. Jacobs believes that the latest contract-win implies an endorsement of its EPCM competence as well as international reach. We expect the afore-mentioned deal to boost the company’s organic growth path and revenues, going ahead.
Stocks to Consider
Jacobs presently carries a Zacks Rank #4 (Sell). Better-ranked stocks in the industry include KBR, Inc. KBR, On Assignment Inc. ASGN and Broadridge Financial Solutions, Inc. BR. All three stcoks hold a Zacks Rank #2 (Buy).
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