Press Release

Jacobs Receives Three-Year Extension on the Engineering and Science Contract (ESC) at NASA Johnson Space Center (JSC)

By SpaceRef Editor
October 6, 2009
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Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a three-year extension on the Engineering and Science Contract (ESC) at NASA Johnson Space Center (JSC) with an estimated value of $978 million. This brings the total contract value to approximately $2.16 billion through January 31, 2013, with an eight-year total period of performance.

For this contract, Jacobs provides services to Johnson’s Engineering Directorate and Astromaterials Research and Exploration Science office. Specific support includes engineering products and services for the International Space Station (ISS), Space Shuttle, and other spacecraft flight programs; design, development, certification, and production of hardware and software; operation and maintenance of on-site laboratories and facilities; and research and development for new technology. In addition, Jacobs is supporting the Engineering Directorate in the design and development of critical hardware for the Orion Project, including the Crew Exploration Vehicle (CEV) Parachute Assembly System (CPAS).

The Jacobs Team supporting NASA ESC includes five major subcontractors: Hamilton Sundstrand (HS); Barrios Technology, Ltd. (Barrios); MEI Technologies, Inc. (MEI); ERC Incorporated (ERC); and GeoControl Systems, Inc. (GCS).

In making this announcement, Jacobs President and CEO Craig Martin stated, “We are proud to not only continue our partnership with NASA JSC but also to help this important client ensure continuity and success on the Space Shuttle final flights, the International Space Station activities, and all Constellation Program activities. This includes the design, development, and test and evaluation of equipment for the Orion spacecraft and critical test beds supporting the development of Orion. The work this client performs is crucial toward the continued success of human spaceflight.”

This contract award continues Jacobs’ long history of support to NASA, including current contracts at six other NASA centers: Langley Research Center, Marshall Space Flight Center, Stennis Space Center, Kennedy Space Center, Glenn Research Center, and Ames Research Center.

Jacobs, with annual revenues exceeding $12 billion, is one of the world’s largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2008 Form 10-K, 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact: Michelle Jones 626.578.6968

SpaceRef staff editor.