Blog Coverage Jacobs Lands on a Contract with Heathrow Airport

Upcoming AWS Coverage on AECOM Post-Earnings Results

LONDON, UK / ACCESSWIRE / December 14, 2016 / Active Wall St. blog coverage looks at the headline from Jacobs Engineering Group Inc. (NYSE: JEC) (“Jacobs”). The Company announced has been awarded a four-year contract from Heathrow Airport Ltd, London, on December 13, 2016, to support the sustainable expansion of the airport’s premises. According to reports, the expansion would include the development of a new runway, where, Jacobs would provide airport planning and engineering services to support the expansion drive. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Jacobs Engineering Group’s competitors within the Technical Services space, AECOM (NYSE: ACM), reported on November 14, 2016, its fiscal fourth quarter and full year 2016 results. AWS will be initiating a research report on AECOM in the coming days.

Today, AWS is promoting its blog coverage on JEC; touching on ACM. Get all of our free blog coverage and more by clicking on the links below:

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About the institutions

Jacobs is one of the world’s leaders in professional, technical, and construction services. Based in California, USA, Jacobs operates in more than 250 locations across 30+ countries. Founded in 1947, it boasts of a workforce of around 70,000 employees. The client base of Jacobs extends across several segments ranging from industrial, commercial, or governmental conglomerates, in different markets across the globe.

Heathrow Airport is one of the world’s largest airports in terms of passenger volume. Reportedly, it ranks first in Europe and sixth in the world. Heathrow Airport spans over 1,277 hectares and serves 185 destinations across 84 countries.

Heathrow’s planned expansion

The first speculation of a planned expansion showed up on September 28, 2008, when a BAA’s (now: Heathrow Airport Holdings) spokesperson stated that the nation was in dire need of a third runway and high-speed rail at Heathrow. The expansion, according to Heathrow will create about 180,000 new UK jobs, and boost the UK economy by up to £211 billion.

In July 2015, the government unanimously recommended the expansion of the Heathrow airport stating, that it could be done within environmental limits. This recommendation was closely followed by developments to assist Heathrow in the expansion of the airport. On March 15, 2016, Heathrow announced the four client partners, and a few months later, the Integrated Design Team (IDT) was assigned with the development of the plan for the expansion. On December 01, 2016, Heathrow revealed the team, which would design plans for the planned expansion. The team would include Amec Foster Wheeler, Arup, Atkins, Grimshaw, Mott MacDonald, Jacobs, and Quod.

Heathrow commenced the preparation to file a planning application for a probable expansion of the airport with a new runway on December 12, 2016. The application, which is intended to be formally submitted in 2019, would be executed once the Government designates the National Policy Statement. The first step towards the development would be the wildlife and other environmental surveys in the area, starting in the first quarter of 2017.

Jacobs’ aviation portfolio

Jacobs is part of the IDT and earned a four-year contract owing to its previous involvement in the railway project in Heathrow and its world-leading aviation infrastructure design expertise. Jacobs was awarded a contract by Network Rail on July 27, 2016, to improve rail links from Great Western main line to Heathrow Airport. The workstream with a timeline of about 27 months is still active and is set to provide an environmental and economic boost to the area.

Jacobs recently landed on a three-year framework contract with Heathrow Airport to offer inspection of civil engineering assets and execute a wide range of civil airport infrastructure works across the airport.

Stock Performance

At the closing bell, on Tuesday, December 13, 2016, Jacobs Engineering’s stock dropped 1.59%, ending the trading session at $60.60. A total volume of 840.96 thousand shares were traded at the end of the day. The Company’s stock price advanced 8.95% in the last month, 22.92% in the past three months, and 18.75% in the previous six months. Moreover, the stock soared 44.46% since the start of the year. Shares of the company have a PE ratio of 34.95 and currently have a market cap of $7.24 billion.

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