$J

Veolia Water Milwaukee sued MMSD, alleging unfair contracting practices in a $700M contract award to Jacobs Solutions. MMSD denies wrongdoing but acknowledges Common Ground's influence. The dispute involves allegations of mismanagement and bid discrepancies, with Veolia's bid being significantly higher than Jacobs'.

SAIC (NYSE:SAIC) beat analyst estimates but traded sideways at $125.64. Maximus (NYSE:MMS) reported a 5.1% revenue decline, missing expectations, and fell 13.3% to $54.74. UL Solutions (NYSE:ULS) posted 5.2% revenue growth, in line with expectations, but dropped 24.9% to $68.37. Jacobs Solutions (NYSE:J) saw 8.3% revenue growth, exceeding expectations, and declined 2.4% to $139.26.

Jacobs Solutions (J) stock rose 3.3% after being selected by NVIDIA for a three-year SaaS agreement to deploy its Data Center Digital Twin platform. The company will optimize energy and monitor operations at a U.S. AI facility. Shares closed at $139.76, 15% below their 52-week high. The stock has had limited volatility, with only 7 moves greater than 5% in the past year.

Nvidia (NVDA) shares traded flat, on track for a third straight monthly gain, after announcing a data-center software deal with Jacobs (J) and reports of early discussions to shift AI infrastructure financing risk to insurers. NVDA is up 3% in September, near its record high. J stock also rose slightly. Retail sentiment for NVDA is bearish, citing technical signals.

Jacobs (J) secured a 3-year contract with Nvidia to implement its Data Center Digital Twin platform at Nvidia's U.S. R&D facility. The platform integrates engineering models and live data for energy management and predictive maintenance. Jacobs aims to develop it into an intelligent operating system for AI facilities. The company reported $12B in annual revenue. NVDA is mentioned but not the subject.

MMSD selected Jacobs Solutions to operate Milwaukee’s wastewater facilities, replacing Veolia North America. Jacobs' bid scored higher, offering a $54M lower cost over 10 years. The contract will start in 2028, pending legal resolution. The decision followed a two-year process and public review.

Jacobs has secured a five-year, $13 million contract with National Grid for the Asset Health Intervention Programme. The deal covers 800 transmission assets across three UK regions, involving 1,380 planned replacements and emergency interventions. Jacobs will provide design, data collection, and construction support. The program aims to address aging infrastructure and support increasing electricity demand.

Jacobs (J) extended its role on thyssenkrupp Steel's hydrogen-capable direct reduction plant in Germany, continuing project management and construction services. The plant aims to produce 2.5 million metric tons of direct reduced iron annually, replacing coal-powered blast furnaces. Jacobs was originally awarded the contract in August 2023 and will coordinate design, logistics, and construction. The project supports Germany's energy transition and industrial decarbonization.

Jacobs (J) has been reappointed to National Grid's Asset Health Intervention Programme, expanding its role to include the Southeast and Southwest regions. The five-year, $13M program focuses on modernizing U.K. transmission infrastructure, covering 800 assets. Jacobs will provide design, assurance, and construction support. The company aims to improve efficiency and resilience as the U.K. advances toward net-zero emissions.

Jacobs (NYSE: J) won a contract from BGE to support Germany's Konrad Repository project, a radioactive waste disposal facility. The company will provide advisory services to improve project execution, schedule accuracy, and cost reliability. Jacobs has experience in nuclear decommissioning and waste management across Europe.