PASADENA, Calif., Nov. 29, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE:JEC) announced today that it has received a
framework contract from Electricite de France (EDF) to provide owner engineering
services in support of gas infrastructure projects across
Europe.
Officials did not disclose the contract value, however noted
that the contract has a duration of four years.
Jacobs is providing a wide range of management, consultancy and
design services relating to project management; permitting and
administration; specifications and conceptual design; procurement;
and supervision of construction. The scope of the framework project
consists of infrastructure development for natural gas storage and
distribution, including gas pipelines, underground storage
facilities and regasification terminals.
In making the announcement, Jacobs Group Vice President
Robert Matha stated, "We are very
pleased to have been selected by EDF for this agreement and to
expand the scope of services we already provide to them in
Europe. We are committed to
supporting EDF in the development of its gas business."
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
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. 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 2011 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 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.