Jacobs Awarded Contract from Volpe Center to Support Federal Railroad Administration
January 28 2014 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
was awarded a contract from the Volpe National Transportation
Systems Center (Volpe Center) to provide monitoring and technical
assistance for the Federal Railroad Administration (FRA) Grant and
Loan Program.
The five-year indefinite-delivery/indefinite-quantity multiple
award task order contract has a maximum order limit of $70
million.
Under the terms of the contract, Jacobs is working with the
Volpe Center to provide support to FRA grantees and borrowers in a
variety of areas that include monitoring, technical assistance,
compliance, program management, deliverable review, and
training.
In making the announcement, Jacobs Group Vice President Kevin
McMahon stated, “We are delighted to assist the Volpe Center in
overseeing the FRA’s nationwide Grant and Loan program. Passenger
and freight rail systems are vital components of the U.S.
infrastructure, and we are pleased to support rail transportation
improvements through this important program."
The Volpe Center is a federal fee-for-service organization
within the United States Department of Transportation’s Research
and Innovative Technology Administration. The Center partners with
public and private organizations to assess the needs of the
transportation community, evaluate research and development
endeavors, assist in the deployment of state-of-the-art
transportation technologies, and inform decision- and policy-making
through comprehensive analysis.
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 2013 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.
Jacobs Engineering Group Inc.Michelle Jones, 626-578-6968
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jul 2023 to Jul 2024