Jacobs Secures Multi-Year Contract From USACE Japan, Boosts Backlog

Jacobs Solutions Inc. J is set to deliver architecture and engineering services through a multiple-award task order contract from the Japan District of the U.S. Army Corps of Engineers (USACE).Valued at a total aggregate contract capacity of $249 million, this contract is considered for supporting the U.S. Department of Defense. Jacobs will offer services during a seven-year performance period, comprising a five-year base period and a two-year option period.Jacobs’ Work ScopePer the contract, the company will offer an array of services for the construction, sustainment, restoration and modernization of the U.S. military, accompanied by hosting nation construction programs.This project by USACE Japan builds upon Jacobs' design-build capabilities that will support U.S. military installations and base-wide critical infrastructure. The capabilities of the company comprise mission and operations, accommodation, lifestyle, recreation, health and wellness facilities, education and training sites, coupled with telecommunications and secure data services, aircraft, ship and waterfront operations.Per Susannah Kerr, Jacobs executive vice president, “Our global support for USACE highlights our commitment to working alongside government agencies on national security infrastructure and resilience, to foster safer, cleaner and more prosperous communities.”Growing Backlog Drives Jacobs’ ProspectsJacobs’ efficient project execution has increased the demand for its consulting services in various sectors, including infrastructure, water, environment, space, broadband, cybersecurity and life sciences.The aforementioned statement is supported by the company’s ongoing backlog growth. At the fiscal fourth-quarter 2024 end, it reported a backlog of $21.85 billion, up 22.5% from $17.84 billion on a year-over-year basis. The uptrend was primarily driven by new business awards in its Americas business. With strong new sales and potential business prospects, the company expects a positive outlook for many industry groups and sectors in which its clients operate.Image Source: Zacks Investment ResearchJ stock has gained 4.1% in the past month against the Zacks Technology Services industry’s 3.9% decline. The company is expected to continue benefiting from strong global trends in infrastructure modernization, energy transition and national security, along with a potential super-cycle in global supply-chain investments in the upcoming period.J’s Zacks Rank & Key PicksJacobs currently carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks from the Business Services sector.Sezzle, Inc. SEZL presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.SEZL has a trailing four-quarter earnings surprise of 193.2%, on average. The stock has surged 631.9% in the past year. The Zacks Consensus Estimate for SEZL’s 2025 sales and earnings per share (EPS) indicates growth of 33.2% and 28%, respectively, from the year-ago period’s levels.AppLovin Corporation APP currently sports a Zacks Rank of 1. APP delivered a trailing four-quarter earnings surprise of 26.2%, on average. The stock has soared 727.8% in the past year.The Zacks Consensus Estimate for APP’s 2025 sales and EPS indicates growth of 23.5% and 50.6%, respectively, from the prior-year levels.SPS Commerce, Inc. SPSC currently sports a Zacks Rank of 1. SPSC delivered a trailing four-quarter earnings surprise of 10.7%, on average. The stock has gained 5.7% in the past year.The Zacks Consensus Estimate for SPSC’s 2025 sales and EPS indicates growth of 17.9% and 14.6%, respectively, from the prior-year levels.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPS Commerce, Inc. (SPSC): Free Stock Analysis Report AppLovin Corporation (APP): Free Stock Analysis Report Jacobs Solutions Inc. (J): Free Stock Analysis Report Sezzle Inc. (SEZL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks