Stock Pulse
Jacobs Solutions Inc. (J) concluded its Critical Mission Solutions (CMS) separation, receiving $70 million used for debt reduction and Amentum shares for distribution to shareholders [2]. The company significantly reduced its debt by approximately $312 million through an equity-for-debt exchange involving Amentum stock [5] and secured a new $200M/$410M loan to replace previous debt [8]. Jacobs won several key contracts: a $13.4 million OT cybersecurity contract with HRSD [3], a multi-year Boise Airport expansion project [4], and a contract with PsiQuantum to design a quantum computing facility in Australia [7]. While recent stock performance has been weak [1], [6], the company shows signs of fundamental strength through contract wins, debt reduction, and strategic focus on high-growth areas like cybersecurity and quantum computing. Long-term prospects appear positive despite some concerns about lagging ROE compared to the industry [6].