PASADENA, Calif., Aug. 25 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a subcontract from VETCO LLC to assist in providing technical services under the Program Management, Administrative, Clerical, and Technical Services (PACTS) multiple-award procurement for the Department of Homeland Security (DHS).
The Indefinite Delivery/Indefinite Quantity contract, with a total ceiling of $1.5 billion for all thirty-four (34) PACTS contractors, consists of a two-year base and three one-year option periods.
Jacobs, as subcontractor to VETCO, will be part of the team competing for task orders for the DHS's 22 component agencies at locations worldwide.
In making the announcement, Jacobs Group Vice President Rogers Starr stated, "Jacobs is pleased to be part of the winning team and eager to contribute to this important endeavor. We look forward to continuing our support to the Department of Homeland Security."
Jacobs, with annual revenues exceeding $12 billion, is one of the world's largest and most diverse providers of technical, professional, and construction services.
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 2008 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
SOURCE Jacobs Engineering Group Inc.
Michelle Jones of Jacobs Engineering Group Inc., +1-626-578-6968