PASADENA, Calif., April 3, 2012 /PRNewswire/ -- Jacobs
Engineering Group Inc. (NYSE: JEC) announced today it has been
selected to provide systems engineering and technical assistance
(SETA) support for the U.S. Army's Program Executive Office (PEO)
Soldier.
The contract has one base year and two one-year options with a
potential value of $157 million.
Under the terms of the contract, Jacobs is providing support for
the PEO and Soldier programs within Program Manager (PM) Soldier
Sensors and Lasers (SSL), PM Soldier Warrior (SWAR) and PM Soldier
Protection and Individual Equipment (SPIE).
In making the announcement, Jacobs Group Vice President
Robert Norfleet stated, "This
contract provides an excellent opportunity to build upon our
longstanding relationship with the Army. We are proud to provide
assistance in ensuring effective mission support for the PEO and
our Soldiers."
PEO Soldier develops, acquires, fields and sustains affordable,
integrated, state of the art equipment to improve Soldier dominance
in Army operations today and in the future.
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.