PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it was awarded a
modification to extend the Engineering and Science Services and Skills
Augmentation (ESSSA) contract at NASA’s Marshall Space Flight Center
(MSFC) in Huntsville, Alabama.
The contract modification is for a one-year option with a potential
value of $127.8 million. The option began October 3, 2015 and extends
through September 30, 2016.
Under the terms of the ESSSA contract, Jacobs is providing science and
engineering and technician support at MSFC. Major programs supported by
Jacobs at MSFC include the Space Launch System, International Space
Station, James Webb Space Telescope and numerous smaller space science
and technology development projects.
In making the announcement, Jacobs Aerospace and Technology President
Terence D. Hagen stated, “We are pleased to have this opportunity to
maintain our longstanding work with NASA Marshall Space Flight Center.
This contract modification enables us to continue to support its vital
role in enabling space exploration and discovery.”
Jacobs is one of the world's largest and most diverse providers of
technical professional and construction services.
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 2014 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 do not
undertake to update any forward-looking statements made herein.
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Source: Jacobs Engineering Group Inc.