Jacobs Receives Contract Extension at NASA Marshall Space Flight Center
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.
Source: Jacobs Engineering Group Inc.
Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284