Jacobs to Provide Highways & Environmental Services to Hertfordshire County Council

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May 23, 2024, 06:21 ET

Innovative and sustainable solutions to upgrade highways network in the United Kingdom

Supports vision to enhance economy, environmental stewardship and social equity

DALLAS, May 23, 2024 /PRNewswire/ -- Jacobs (NYSE:J) has been appointed by Hertfordshire County Council to provide multi-discipline and flexible highways and environmental professional services to advance the public highways network in Hertfordshire, U.K.

Working collaboratively with Hertfordshire County Council and its supply chain, Jacobs will provide program and asset management, and technical support to the highway and environmental service – to protect and maximize value from Hertfordshire County Council's $10 billion (£8 billion) highway, structures and environmental assets.

The Jacobs-led team includes a strategic partnership with PA Consulting as embedded innovation and transformation partner. PA Consulting's Global Innovation and Technology Centre in Royston, Hertfordshire will be a creative center from which to help create the future of local transport and highway services. Additionally, the team includes sub consultants Tetra Tech, Tony Gee and Brightly, a Siemens company. This integrated, locally-driven team will deliver enduring outcomes for the Hertfordshire community with a specific focus on sustainability and social value objectives.

Hertfordshire County Council expects the contract to commence in October for an initial five years followed by optional extension periods to a maximum of 14 years, with an estimated contract value of $22 million (£17 million) per annum.

"We are developing a collaborative innovation culture with Hertfordshire County Council that will evolve services to meet ambitions for a cleaner, healthier Hertfordshire and grow local small/medium enterprises, suppliers, skills and jobs," said Jacobs Senior Vice President Kate Kenny. "Our program management capability and tools, combined with our global specialists and data solutions ultimately benefit the county's residents and businesses creating more resilient and effective services for more than a million people who live and work in Hertfordshire."

"Following much hard work and a competitive procurement process, I am pleased to announce our collaboration with Jacobs. I look forward to many years of close co-operation as we continue working to protect, repair and enhance our highways network," said Hertfordshire County Councilor and Executive Member for Highways Phil Bibby. "Our roads are the arteries that connect our people and communities across the county and I am confident that working together with Jacobs we have the right people and plans in place to deliver for Hertfordshire."

Ranked No.1 in Program Management by Engineering News-Record and as one of the largest service providers to U.K. Local Government Authorities, Jacobs helps plan, develop, finance, design, deliver and maintain world-class infrastructure solutions that connect people and communities.

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 $16 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 X.

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, our plans to spin off and merge with Amentum our Critical Missions Solutions business and a portion of our Divergent Solutions business in a proposed transaction that is intended to be tax-free to stockholders for U.S. federal income tax purposes, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation related to governmental spending, 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 any future pandemic or infectious disease outbreak, 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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