Jacobs Engineering Group Inc. (JEC) is playing to its strength of acquiring and working on contracts. The company has been gaining large and diversified contracts globally. The latest addition to the contracts galore comes from U.K.’s Office for Nuclear Regulation (ONR). The value of the five-year framework agreement has not been disclosed.
According to the contract, Jacobs will provide technical assistance to ONR in areas including radwaste, internal and external hazards, civil engineering and decommissioning. The company will support ONR in the safe operation of existing U.K.-licensed nuclear facilities and assessing the safety aspects of future facilities along with designing new reactors.
Jacobs is confident of executing the contract successfully given its past experience in delivering complex and highly regulated projects across the entire nuclear life cycle.
Jacobs caters to an array of sectors like oil and gas, petrochemical, mining, IT services and power through joint ventures and contract wins. The company presently has a significant share in the huge global infrastructure market, which is expected to grow further in the coming quarters.
California-based Jacobs is one of the leading providers of professional, technical and construction services to industrial, commercial and governmental clients. The company provides its services through more than 200 offices and subsidiaries located principally in North America, Europe, Asia and Australia.
Other Stocks to Consider
With a market capitalization of $8.4 billion, the stock currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry that warrant a look include AECOM Technology Corporation (ACM), Quanta Services, Inc. (PWR) and Willdan Group, Inc. (WLDN). All these stocks hold a Zacks Rank #2 (Buy).
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