Jacobs Awarded Contract Extension at NASA Ames Research Center

DALLAS, March 21, 2019 /PRNewswire/ -- Jacobs (NYSE:JEC) was awarded an extension to the Aerospace Testing and Facility Operation and Maintenance IV (ATOM) contract at NASA's Ames Research Center in Mountain View, California.

The contract extension is a one-year option, and NASA estimates this brings the total value of the contract to $178 million and extends the period of performance through February 2020.

"As NASA's largest services provider, we welcome the opportunity to continue our 20+ year relationship with Ames Research Center," said Jacobs Aerospace, Technology and Nuclear Senior Vice President Steve Arnette. "This extension allows us to continue enabling America's aeronautics, science and space technology programs during this exciting time of advanced innovation and to provide advanced R&D, scientific and technical solutions for a more connected and sustainable world."

Under this contract extension, Jacobs will continue providing aerospace testing and facility operations and services in support of NASA Ames Research Center's arc jets, wind tunnels, hypersonic facilities and ballistics complexes. The work encompasses operation, maintenance, repair and management of Ames test facilities; planning, preparation, scheduling and execution of aeronautics and space technology tests; and design, implementation and checkout of advanced development projects. These tasks will support the Aeronautics Research Mission directorate, the Space Launch System and the Orion Multi-Purpose Crew Vehicle, including support to commercial entities and other government agencies.

Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2018 revenue and a talent force of more than 80,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.

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 28, 2018, 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