McCarthy-Jacobs Joint Venture Secures Groundwater Desalination Project in Southern California
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The McCarthy-Jacobs joint venture, involving Jacobs (NYSE:J), has been awarded a contract to design and build the Torrance Groundwater Desalter Expansion in Southern California. This project is part of the Water Replenishment District's initiative to create a drought-resilient drinking water supply for over 88,000 residents by treating salt water locally.
November 18, 2024 | 1:00 pm
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Jacobs, as part of the McCarthy-Jacobs joint venture, has been selected to design and build a major desalination project in Southern California, enhancing local water supply resilience.
Jacobs' involvement in a significant infrastructure project like the Torrance Groundwater Desalter Expansion is likely to positively impact its stock price in the short term due to the project's scale and importance in addressing local water supply issues.
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