Press Release
Jun 24, 2008
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PASADENA, Calif., June 24 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that Jacobs Engineering UK Limited has received a contract to provide preliminary architectural and engineering services to the ITER Organisation, future owner/operator of the euro 10 billion International Fusion Reactor (ITER) Facility being built at Cadarache in the south of France.
The 12-month contract is worth euro 6.5 million and is the biggest contract placed so far by the ITER Organisation.
The ITER Organisation is responsible for the design, construction, and commissioning of the ITER facility. This contract is focused on developing the preliminary design of the ITER facility buildings and site infrastructure to a level sufficient to support tendering the detailed design (architectural/engineering services) later this year. Invitations for this tender will be issued by the European ITER Domestic Agency Fusion For Energy (F4E).
Jacobs will be responsible for bringing together and developing, as required, all of the relevant data and user and system requirements for the different buildings and technical groups within the ITER Organisation, and will prepare the technical attachments for the procurement arrangement documents that will be issued to F4E by the ITER Organisation.
Jacobs will deliver the work from its design centers in Glasgow in the U.K., and Paris and Pertuis in France. Its management team for the contract is co-located with the ITER Organisation management team on site at Cadarache. Jacobs is being supported in the delivery of this Contract by Assystem.
Within the ITER Organisation, the pre-architectural engineering services are managed by the Civil Construction and Site Support Office headed by Jerry Sovka and a team of dedicated experienced professionals. Our responsibilities are to ensure that the virtual computer-aided designs are translated into the real world of concrete and steel structures, with functioning buildings, mechanical and electrical systems, roads, and tunnels on the Cadarache site, that is now under preparation, noted Sovka.
In making the announcement, Jacobs Group Vice President (for UK & Ireland) Allyn Taylor added, We are delighted that Jacobs Engineering UK Limited has been awarded this contract. We see this as the start of a journey and a long-term relationship with the ITER Organisation to support them in the successful achievement of this unique international project. It is an extremely exciting project. Fusion energy has the potential to provide a global long-term, economic, low carbon source of electricity and we are privileged to have a role in such an important mission.
Jacobs, with over 55,000 employees and revenues exceeding $9.0 billion, provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2007 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact:
Michelle Jones
626.578.6968
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SOURCE Jacobs Engineering Group Inc.
06/24/2008
CONTACT: Michelle Jones of Jacobs Engineering Group Inc.,
+1-626-578-6968
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