DALLAS, Oct. 12, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was
awarded an extension to its Project Management Resources (PMR)
contract with EDF Nuclear Generation, operator of the U.K.'s
nuclear power plants. The Jacobs team will continue to support the
stations, which account for about 17% of the country's electricity
output.
This involves supporting the seven advanced gas-cooled reactor
(AGR) stations, including the transition from generation to
defueling, and the long-term operation program for the Sizewell B
pressurized water reactor. EDF estimates the April 2022 – March
2024 extension at more than $44
million (£32.5 million).
Now in its seventh year, the PMR contract supports work for more
than 150 project management specialists. Jacobs is now
recruiting for locations across the U.K. and welcomes those
with diverse, non-nuclear experience.
"The agreement to extend was made ten months in advance,
reflecting EDF's confidence in Jacobs and our record of successful
delivery," said Jacobs Energy, Security and Technology Senior Vice
President Karen Wiemelt. "We will
assist EDF to maximize generation from these vital national assets
for the remainder of their operating lives and to transition
smoothly toward defueling and decommissioning."
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
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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,
including the emergence and spread of variants of COVID-19, 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 July 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