Jacobs Secures Multi-Year Contract From USACE Japan, Boosts Backlog

Core Insights - Jacobs Solutions Inc. has secured a $249 million contract from the U.S. Army Corps of Engineers to provide architecture and engineering services over a seven-year period [1] - The contract will support the construction, sustainment, restoration, and modernization of U.S. military facilities [2] - Jacobs' capabilities include a wide range of services for military installations, focusing on critical infrastructure and various operational needs [3] Company Performance - Jacobs reported a backlog of $21.85 billion at the end of fiscal Q4 2024, reflecting a 22.5% increase from $17.84 billion year-over-year, driven by new business awards [5] - The company has experienced a 4.1% stock gain in the past month, outperforming the Zacks Technology Services industry, which saw a 3.9% decline [6] - Jacobs is expected to benefit from trends in infrastructure modernization, energy transition, and national security, alongside a potential super-cycle in global supply-chain investments [6]