DALLAS, May 28, 2021 /PRNewswire/ -- Jacobs (NYSE:J)
was awarded the Idaho Cleanup Project (ICP) at the Idaho National
Laboratory (INL), as the majority partner in the Idaho
Environmental Coalition LLC (IEC), which includes members from
Jacobs and North Wind Portage Inc. Jacobs has supported the U.S.
Department of Energy's (DOE) Office of Environmental Management's
(EM) mission at ICP since 2005.
DOE estimates the contract value at $6.4
billion, to be awarded over a 10-year period.
"Jacobs welcomes the opportunity to partner with DOE to
advance the restoration of the ICP to beneficial re-use for
the INL and Idaho Falls
community," said Jacobs Critical Mission Solutions SVP, North
American Nuclear Karen Wiemelt. "Together with the DOE, Jacobs will
use our technology-driven solutions to reduce the environmental
legacy of the Cold War, support high-quality jobs in the region and
protect the Snake River Plain Aquifer, a critical element of
Idaho's agricultural
industry."
The ICP is focused on reducing risks to workers, the public and
the environment and involves the safe environmental cleanup of the
INL site, contaminated with legacy wastes generated from the
Manhattan Project, government-owned research reactors, spent
nuclear fuel reprocessing, laboratory research and defense missions
at other DOE sites.
Idaho Environmental Coalition will deliver the ICP under DOE's
End State Contracting Model. The single award indefinite
delivery/indefinite quantity contract allows DOE, IEC and project
stakeholders to collaborate to define the end states necessary to
complete work at ICP.
At Jacobs, we're challenging today to reinvent tomorrow by
solving the world's most critical problems for thriving cities,
resilient environments, mission-critical outcomes, operational
advancement, scientific discovery and cutting-edge manufacturing,
turning abstract ideas into realities that transform the world for
good. With $14 billion in revenue and
a talent force of approximately 55,000, Jacobs provides a full
spectrum of professional services including consulting, technical,
scientific and project delivery for the government and private
sector. Visit jacobs.com and connect with Jacobs on
Facebook, Instagram, LinkedIn and Twitter.
Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such statements
are intended to be covered by the safe harbor provided by the same.
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,
including, but not limited to, the impact of the COVID-19 pandemic
and the related reaction of governments on global and regional
market conditions and the company's business. For a description of
some additional factors that may occur that could cause actual
results to differ from our forward-looking statements, see our
Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the
discussions contained under Item 1 - Business; Item 1A - Risk
Factors; Item 3 - Legal Proceedings; and Item 7 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations, and our Quarterly Report on Form 10-Q for the quarter
ended April 2, 2021, and in
particular the discussions contained under Part I, Item 2 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations; Part II, Item 1 - Legal Proceedings; and
Part II, Item 1A - Risk Factors, as well as the company's other
filings with the Securities and Exchange Commission. The company is
not under any duty to update any of the forward-looking statements
after the date of this press release to conform to actual results,
except as required by applicable law.
For press/media inquiries:
Kerrie Sparks
214.583.8433
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SOURCE Jacobs