Jacobs Awarded Contract Option at NASA Kennedy Space Center
October 07 2014 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has been awarded a modification to extend the Test and Operations
Support Contract (TOSC) at NASA Kennedy Space Center (KSC) in
Florida.
The cost-plus-award-fee option for the baseline work extends the
contract for a period of two years and is valued at $172.8 million.
The contract’s indefinite-delivery indefinite-quantity ordering
provision, with a maximum order limit of $500 million for the life
of the contract, was also extended for a concurrent two-year
period.
Under the terms of the TOSC contract, Jacobs provides ground
processing for launch vehicles, spacecraft, and payloads in support
of emerging programs, commercial entities, and other government
agencies at KSC. Services include advanced planning and studies;
development of ground systems; operational support for the design
and development of flight hardware and ground systems; spacecraft,
payload and launch vehicle servicing and processing; ground systems
services; and logistics.
In making the announcement, Jacobs Group Vice President Ward
Johnson stated, “We are pleased to support NASA at Kennedy Space
Center and to continue our long-time partnership with NASA as they
begin a new generation of space exploration.”
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
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