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Jacobs Selected to Design Light Rail Extension in Seattle

1. Jacobs awarded design services for Seattle's West Seattle Link Extension project. 2. The project enhances connectivity and is expected to reduce travel times by 50%. 3. Expected to spur development, including retail and affordable housing near stations. 4. Service commencement is planned for 2032, contributing to economic growth. 5. Jacobs has a long history in delivering transportation solutions in the region.

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Why Bullish?

The award of the significant contract may lead to revenue growth, enhancing Jacobs' market position similar to past contract wins in infrastructure.

How important is it?

The scale of the project and its potential economic ripple effects indicate a strong likelihood of affecting Jacobs' financial performance positively.

Why Long Term?

The investment in infrastructure may lead to sustained revenue growth over the next decade as the project develops and generates operational contracts.

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Expanded transit network will provide reliable mobility and enhanced community connections , /PRNewswire/ -- Jacobs (NYSE: J) has been selected to provide design services for Sound Transit's West Seattle Link Extension. This project will expand Seattle's light rail network, enhancing connectivity for residential and economic centers, and offering faster, more reliable service. The West Seattle Link Extension will add 4.1 miles of light rail, a new bridge, tunnel and four new stations, connecting Seattle's SODO neighborhood with West Seattle's Alaska Junction neighborhood. Jacobs will lead Phase 1 design and design validation for the extension. "Jacobs has delivered some of Puget Sound's most critical transportation solutions for 70 years, including approximately 30 miles of light rail system expansions for Sound Transit," said Jacobs Executive Vice President Ron Williams. "Transportation infrastructure enhances mobility and provides vital economic growth and community opportunities. The West Seattle Link Extension will serve as a gateway to the community, with streetscapes and public spaces that resonate with residents, while reducing travel times and improving access to jobs, education and services in the Seattle area." Expected to begin service in 2032, the West Seattle Link Extension will reduce travel times on key lines by up to 50 percent. It will also offer commuters an alternative to the West Seattle Bridge during periods of peak demand. The delivery of this piece of critical infrastructure will also be the catalyst for new development near stations, including retail opportunities and a focus on affordable housing. At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook.   Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law. For press/media inquiries:[email protected]  SOURCE Jacobs WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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