Jacobs Lands Orange County Highway Modernization Contracts

Corporate Action
โดย Zacks Investment Research·Read original
Summary · why it matters

Jacobs Solutions has been awarded a contract by the Orange County Transportation Authority to provide construction management services for two major highway improvement projects in Orange County, California. One project focuses on upgrading State Route 91 by adding a new eastbound general-purpose lane, widening bridges, and reconstructing interchanges to improve traffic flow on a corridor that carries more than 300,000 vehicles daily. The other project involves improvements along Interstate 5 between I-405 and Yale Avenue, a segment with average daily traffic exceeding 275,000 vehicles, to enhance safety and reduce travel times. The company reported a record backlog of $27 billion in the second quarter of fiscal 2026, up 22% year over year, and raised its fiscal 2026 organic net revenue growth guidance to 8-10.5%. Shares of Jacobs inched up 1.8% following the news.

Impact on stocks 4

Artificial Intelligence · 2 stocks
Jacobs Solutions Inc.
J
▲ PositiveDemandrelevance

Awarded contracts for highway projects and reported record backlog, indicating strong demand for services

Energy Transition & Power Demand · 2 stocks