Supports climate response through resilient water
and asset management
DALLAS, Dec. 19,
2023 /PRNewswire/ -- Jacobs (NYSE:J), as part of the
Prosperity Joint Venture with AECOM, has been appointed as
Engineering and Professional Services Partner by Sunwater Limited,
a bulk water service provider in Queensland, Australia. The appointment is for
an initial five-year period with possible extension for another
five years at the end of the term.
As part of the Prosperity Joint Venture, Jacobs will deliver
engineering consulting services to support Sunwater's water
infrastructure upgrade projects across all disciplines, including
civil, hydraulic, geotechnical, electrical, mechanical and asset
management. A significant component of the contract is upgrading
six dams by 2035 to maintain a safe, secure water supply for the
region as part of the Dam Improvement Program.
"Our appointment is testament to our technical excellence in
water and ability to leverage our global dam engineering capability
to support Sunwater's forward capital expenditure
program," said Jacobs Senior Vice President Keith Lawson. "Through collaborating with
Sunwater and our JV partner as an integrated team we will deliver
Sunwater's extensive program of work. Our aim is to help Sunwater
grow their internal technical proficiency in engineering, asset
management and adaptive planning, enabling them to achieve their
strategic objectives."
Sunwater owns and operates 19 dams, 64 barrages, 1,951km of
pipelines and 595km of water channels across regional Queensland. It manages water supply for more
than 5,000 agriculture, urban and industrial customers and delivers
40% of water used commercially in Queensland.
"To successfully deliver a substantial and complex capital works
program, Sunwater needs to work with the industry's best," said
Sunwater CEO Glenn Stockton. "Our
partnership with the Prosperity Joint Venture will provide the
necessary skills and capabilities to build, operate, and maintain
water infrastructure assets critical to Queensland's economy. By bringing together
recognized industry leaders, we aim to create capacity growth to
safely deliver high-quality projects that will generate water for
the prosperity of future generations."
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
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, 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.
For press/media inquiries:
media@jacobs.com
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SOURCE Jacobs