Jacobs Awarded Contract Option to Provide Advisory and Assistance Services to the U.S. Air Force Eglin Air Force Base
May 07 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has been awarded a contract option period by the U.S. Air Force at
Eglin Air Force Base for its Technical and Engineering Acquisition
Support (TEAS) 6 contract.
The IDIQ contract option has a potential value of $128
million.
Jacobs’ support of the Air Force on this program dates back to
its inception in 1986. With a staff of nearly 800 personnel
headquartered at Eglin Air Force Base, Fla., Jacobs provides
technical expertise to help the Air Force develop, acquire, test,
deploy, and sustain air delivered munitions. The scope of work
includes systems engineering and integration support for virtually
all USAF air-launched weapon systems; test and training range
systems; and numerous air combat support systems.
In making the announcement, Jacobs Group Vice President Terry
Hagen stated, “We are pleased to have this opportunity to continue
our longstanding work with the Air Force at Eglin and to support
the integrated research, acquisition, and test and evaluation
necessary to deliver state-of-the-art technology for our Air
Force.”
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 2012 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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