Jacobs to Support VPRA in Transforming Passenger Rail in Virginia, Estimates Contract Value At Up To $10M Per Year For A One-year Contract With Option To Renew For An Additional Three Years
Portfolio Pulse from Benzinga Newsdesk
Jacobs (NYSE:J) has been selected as the prime consultant to the Virginia Passenger Rail Authority (VPRA) to deliver general engineering consulting services for passenger rail initiatives. The contract value is estimated at up to $10 million per year for a one-year contract, with the option to renew for an additional three years.
July 13, 2023 | 11:59 am
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Jacobs' selection as the prime consultant for VPRA's rail initiatives could potentially increase its revenues by up to $10 million per year.
The news directly pertains to Jacobs as it has been selected as the prime consultant for VPRA's rail initiatives. This contract, valued at up to $10 million per year, could significantly boost Jacobs' revenues, hence the positive score. The importance is high as this contract could have a significant impact on the company's financial performance. The confidence in this analysis is high as the information is directly stated in the news.
CONFIDENCE 90
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RELEVANCE 100