From: Jacobs Engineering Group Inc.
Posted: Wednesday, April 11, 2018
Jacobs Engineering Group Inc. (NYSE: JEC) was awarded a contract extension to the JSC Engineering, Technology and Science (JETS) Contract at NASA's Johnson Space Center in Houston.
The contract extension is a two-year option with a potential value of $437.5 million, bringing the total value of the contract to $1.46 billion. The option begins this May and extends the period of performance through April 2020.
Under this contract extension Jacobs will continue providing science and engineering services, digital solutions, and operations support and products to major NASA programs, including the International Space Station, Orion and numerous space science and technology development projects. The contract also provides for curation and research on astro materials brought to earth from the moon, other planets and interstellar space.
"We welcome this opportunity to build upon our longstanding relationship with NASA Johnson Space Center," said Jacobs Advanced Engineering, Research and Operations Senior Vice President Dr. Steve Arnette. "This contract extension enables us to continue supporting a vital role in enabling space exploration and discovery."
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2017 revenue when combined with full-year CH2M revenues and a talent force of more than 74,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our Form 10-K for the year ended September 29, 2017, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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