Press Release
Feb 27, 2018
DALLAS--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced that its work with NASA Langley Research Center has been chosen by ReliabilityWeb® to receive the 2017 Best Reliability Program of the Year Award by UPTIME Magazine.
When NASA sought to develop reliability-enhancing maintenance strategies for Langley Research Center, they partnered with Jacobs who brought its Jacobs Connected Enterprise industry-leading suite of solutions, including engineering, analytics and condition-based monitoring to prevent system failures, to optimize operations and increase the life of assets at NASA Langley. The 788-acre NASA campus includes more than 270 buildings and mission-critical facilities, such as subsonic-to-hypersonic wind tunnels used in aeronautic testing.
As a result, NASA Langley realized substantially improved system reliability with the avoidance of $5.3 million in maintenance costs since implementing the Jacobs recommended approach in 2015, and has averted unplanned downtime on monitored assets for three years running.
“Jacobs has twice been named NASA’s Large Business Prime Contractor of the Year,” said Jacobs Aerospace and Technology President Terry Hagen. “We’re honored to serve and share in the recognition of a technologically complex reliability program that exceeded objectives for another mission accomplished in our longstanding partnership.”
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2017 revenue when combined with full-year CH2M revenues and a talent force of more than 74,000, 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 29, 2017, 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.
Jacobs Engineering Group Inc.
Kerrie Sparks, 214-583-8433
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Brian Morandi, 720-286-0719