Benzinga | Oct 28, 2021 05:08PM EDT

Jacobs Pockets US Department Of Energy Contract

* Jacobs Engineering Group Inc (NYSE:J), as a member of the United Cleanup Oak Ridge LLC (UCOR) joint venture, has secured the Oak Ridge Reservation Cleanup Contract (ORRCC).

* The DOE estimates the contract value at $8.3 billion to be awarded over a 10-year period.

* UCOR, formed by Amentum, Jacobs, and Honeywell International Inc (NYSE:HON), will support the U.S. Department of Energy's mission by performing environmental cleanup at the Oak Ridge Reservation, which includes the Y-12 National Security Complex (Y-12), Oak Ridge National Laboratory (ORNL) and the East Tennessee Technology Park (ETTP).

* UCOR's team includes four pre-selected small businesses, RSI EnTech, Strata-G, Longenecker & Associates, and Environmental Alternatives, Inc.

* The single-award IDIQ contract allows DOE, UCOR, and project stakeholders to collaborate to define the end states necessary to accelerate work at ORR.

* Price Action: J shares closed higher by 2.41% at $139.28 on Thursday.