Jacobs Engineering Group Inc. (JEC) has received a contract from Suncor Energy to provide project management, engineering and procurement services to complete the scoping study and Design Basis Memorandum (DBM) for tailings and water transfer projects. These projects are a portion of the Tailings Reduction Operations (TRO) implementation at Suncor's oil sands mining, extraction and upgrading facility located 30 kilometers north of Fort McMurray, Alberta, Canada. Officials have not disclosed the contract value.  TRO is Suncor's new initiative to implement a Mature Fine Tailings (MFT) drying process, which results in the dry material to be reclaimed in place or moved to another location for final reclamation. The process helps achieve a dryer landscape in a shorter period of time and allows for accelerated reclamation timelines, shrinking the environmental footprint of oil sands mining operations.  With annual revenues exceeding $12 billion, Jacobs is one of the world's ...

Fluor Corporation (FLR) reported third quarter earnings per share of 89 cents, matching the Zacks Consensus Estimate. Revenue declined by 4% to $5.4 billion, which compares with $5.7 billion in the third quarter of 2008. This change was driven primarily by decreases in the Oil & Gas and Power segments. Revenue in both Industrial & Infrastructure and Government segments was up from last year.  While three of the five business segments reported earnings growth over 2008, the Oil & Gas segment profit declined by 8% and the Global Services segment profit was impacted by a $45 million provision relating to a collection issue on a completed paper mill revamp project.  New project awards for the quarter were $2.9 billion, compared with record awards of $8.8 billion a year ago. Consolidated backlog at the end of the quarter was $28 billion. This represents a $2.9 billion increase ...

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 ...

Yesterday, Jacobs Engineering Group Inc. (JEC) and Office Cherifien Des Phosphates (OCP) entered into an engineering joint venture agreement.  The terms of agreement are not disclosed. However, during the initial phase, the joint venture will provide program, project management and engineering services for projects based on the US$5 billion investment program of Office Cherifien in Morocco.  The agreement, when completed, will represent a powerful combination of engineering and program management resources aligned to support OCP in implementing its strategic expansion plans, in particular the infrastructural elements of the Jorf Lasfar phosphate hub development.  It will also advance Jacobs’ growth plans in the fertilizer industry in general and in the region in particular. The joint venture will provide services to OCP and third parties in their phosphate engineering business activities worldwide. In addition, the parties intend to expand the capabilities of the joint venture to ...

Last week, Jacobs Engineering Group Inc. (JEC) was awarded a three-year extension on the Engineering and Science Contract (ESC) at the NASA Johnson Space Center (JSC) with an estimated value of $978 million. This brings the total contract value to approximately $2.16 billion through Jan 31, 2013, with an eight-year total performance period.  The Jacobs Team supporting NASA ESC includes five major subcontractors: Hamilton Sundstrand (HS), Barrios Technology Ltd. (Barrios), MEI Technologies Inc. (MEI), ERC Incorporated (ERC), and GeoControl Systems Inc. (GCS).  Jacobs provides services to Johnson's Engineering Directorate and Astromaterials Research and Exploration Science office. Specific support includes engineering products and services for the International Space Station (ISS), Space Shuttle and other spacecraft flight programs; design, development, certification and production of hardware and software; operation and maintenance of on-site laboratories and facilities; and research and development for new technology. In addition, Jacobs is supporting the ...

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’ ...

On Tuesday, Jacobs Engineering Group Inc. (JEC) received a contract to lead design efforts on the Interstate-15 (I-15) south design-build project for the Nevada Department of Transportation (NDOT). The terms of the contract were not disclosed, but the project's total construction value is estimated at 6.5 million.

This project includes roadway and bridge design for improvements to 6 miles of I-15, from Tropicana Avenue to Silverado Ranch Boulevard in Clark County, Nev. These improvements are to relieve current congestion and prepare for future growth. Jacobs is a subcontractor to Las Vegas Paving Corporation, the project's local contractor.

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' cost focus puts it in

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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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Stalled Infrastructure Projects: What it Means for Investors by David Fessler, Advisory Panelist

Make no mistake: Government and privately funded investment in public works projects - not bubble inducing, debt-financed consumer spending - will be the guiding light that leads the way out of this recession.

The American Recovery and Reinvestment Act - otherwise known as the “Stimulus Bill” - provides $120 billion to begin to address our nation’s crumbling infrastructure.

It’s the largest infrastructure investment since Eisenhower’s Federal-Aid Highway Act of 1956, which created the U.S. interstate highway system.

Infrastructure investment - under-funded since the 1960s - will be unprecedented over the next three to five years, and let’s face it: the need is huge.

According to the National Surface Transportation Policy Review Study Commission, $225 billion needs to be spent annually for the next 50 years… that’s over $11 trillion, and that’s just for the transportation

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For Immediate Release

Chicago, IL - May 7, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bank of America (BAC), Citigroup (C), Microsemi Corp. (MSCC), Foster Wheeler AG (FWLT) and Web.com (WWWW).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Wednesday's Analyst Blog:

Bank of America: Rumors & Denials

Over the past several days there have been many rumors and "leaked reports" on the need of additional capital by all the banks "stress tested" by the regulators -- and by Bank of America (BAC) and Citigroup (

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