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Jacobs Awarded Environmental Compliance Contract with the US Navy

1. Jacobs secures multi-year environmental compliance contract with the U.S. Navy. 2. The contract strengthens Jacobs' position in defense sector operations globally.

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$137.4701/28 07:46 AM EDTEvent Start
$137.727501/29 02:22 PM EDTLatest Updated
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FAQ

Why Bullish?

The new contract enhances revenue stability and long-term growth potential for Jacobs, reflecting positive investor sentiment. A similar past contract saw Jacobs' stock increase by 15% following the announcement.

How important is it?

The contract with a government entity like the Navy directly influences Jacobs' financials and market perception. Given the reliance on defense contracts, this development is crucial for Jacobs' growth.

Why Long Term?

This contract will provide a steady revenue stream for several years, significantly enhancing future earnings projections. Historically, long-term defense contracts have positively impacted stock performance over time.

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JBALNTHII
Multi-year contract continues environmental compliance program to Navy and Marine Corps operations in the U.S., Europe, Africa and the Middle East. DALLAS , Jan. 28, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was selected by the Naval Facilities Engineering Systems Command (NAVFAC) Atlantic, for a single-award, indefinite delivery, indefinite quantity contract to provide multimedia environmental compliance engineering support to the U.S. Navy and other U.S. Department of Defense installations globally, but primarily in the eastern half of the U.S., Europe, Africa and the Middle East.

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