$4.6B maximum contract value includes five-year base contract and three
award-term years
DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) has been awarded the Integrated
Research & Development for Enterprise Solutions (IRES) follow-on
contract for the Missile Defense Agency, a research, development and
acquisition agency within the Department of Defense. Jacobs will provide
integrated solutions to support concurrent test, training and operations
within the Missile Defense Integration and Operations Center (MDIOC)
mission platform and the execution of the Missile Defense Agency’s
enterprise communications and information technology environment. The
maximum value of this indefinite delivery, indefinite quantity contract
is $4.6 billion over the duration of the five-year base contract
and three award- term years. The primary work sites are located in
Alabama, Colorado, and Virginia.
“The IRES contract is a major win for Jacobs and represents an
opportunity for us to assist the Missile Defense Agency in their very
important mission,” said Ward Johnson, Jacobs Senior Vice President,
Advanced Engineering and Research Operations. “Jacobs will leverage its
diverse experience as an enterprise solutions provider for mission
critical operations across the Department of Defense, NASA and the
Intelligence Community to ensure the Missile Defense Agency mission is
effectively executed. We look forward to strengthening our relationship
with the Missile Defense Agency and helping achieve their objectives in
development, testing and fielding the United States' ballistic missile
defense system to meet the challenges of tomorrow.”
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 over 54,000 people and operates in more than 25
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 Form 10-K for the year
ended September 30, 2016, 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.