DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it was awarded a
contract modification to extend and increase the value of the
Engineering and Science Services and Skills Augmentation (ESSSA)
contract at NASA’s Marshall Space Flight Center in Huntsville, Alabama.
The contract modification is for a 10-month option and has a potential
value of $246.5 million, which includes an increase of $150 million in
contract value. The option began on October 1 and extends the period of
performance through to July 2017.
The contract extension enables Jacobs to continue providing science and
engineering and technician support for flagship programs including the
Space Launch System, International Space Station, and numerous smaller
space science and technology development projects.
In making the announcement, Jacobs Senior Vice President Aerospace and
Technology Ward Johnson said, “We are pleased to have this opportunity
to maintain our longstanding relationship with NASA Marshall Space
Flight Center. This contract modification enables us to continue
supporting its vital role in enabling space exploration and discovery.”
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 50,000 people and operates in more than 30 countries
around the world. Its Aerospace and Technology line of business provides
enterprise solutions to government and commercial aerospace clients. 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.