PASADENA, Calif., Jan. 31, 2012 /PRNewswire/ -- Jacobs
Engineering Group Inc. (NYSE: JEC) announced today that it received
a design and engineering support program (DESP) III prime contract
from the Air Force Materiel Command (AFMC) Contracting
Directorate.
Officials estimate the potential value of this multiple-award
indefinite delivery/indefinite quantity (IDIQ) contract to be
$1.9 billion over the seven-year
period of performance.
Under the DESP III contract, Jacobs is providing engineering
services to support AFMC weapon systems, components and support
equipment. Since 2005, Jacobs has provided program management,
systems and specialty engineering, logistics support and research
and development as a prime contractor on the predecessor DESP II
contract.
In making the announcement, Jacobs President and CEO
Craig Martin stated, "We have a
longstanding relationship with our Air Force customers, and we are
excited to have this opportunity to build on our ongoing support
and contribute to the success of the AFMC mission."
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.
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For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.