56 F
Los Angeles
Thursday, Nov 30, 2023

Jacobs Engineering Announces Three Contracts

Jacobs Engineering Group Inc. said Tuesday it received contracts for construction projects related to San Francisco’s water supply, a University of Oklahoma power plant, and diesel projects for ExxonMobil Corp.

In potentially the largest of the contracts, the Pasadena-based engineering and construction firm will provide about $25 million in construction management services to the San Francisco Public Utilities Commission’s Bay Division Regional Project. The $220 million project will build about 16 miles of pipeline, upgrades and other public works projects.

Jacobs said it also was awarded a contract by the University of Oklahoma to provide engineering, design and construction administration for a $60 million chilled water, steam and electricity production plant at the school’s campus in Norman.

In the third contract, the company said it will provide engineering, procurement and construction for ExxonMobil diesel supply projects in Texas and Louisiana that are to boost production of ultra low sulfur diesel. Financial terms were not disclosed.

Jacobs Engineering shares closed up $2.95, or 6 percent, to $42.02 on the New York Stock Exchange.

Featured Articles

Related Articles