Dallas-based engineering firm Jacobs is planning to split government services business into a separate firm. The split will result in two independent...
These before and after images show the work Jacobs performed in cleaning up a heavily contaminated plutonium production site in Richland, Wash.About 15,000 of Jacob’s current 62,000 workforce will become part of the new company.
“It’s a great opportunity for the core business,” Pragada said in an interview. “We have the opportunity right now to have a higher margin, higher technology base and higher growth business as a result of some really unique capital allocations as well as investment in our people and our company with this separation.”“It’s a great company and a leader in its space,” Pragada said. “It’s going to have a tremendous amount of opportunity as a standalone entity.and that is going to continue on.
Jacobs is one of the largest public companies based in Dallas-Fort Worth and is the biggest of three major engineering firms with head offices here. Fluor and AECOM also call North Texas home.“We have made these type of and will continue to as a company as we continue to deliver maximum value to our shareholders,” Pragada said. “This is the next step in our transformation of our portfolio and it’s an exciting one.”
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