Published on 18 Mar 2024 on Zacks via Yahoo Finance
Jacobs (J) Wins United Utilities' Strategic Solutions Deal
Jacobs Engineering Group Inc. J received a contract from one of the U.K.'s largest listed water companies, United Utilities, to support program optimization for major capital works within its Strategic Solutions Team.Per the deal, J will drive program and asset optimization, value engineering, innovation and standardization across United Utilities’ existing and new asset base, which will develop efficient and integrated solutions and will recommend ideal options.Jacobs' technical advisories will provide feasibility and value management studies, commercial modeling, business case development, design and digital engineering, whole-life cost, best value assessments and more.The total framework agreement is valued at approximately $211 million for the base contract period of six years with a five-year extension option.
Solid Project Execution to Drive Growth
Jacob's ability to execute projects efficiently has played a pivotal role in driving the company's performance in recent quarters. The continuous success in securing new contracts stands as evidence of this proficiency. As of the first quarter of fiscal 2024-end, the company disclosed a backlog of $29.6 billion, marking a 4.7% increase compared to the previous year. This growth underscores the sustained strong demand for Jacobs' consulting services.