Jacobs Bags US Department Of State Overseas Buildings Operations Support Contract

Jacobs Engineering Group Inc J has secured a third consecutive architecture and engineering support services contract to support the U.S. Department of State Bureau of Overseas Buildings Operations (OBO).
Jacobs will be providing program-level process- and procedure-improvement support, existing facilities surveys and analyses, and other project-specific support.
OBO estimates the IDIQ contract value at up to $250 million over five years.
Price Action: J shares are trading higher by 1.40% at $147.47 on the last check Tuesday.