Jacobs Secures Major Program Win With Seattle -Tacoma International Airport

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Aug 03, 2023, 08:45 ET

Strategic advisory services to drive sustainable solutions

Project supports Pacific Northwest's tourism and business gateway

DALLAS, Aug. 3, 2023 /PRNewswire/ -- Jacobs (NYSE:J) was selected by the Port of Seattle (Port) to lead and manage the 10-year renovation of the S Concourse at Seattle-Tacoma International Airport (SEA). Modernizing the 50-year-old concourse includes improving operating systems, environmental efficiencies, and earthquake resiliency, prioritizing seismic updates.

Jacobs will provide full project management services, including project controls, estimating and scheduling support, development of enabling facilities supporting phase construction (airside, terminal, utilities), and a complete gate utilization strategy. In addition, Jacobs will provide advisory services for passenger flow analysis, airport and airline tenant engagement, and evaluation of sustainable building opportunities such as rainwater harvesting, eliminating the use of natural gas and the installation of sustainable alternative power sources, including solar energy.

"We are working together to create a multi-phased approach with long-term benefits for the operation and readiness of the staff, systems, equipment and processes during the development of the S Concourse," said Jacobs People and Places Solutions Americas West Region Senior Vice President & General Manager Imad Feghali. "We are committed to bringing custom solutions to the airport and improving transportation connectivity—all through the lens of sustainable development."

As the S Concourse design and construction work develops, the Port and Jacobs are committed to advancing equity, inclusion, and diversity by partnering with women-and minority-owned business enterprises (WMBE) and other disadvantaged firms and setting an aspirational goal of 20% participation for the overall project supply chain and greater than 25% for Jacobs' contracted services.

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery, and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $15 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

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SOURCE Jacobs