Renowned technical services company Jacobs Engineering Group Inc. JEC recently secured a contract from the Texas Department of Transportation (‘TxDOT’) for an undisclosed amount. Per the deal, Jacobs would offer its premium engineering, construction and inspection services for the new US 75/Interchange Improvements Project. The contract will support the company’s organic growth as well as reinforce its relationship with TxDOT, going forward.
According to the contract, Jacobs would provide its non-imitable services for improving the US 75/President George Bush Turnpike interchange. This would involve modification of 2 direct connectors, construction of new auxiliary lanes, extension of the railroad bridge, and reconstruction or demolition of the Plano Parkway Bridge that spans across US 75. All construction activities associated with the project are expected to be completed within the next 3 years.
Jacobs is one of the leading providers of technical services and construction solutions for diversified public, industrial and commercial clients in the global forum. The company remains keen on improving its business through suitable organic growth initiatives. We believe the new contract would not only add up to Jacobs’ revenues in the quarters ahead but also help ensure greater safety and mobility for people traveling in the Collin County region of Texas.
Stocks to Consider
Jacobs currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Acacia Research Corporation ACTG, Bureau Veritas SA BVRDF and Core-Mark Holding Company, Inc. CORE. All three stocks carry a Zacks Rank #2 (Buy).
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