From: Jacobs Engineering Group Inc.
Posted: Wednesday, November 21, 2018
Jacobs Engineering Group Inc. (NYSE:JEC) was awarded an extension to the Center Maintenance, Operations and Engineering contract at NASA's Langley Research Center in Hampton, Virginia.
The contract extension is a one-year option and NASA estimates a potential value of $46 million, bringing the total current value of the contract to $214 million. The option begins this October and extends the period of performance through September 2019.
"As NASA's largest services provider, we welcome this opportunity to build upon our longstanding relationship with NASA Langley Research Center," said Jacobs Aerospace, Technology, Environmental and Nuclear Senior Vice President Steve Arnette. "This contract extension enables us to continue to play a vital role in supporting NASA's initiatives in aeronautics, space technology, exploration and Earth science."
Under this contract extension, Jacobs will continue providing facility-related intelligent asset management and operations and engineering support services, including design engineering, project management, construction management, configuration management and asset management services for research facilities, wind tunnels, laboratories, test structures and specialty instrumentation.
Jacobs is a provider and integrator of full lifecycle aerospace capability including design and construction; base, mission and launch operations; sustaining capital maintenance; and secure and intelligent asset management, development, modification, and testing processes for fixed assets supporting national government, military, defense and NASA, as well as commercial space companies.
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 77,000, 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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