Jacobs (JEC) Wins New U.S. Army Contract Worth Over $130M

Jacobs Engineering Group Inc. (NYSE:JEC) continues to boost its organic growth trajectory on the back of a new contract secured from the U.S. Army. If all the possible options are exercised then gross value of the contract would be more than $130 million over the next five years.

Over the last two years, shares of this Zacks Rank #3 (Hold) stock yielded a return of 18.22%, as against the loss of 2.53% incurred by the Zacks categorized Engineering - R and D Services industry. Notably, the stock currently carries a favorable Value Growth Momentum Style Score “A”.

Inside the Headlines

Per the new contract, Jacobs would be assisting the U.S. Army Electronic Proving Ground Scientific and Engineering Support Services, by offering its premium test and evaluation services for the U.S. Army, as well as the other agencies of the Department of Defense. These would include different types of enterprise and distributed network systems testing in domains like cybersecurity, electromagnetic environmental effects, reconnaissance, logistics, information assurance, safety and security. Notably, Jacobs would be providing electronic warfare, developmental and operational intelligence, cyber, software and biometric testing services under the contract.

The initial work of the contract would begin at Fort Huachuca. However, certain additional activities would be performed at Aberdeen Proving Ground, Fort Hood, Fort Bliss and White Sands Missile Range.

Stocks to Consider

Some better-ranked stocks in the industry are listed below:

Boise Cascade Company (NYSE:BCC) generated an outstanding average positive earnings surprise of 114.74% over the trailing four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

TopBuild Corp. (NYSE:BLD) also sports a Zacks Rank #1 and has an average positive earnings surprise of 5.98% for the past four quarters.

Armstrong World Industries, Inc. (NYSE:AWI) currently carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 1.73% for the last four quarters.

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