Jacobs Engineering

Jacobs Engineering is involved in nuclear weapon modernisation operations for the UK and US nuclear arsenals.

Nuclear Weapons |  Investments (years compared) (2021) (2020) (2019)

Company Profile

Jacobs Engineering Group, based in the United States, provides services including consulting, technical, scientific and project delivery for the government and private sector.1 Jacobs Engineering completed its acquisition of another nuclear weapon component producer, CH2M Hill, in 2017.2 In the financial year ending 27 September 2021, Jacobs Engineering generated revenues of $14.1 billion.3

Stock exchange listing

NYSE: JEC

Contact information

1999 Bryan Street, Ste. 1200
Dallas, TX 75201 USA
+1.214.583.8500
Website: http://www.jacobs.com/
Facebook: https://www.facebook.com/JacobsConnects/
Instagram: https://www.instagram.com/jacobsconnects/
LinkedIn: https://www.linkedin.com/company/jacobs/
Twitter: https://twitter.com/JacobsConnects
YouTube: https://www.youtube.com/user/jacobsworldwide

Nuclear weapons

Formerly known as the Nevada Test Site, the Nevada National Security Site maintains facilities related to nuclear weapon modernisation and stockpiling. It retains the capability to resume full-scale nuclear testing within a couple years, at the discretion of the US President.4 Mission Support and Test Services LLC (MSTS) manages and operates the site. MSTS is a limited liability company consisting of Honeywell International Inc., Jacobs Engineering Group Inc., and Stoller Newport News Nuclear, Inc. (part of Huntington Ingalls Industries).5 The ten-year contract is worth $9,2 billion and is set to expire in November 2027.6

Investments

Investments compared

Click on the institution to see if and how they've invested in the past. Red indicates a new investor in 2021. Green indicates investors that ended their involvement by 2021.

2022 Investments

2022

InvestorCountryBondholdingLoansShareholdingGrand total
AegonNetherlands$60.0$60.0
Allspring Global InvestmentsUnited States$310.5$310.5
American Century InvestmentsUnited States$138.7$138.7
American EquityUnited States$42.0$42.0
Banco Bilbao Vizcaya Argentaria (BBVA)Spain$134.5$134.5
Bank of AmericaUnited States$460.0$111.4$571.4
BarclaysUnited Kingdom$59.2$59.2
BlackRockUnited States$6.5$832.2$838.7
BMO Financial GroupCanada$134.5$134.5
BNP ParibasFrance$743.8$743.8
Capital GroupUnited States$1,570.5$1,570.5
Charles SchwabUnited States$134.3$134.3
CI FinancialCanada$96.3$96.3
Citizens Financial GroupUnited States$134.5$134.5
Desjardins GroupCanada$2.8$2.8
Deutsche BankGermany$5.0$5.0
Dimensional Fund AdvisorsUnited States$139.3$139.3
Empyrean Capital PartnersUnited States$153.4$153.4
Equitable HoldingsUnited States$144.2$144.2
Fiera CapitalCanada$12.1$12.1
Findlay Park PartnersUnited Kingdom$336.2$336.2
Franklin ResourcesUnited States$27.0$27.0
Geode Capital HoldingsUnited States$339.7$339.7
Government Pension Investment Fund (GPIF)Japan$111.8$111.8
HSBCUnited Kingdom$193.7$193.7
Industrial and Commercial Bank of ChinaChina$134.5$134.5
InvescoUnited States$107.6$107.6
Japan Mutual Aid Association of Public School TeachersJapan$178.7$178.7
JPMorgan ChaseUnited States$59.2$59.2
Legal & GeneralUnited Kingdom$121.1$121.1
Madison InvestmentsUnited States$89.3$89.3
MetLifeUnited States$47.5$47.5
Mirae Asset Financial GroupSouth Korea$99.5$99.5
Mitsubishi UFJ FinancialJapan$193.7$193.7
Modern Woodmen of AmericaUnited States$10.0$10.0
Morgan StanleyUnited States$193.7$193.7
NatWestUnited Kingdom$59.2$59.2
Ninety OneSouth Africa$340.9$340.9
Northern TrustUnited States$59.2$113.2$172.5
OneAmerica Asset ManagementUnited States$36.0$36.0
PNC Financial ServicesUnited States$393.7$393.7
Power Financial CorporationCanada$119.4$119.4
Primecap ManagementUnited States$907.9$907.9
Principal Financial GroupUnited States$37.8$37.8
Prudential Financial (US)United States$2.8$2.8
Ruane, Cunniff & GoldfarbUnited States$400.4$400.4
ScotiabankCanada$193.7$193.7
SecurianUnited States$13.5$13.5
Select Equity PartnersUnited States$801.4$801.4
Southern Farm Bureau Life InsuranceUnited States$4.0$4.0
State FarmUnited States$71.0$71.0
State StreetUnited States$12.1$1,132.0$1,144.1
Sumitomo Mitsui TrustJapan$113.5$113.5
T. Rowe PriceUnited States$155.4$155.4
TCW GroupUnited States$2.8$2.8
Toronto-Dominion BankCanada$193.7$193.7
TravelersUnited States$15.0$15.0
Truist FinancialUnited States$59.2$59.2
UBSSwitzerland$2.8$2.8
US BancorpUnited States$193.7$193.7
VanguardUnited States$1,929.2$1,929.2
Wells FargoUnited States$743.8$743.8
White Mountains InsuranceBermuda$27.9$27.9
Grand total$438.6$4,337.4$11,027.8$15,803.9
2021 Investments

