Jacobs Solutions Inc. (NYSE: J) announced today that it has received a five‑year contract extension to continue serving as Program Management Consultant for the Don Young Port of Alaska Modernization Program. The extension secures Jacobs’ role in managing planning, design, procurement, and construction services for the phased, multi‑billion‑dollar program that will replace the Port’s aging waterfront infrastructure with modern, resilient facilities. The Port of Alaska is the state’s primary inbound cargo facility, providing essential goods to 90 % of the state’s population and supporting critical national‑security missions and disaster‑recovery capabilities.
Jacobs has been a partner on the modernization program since 2014, and the new extension reflects the close collaboration between the company, the Municipality of Anchorage, and the Port of Alaska. The program’s next phases will replace the first of the Port’s two primary cargo berths with a modern resilient structure designed to withstand seismic events and remain operational during severe weather. Jacobs’ continued involvement underscores its expertise in complex maritime infrastructure projects and its ability to deliver resilient, climate‑adapted solutions.
The five‑year extension represents a significant contract win for Jacobs, adding long‑term revenue and reinforcing its position as a leading provider of program management services for critical infrastructure assets. The announcement is material for investors because it confirms ongoing work on a high‑profile, multi‑billion‑dollar project that aligns with Jacobs’ focus on infrastructure and advanced facilities. The event was announced today, 2025‑10‑23, and is not covered in existing news releases, making it a new, material development for the company.
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