Zacks_Analysts' Blog : New Orders for Jacobs - Analyst Blog

Jacobs Engineering Group Inc. (JEC) announced that it received a new framework to deliver a range of professional engineering services to the Manchester Airports Group (MAG) in the United Kingdom.

MAG owns and operates four regional airports - Manchester, East Midlands, Bournemouth and Humberside - making it the second largest airport operator in the U.K.

Jacobs will provide airfield civil engineering, and mechanical and electrical engineering for MAG's building stock, including both airport facilities and non airport-related developments. Jacobs is the exclusive provider of these services.

The company also received a contract from the City and County of San Francisco, California, to provide construction management services for the San Francisco General Hospital and Trauma Center Rebuild Program.

The rebuild was approved by San Francisco voters in November 2008. They authorized the City and County to finance the project with $887.4 million general obligation bonds.

The San Francisco General Hospital and Trauma Center Rebuild Program will replace the existing hospital building with a facility that complies with the state's seismic safety requirements. San Francisco General Hospital and Trauma Center is the sole provider of trauma and psychiatric emergency services for the City and County of San Francisco. A comprehensive medical center, SFGH serves some 100,000 patients per year and provides 20 percent of the city's inpatient care.

 

Jacobs, with annual revenues exceeding $12 billion, is one of the world's largest and most diverse providers of technical, professional, and construction services. Its major competitors are Foster Wheeler AG (FWLT) and Fluor Corp. (FLR).