PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it received a
contract from the Land Systems Division within the Australian Department
of Defence’s Capability Acquisition and Sustainment Group (CASG) to
serve as managing contractor for Project LAND 155, a project that aims
to procure and sustain military off-the-shelf combat bridges. The
bridges provide land forces with the ability to cross a range of wet and
dry gaps during combat operations.
The contract reflects a new procurement model being piloted for the
first time by the Australian government. As managing contractor, Jacobs
is responsible for project management, budgeting, logistic support
analysis and management, engineering and contract management.
The contract is valued at approximately $10.7 million (AU$15 million)
over three years.
In making the announcement, Jacobs Senior Vice President Aerospace and
Technology Darren Kraabel stated, “Jacobs is proud to pilot this new
procurement model for the Australian Department of Defence, a model we
strongly encouraged the agency to consider. We have seen first-hand the
benefits of this approach through our extensive experience in
implementing similar managing contractor models for the U.S. Department
of Defense to help procure and sustain everything from aircraft and air
operations centers to individual soldier protective equipment.
“We recognize a key factor in the successful delivery of Project LAND
155 is to continually seek ways to reduce costs throughout the project
delivery lifecycle. The documented savings we have helped achieve in the
U.S. using similar procurement models is indicative of the kind of
savings we expect the model to deliver for CASG.”
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 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.