PASADENA, Calif., May 6 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a Scientific, Technical, Administrative, and Research, Development, and Test and Evaluation Services (STARS) Information Technology contract to provide technical and managerial support services to the Naval Air Warfare Center Weapons Division (NAWCWD) in China Lake and Point Mugu, Calif. NAWCWD is the Navy's full-spectrum research, development, test and evaluation, and in-service engineering center for weapons systems.
The contract has a potential maximum value of $197 million over a five- year period, with a potential workforce of approximately 250 personnel. Work is scheduled to begin August 1, 2008.
Jacobs' support services include the analysis, design, development, test, integration, deployment, and operations of information technology systems and services.
For more than 12 years, Jacobs has been working with NAWCWD and currently is providing support through the Engineering Support Services contract and the SeaPort Enhanced contract.
In making the announcement, Jacobs President and CEO Craig Martin said, "Providing the U.S. Navy with the resources and capabilities to assist in the design, build, test, and utilization of state-of-the-art weaponry is an endeavour that we are proud to support. We are excited to build upon our long- term relationship with the U.S. Navy through this contract and its effects."
Jacobs, with over 54,000 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:
Mary Bloom
626.578.6992
SOURCE Jacobs Engineering Inc.
Web site: http://www.jacobs.com