Engineering and construction company, Jacobs Engineering Group Inc. (JEC - Analyst Report), procured another contract from the U.S. Army Corps of Engineers, Charleston District. The Indefinite Delivery/Indefinite Quantity (IDIQ) contract will extend to up to three years, inclusive of the option years. However, the value remained under wraps.
The contract entails Jacobs to provide services including architectural and engineering design to the Defense Logistics Agency (DLA) Distribution program. In the process, Jacobs will be involved in the architectural, program management, planning, engineering and construction management support services to the DLA.
Earlier this month, Jacobs received another contract from the U.S. Army in Rock Island, Ill. The contract, spanning a year and two one-year option periods, relates to the supply of Jacobs’ Global Logistics and Support Services.
The contract deals with the U.S. contingency services, where the company is providing analysis, logistics, acquisition, planning and life cycle management support services. Through joint ventures and contract wins, Jacobs caters to an array of sectors like oil and gas, petrochemical, mining, IT services and power.
The continuous contract wins and the company’s association with the U.S. Army strengthens our belief for a bright future. The long-term association between the two is expected to prove beneficial for the company, reflecting a satisfactory service performance.
Jacobs is expected to release the fiscal first-quarter 2014 results on Jan 22. The Zacks Consensus Estimate for the same stands at 73 cents.
With a Zacks Rank #3 (Hold), Jacobs currently has a market capitalization of $8.5 billion. Some better-ranked stocks to watch out for in the industry include Beazer Homes USA Inc. (BZH - Snapshot Report), Fluor Corporation (FLR - Analyst Report) and Standard Pacific Corp. (SPF - Snapshot Report). All of these stocks carry a Zacks Rank #2 (Buy).