April 23, 2008 |
Construction services provider Jacobs Engineering Group Inc. said its fiscal second-quarter profit jumped 48% as surging oil and gas prices spurred contracts to build energy projects. For the quarter that ended March 31, the Pasadena-based company earned $99.3 million, or 80 cents a share, up from $67.2 million, or 55 cents, a year earlier. Revenue rose 27% to $2.66 billion. Analysts, on average, were expecting a profit of 77 cents a share on sales of $2.63 billion, according to a poll by Thomson Financial.
January 9, 2008 |
Jacobs Engineering Group Inc. won a contract worth as much as $480 million to provide technical support to the Air Force. The work includes providing engineering, test and evaluation services at Hanscom Air Force Base in Massachusetts as well as other locations. The contract lasts three years, Pasadena-based Jacobs said.
March 25, 2005 |
The refinery explosion that shook a town southeast of Houston on Wednesday also sent a shock wave through the headquarters of Jacobs Engineering Group Inc. in Pasadena. Eleven of the 15 workers who died in the explosion and fire at the BP refinery in Texas City worked for Jacobs, one of the world's largest construction and engineering firms. "It's my worst nightmare," Jacobs Chief Executive Noel Watson said in an interview outside his office Thursday.
CALIFORNIA | LOCAL
October 27, 2004 |
Joseph J. Jacobs, chairman and founder of Jacobs Engineering Group Inc., one of the world's largest engineering and construction firms, died Saturday in Pasadena. He was 88. A Brooklyn, N.Y., native, Jacobs moved to California and founded his namesake company in 1947, offering his services as a chemical engineering consultant and manufacturers' representative for large-scale equipment.
April 23, 2003 |
Given the hoopla surrounding the contract won by San Francisco-based Bechtel Group for the rebuilding of Iraq, it would be easy to conclude that the best way to make money in the engineering business these days is to follow the bombs. Yet, in fact, others in the industry are reaping profits by following the boom -- that is, the aging baby boom generation and its increasing need for medical treatment.
March 15, 2000
Jacobs Engineering Group Inc. will pay $35 million to settle a lawsuit that claimed the Pasadena firm improperly billed the U.S. government on contracts involving mostly environmental cleanup, the U.S. attorney said. The suit claimed Jacobs made unallowable charges on cost reimbursement contracts with the military, Energy Department, Environmental Protection Agency and NASA. Although it settled, Jacobs denies the allegations.