PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today the expansion of
its Aviation practice in response to continued growth in this market.
The expansion includes the appointment of a Global Aviation Business
Leader, along with several additional key hires.
Jacobs President Buildings and Infrastructure Bob Pragada said recent
research confirms the aviation industry continues to offer solid
business development opportunities, despite the prevailing challenges of
global competition and price volatility. The research includes the
Airports Council International’s (ACI) World
Report from May 2016 and the International Air Transport Association
(IATA) Airline
Industry Economic Performance from December 2015.
“In addition to the research, several of our clients are seeing steady
growth in passenger and cargo revenues, and globally we’re continuing to
see improvements in profitability as a result of the steep reduction in
fuel prices and growing market demand,” he said.
“Further, several analysts are predicting air travel and aircraft demand
will more than double in the next 20 years. By expanding our global
aviation practice, we’re ready to help our aviation clients meet the
ongoing industry challenges to realize this potential growth.”
Key appointments in recent months have significantly enhanced Jacobs’
Aviation industry credentials. The appointments include Steven B.
Morris, global aviation business leader; David Tomber, aviation
principal, Americas; Stephen M. Pelham, aviation principal, Americas;
and James Chilton, executive program director, aviation UK.
“These key hires strengthen our capabilities in a variety of areas
critical for today’s leading aviation companies, including
public-private-partnerships and other funding alternatives for owners,
as well as strategic delivery options and construction management
expertise,” said Pragada. “Combined with our existing resources and the
global reach of the Jacobs network, we’re very excited about the
prospects for our Global Aviation Practice.”
Jacobs currently provides professional services to the aviation markets
in North America, Australia, Asia, Europe, UK and South America.
Services range from strategic planning and financial consulting to
planning, asset management, design, program management and construction
management. Jacobs has more than 1,100 aviation professionals worldwide,
with $260 million in aviation market revenue. The company is ranked
number two in Engineering News Record’s 2015 Top 25 Designers in
Airports list.
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs 60,000 people and operates in more than 30 countries
around the world. For more information, visit www.jacobs.com.
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 2015 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.