SOURCE: Wall Street Equity Research

Wall Street Equity Research

January 25, 2011 08:11 ET

Professional Research on KBR Inc. and Jacobs Engineering Group Inc. -- Technical Services Sector Benefiting From Uptick in Client Spending

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 25, 2011) - allows shareholders to gain full understanding of the economic and market forces influencing the technical services industry, and offers free research on industry players KBR Inc. (NYSE: KBR) and Jacobs Engineering Group Inc. (NYSE: JEC). Register today at to receive free research reports on these companies.

Contractors in the Technical Services sector are seeing their revenues grow as the economy recovers and their client-base returns to more typical levels of capital expenditure. Companies positioned strongly in the energy and oil and gas sectors, like Jacobs Engineering Group Inc. and KBR Inc., are benefiting from soaring commodity prices as client companies look to ramp up their spending and increase output. This should help to improve backlogs hurt during the recession. Shareholders and investors can sign up today at or to download the full reports on KBR Inc. and Jacobs Engineering Group Inc. is a specialized website where investors can have complete access to free reports on technical services industry; traders looking for analyst opinions on KBR Inc., Jacobs Engineering Group Inc. and other players in the industry are welcomed to sign up for a free one year membership at

Acknowledging this increase in spending, KBR Inc. recently saw its stock price gain 2.7% as it raised its earnings outlook to $2.05 to $2.30 per share compared with the Wall Street estimate of $2.04. Visit us at to understand the catalysts and forces driving or affecting technical services stocks.

While energy and construction spending are benefiting the Technical Services sector, revenues from U.S. Department of Defense spending have been decreasing. After booking $4.8 billion in revenue from defense contracts in 2009, KBR expects only around $1.7 billion in 2011. This is due primarily to scale down operations in Iraq and efforts by the Department of Defense to reduce its budget.

On the earnings calendar, Jacobs Engineering Group Inc. will be releasing its financial report today.

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