Jacobs Pockets US Department Of Energy Contract

Jacobs Engineering Group Inc J, as a member of the United Cleanup Oak Ridge LLC (UCOR) joint venture, has secured the Oak Ridge Reservation Cleanup Contract (ORRCC).
The DOE estimates the contract value at $8.3 billion to be awarded over a 10-year period.
UCOR, formed by Amentum, Jacobs, and Honeywell International Inc HON, will support the U.S. Department of Energy's mission by performing environmental cleanup at the Oak Ridge Reservation, which includes the Y-12 National Security Complex (Y-12), Oak Ridge National Laboratory (ORNL) and the East Tennessee Technology Park (ETTP).
UCOR's team includes four pre-selected small businesses, RSI EnTech, Strata-G, Longenecker & Associates, and Environmental Alternatives, Inc.
The single-award IDIQ contract allows DOE, UCOR, and project stakeholders to collaborate to define the end states necessary to accelerate work at ORR.
Price Action: J shares closed higher by 2.41% at $139.28 on Thursday.