Jacobs Engineering Group Inc. (JEC) yesterday signed a contract with Amtrak, the National Railroad Passenger Corporation. According to the contract, the company will provide program management and construction management services for more than 100 infrastructure improvement projects (at over 360 locations). The potential value in excess of $560 million will be funded through the American Recovery and Reinvestment Act (ARRA) economic-stimulus package.   Under this contract, Jacobs will manage, procure, and administer, in part or in full, the design and construction of projects such as maintenance facility upgrades, bridge replacements, track work, security enhancements, and various station improvements.   In support of small and minority-owned businesses, Jacobs and Amtrak will set individual goals for significant levels of small and disadvantaged business enterprise participation, and contract projects to create jobs that will further economic recovery and provide long-term benefits.   With annual revenues exceeding $12 billion, Jacobs is one ...

URS Corporation (URS) announced that an alliance between URS and PBS&J has been awarded a contract by the Federal Emergency Management Agency (FEMA) to assist the agency in providing temporary housing and mass care solutions for the survivors of the disaster. The five-year contract has a maximum value of $375 million for the alliance, in which URS is the managing partner. The joint venture will be responsible for hauling and installing, the maintenance and deactivation of temporary mobile housing units, as well as the construction of temporary housing communities, as necessary. Additional responsibilities could include providing support for mass care initiatives, such as base camp development, food preparation and distribution and other life support functions as requested by FEMA. URS Corporation provides engineering, construction, and technical services to the power, infrastructure, Federal, and industrial and commercial market sectors in the United States and internationally. Its ...

Yesterday, Jacobs Engineering Group Inc. (JEC) received a contract from the Stanford University Medical Center in Palo Alto, Calif. According to the contract Jacobs will provide program and construction management services for the New Stanford Hospital and Lucile Packard Children's Hospital Expansion Projects. However, the contract value was not disclosed.   Recently, the company also received a contract from Abu Dhabi Polymers Company (Borouge) to develop front-end engineering and design (FEED) for a section of the "Borouge 3" project, a grassroots polypropylene/polyethylene facility in Abu Dhabi in the United Arab Emirates.   With annual revenues exceeding $12 billion, Jacobs’ is one of the world's largest and most diverse providers of technical, professional and construction services. Its major competitors are Foster Wheeler AG (FWLT) and Fluor Corp. (FLR).   The company’s diversification in terms of markets, geography and services will continue to facilitate future growth. Moreover, Jacobs’ ...

ProLogis (PLD), one of the leading global providers of distribution facilities, has recently announced its third new 4.8 megawatt solar project in Spain as part of its renewable energy program. The solar project would be installed on eight rooftops at ProLogis Park Sant Boi in Barcelona and ProLogis Park Alcala in Madrid. With these installations, ProLogis currently has solar projects on 20 buildings spanning 7.2 million square feet of roof space in the U.S., Japan, France, Germany and Spain. On completion of the new project, ProLogis would generate more than 11 megawatt of energy, which is equivalent to the power consumption in over 1,100 households per year. For the current solar project in Spain, ProLogis has leased 2 million square feet of roof space to Recurrent Energy, a leading provider of solar energy and power distribution company. Recurrent Energy will own and operate the project, and ...

Jacobs Engineering Group Inc. (JEC) announced that it received a new framework to deliver a range of professional engineering services to the Manchester Airports Group (MAG) in the United Kingdom. MAG owns and operates four regional airports - Manchester, East Midlands, Bournemouth and Humberside - making it the second largest airport operator in the U.K.

Jacobs will provide airfield civil engineering, and mechanical and electrical engineering for MAG's building stock, including both airport facilities and non airport-related developments. Jacobs is the exclusive provider of these services.

The company also received a contract from the City and County of San Francisco, California, to provide construction management services for the San Francisco General Hospital and Trauma Center Rebuild Program.

The rebuild was approved by San Francisco voters in November 2008. They authorized the City and County to finance the project with $887.4 million general obligation bonds.

The San Francisco General Hospital and Trauma Center

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DrStockPick.com Stock Report!

Tuesday August 4, 2009

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Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the U.S. General Services Administration to provide construction management services during the modernization of the Thomas S. Foley U.S. Courthouse in Spokane, Washington. The five-year contract has an estimated value to Hill of approximately $2.0 million.

The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended June 30, 2009 which included total funds from operations (”FFO”) diluted of $59.9 million or $.67 per diluted share compared to $1.12 per diluted share for the quarter ended June 30, 2008. For the six months

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