Jacobs and AECOM joint venture appointed to Iarnród Éireann's (Irish Rail's) new consultancy framework

Impact · against what's priced in

The appointment to the Irish Rail framework is not a catalyst for either company. For Jacobs, it is a routine win consistent with already priced-in steady infrastructure revenue; for AECOM, it is too small to offset the severe cash flow and earnings collapse currently baked into the price.

J+0.00

Already priced in

The price assumes

ongoing active shareholder returns and steady infrastructure consulting revenue