US infrastructure giant Jacobs has seen 5.7% growth in 2022
The latest figures for the group, which owns 65% of UK tech firm PA Consulting, show $14.9bn turnover, up from $14.1bn in 2021. Much of this is boosted by the growth in the space industry and the move to clean energy in the US and Europe. It is backing the development to the UK’s first vertical spaceport being built in Scotland.
The company sees continuing growth of 6 to 10% in the first quarter of 2023, depending on currency fluctuations.
Last month it was awarded the Design & Project Services Framework with energy utility National Grid in the UK to support their full construction of the Electricity and Gas Transmission cycle.
This four-year framework will see Jacobs provide feasibility and survey works, concepts and designs as well as assurance, verification and commissioning services across all National Grid’s Transmission portfolio. This includes substations, overhead lines, onshore cables, high-voltage direct current (HVDC), protection control & cyber, gas, civils, multi-disciplinary design services, project services and design assurance.
“These services extend Jacobs’ 15-year relationship with National Grid and our continued commitment to challenge design rationale and drive programmatic and collaborative solutions to maximize project efficiencies,” said Jacobs People & Places Solutions Senior Vice President Europe and Digital Strategies Donald Morrison. “We will draw upon our transferable global experience to help develop, reinforce and accommodate new connections to the UK Electricity and Gas Transmission System.”
“We finished fiscal 2022 with strong top and bottom line performance positioning the company for continued growth in fiscal 2023,” said Steve Demetriou, chair and CEO of Jacobs.
“Within Jacobs and PA Consulting, our scientists, engineers and thought leaders address many of the world’s most complex challenges, like partnering with NASA to launch humans into deep space, driving energy transition solutions across the globe, and delivering software defined solutions to protect the next-generation digitally enabled UK soldier.”