Jacobs wins multi-year Nashville transportation contract
Get Alerts J Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.3%
Revenue Growth %: -20.8%
Join SI Premium – FREE
Jacobs (NYSE: J) received a multi-year contract from the Metropolitan Government of Nashville and Davidson County's Department of Transportation and Multimodal Infrastructure to provide architecture and engineering services for the city's Choose How You Move program.
The program encompasses more than 50 project types including multimodal planning, traffic operations, infrastructure design, environmental compliance and community engagement. Jacobs will serve as strategic consultant for improvements planned across Nashville, including construction of 86 miles of new sidewalks and modernization of nearly 600 traffic signals.
The company will integrate real-time mobility analytics, including StreetLight Data, to deploy adaptive traffic signals aimed at improving reliability and reducing congestion. The program also includes 54 miles of enhanced corridors and dedicated transit lanes.
"Choose How You Move is a bold investment in Nashville's future," said Tom Meinhart, Jacobs Executive Vice President. "Together with NDOT, we're creating a more connected city where residents can access jobs, schools, parks and essential services safely, reliably and affordably, no matter how they travel."
Jacobs currently works on NDOT's Complete Streets program, delivering engineering and design solutions for pedestrian and cyclist infrastructure along corridors including Dickerson Pike and Lebanon Pike, both listed on the city's High Injury Network.
The Choose How You Move program stems from Nashville's voter-approved transit referendum designed to transform transportation in the city. Jacobs reported approximately $12 billion in annual revenue and employs approximately 47,000 people, according to the company statement.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump: everybody is fully aware that Iran will agree to have major weapons inspections in order to ensure "nuclear honesty" long into future
- 3Knights Dynamics files for IPO on Nasdaq at $4-$5 per share
- OpenAI launches cybersecurity tools and open-source patching program
Create E-mail Alert Related Categories
Corporate News, Hot Corp. NewsRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share