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Jacobs Named Construction Manager as Advisor of Fermilab's DUNE Near Site

1. Jacobs named Construction Manager Advisor for LBNF Near Site project at Fermilab. 2. The project supports critical neutrino research, potentially boosting future government contracts for J.

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Why Bullish?

The award of a high-profile government infrastructure contract by a premier scientific lab strengthens Jacobs’ revenue prospects. Historically, such wins, like previous DOE-backed projects, have resulted in stock gains.

How important is it?

This contract is significant due to its scale and high-profile nature, likely positively impacting investor sentiment, though its benefits will materialize gradually.

Why Long Term?

The project involves long-term infrastructure development and strategic positioning in the government contracting space, ensuring sustained future benefits.

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Complex infrastructure project will support facilities for the Deep Underground Neutrino Experiment at U.S. Department of Energy's Fermilab's Illinois site DALLAS , Feb. 25, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was named the Construction Manager as Advisor (CMa) for the Long-Baseline Neutrino Facility (LBNF) Near Site Conventional Facilities project located at the U.S. Department of Energy's Fermi National Accelerator Laboratory (Fermilab) in Batavia, Illinois. Fermilab is one of the premier U.S. particle physics and accelerator laboratories studying the mysteries of neutrinos, the most abundant particles that have mass in the universe.

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