2021

39 Financial institutions made $4,778 million available in the research period January 2019- January 2021.

All forms of financing meeting the definition of substantive financial relationships are included in the report. This comprises financial institutions participating in loans and underwriting deals since 1 January 2019, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2020. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

2020 Investments

2020

40 Financial institutions made $7,616 million available in the research period January 2018-2020.

This comprises financial institutions participating in loans and underwriting deals since 1 January 2018, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2019. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

2019 Investments

2019

62 Financial institutions made $15,394 million available in the research period January 2017-2019.

This comprises financial institutions participating in loans and underwriting deals since 1 January 2017, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2018. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

Last updated: 2023-07-06 14:47:56

Notes

 

  1. ‘Jacobs 2022 Factsheet’, Jacobs Engineering (2022). Available at: https://www.jacobs.com/sites/default/files/2022-09/Jacobs_Company_Factsheet2022.pdf.
  2. Jacobs Completes CH2M Acquisition, Creating $15 Billion Professional Services Leader Focused on Delivering Innovative Solutions for a More Connected, Sustainable World. Jacobs, 18 December 2017. Available at: Investor Relations | Jacobs – Jacobs Completes CH2M Acquisition, Creating $15 Billion Professional Services Leader Focused on Delivering Innovative Solutions for a More Connected, Sustainable World.
  3. ‘2021 Integrated Annual Report. Boldly moving forward’, Jacobs (2022), p.1. Available at: https://s29.q4cdn.com/159670324/files/doc_financials/2021/ar/2021_Integrated_Annual_Report.pdf.
  4. Amy F. Woolf and James D. Werner (2021) ‘The U.S. Nuclear Weapons Complex: Overview of Department of Energy Sites’, Congressional Research Service, pp. 16-18. Available at: https://crsreports.congress.gov/product/pdf/R/R45306 
  5. NNSA Awards Nevada National Security Site Management & Operating Contract to Mission Support and Test Services, LLC. Energy.gov. Available at: https://www.energy.gov/nnsa/articles/nnsa-awards-nevada-national-security-site-management-operating-0 (Accessed: 5 October 2022). 
  6. CONTRACT to MISSION SUPPORT AND TEST SERVICES LLC. | USAspending, 1 August 2017. Available at: CONTRACT to MISSION SUPPORT AND TEST SERVICES LLC | USAspending (Accessed: 5 October 2022).