Jacobs Expands Global Aviation Practice
July 06 2016 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today the
expansion of its Aviation practice in response to continued growth
in this market. The expansion includes the appointment of a Global
Aviation Business Leader, along with several additional key
hires.
Jacobs President Buildings and Infrastructure Bob Pragada said
recent research confirms the aviation industry continues to offer
solid business development opportunities, despite the prevailing
challenges of global competition and price volatility. The research
includes the Airports Council International’s (ACI) World Report
from May 2016 and the International Air Transport Association
(IATA) Airline Industry Economic Performance from December
2015.
“In addition to the research, several of our clients are seeing
steady growth in passenger and cargo revenues, and globally we’re
continuing to see improvements in profitability as a result of the
steep reduction in fuel prices and growing market demand,” he
said.
“Further, several analysts are predicting air travel and
aircraft demand will more than double in the next 20 years. By
expanding our global aviation practice, we’re ready to help our
aviation clients meet the ongoing industry challenges to realize
this potential growth.”
Key appointments in recent months have significantly enhanced
Jacobs’ Aviation industry credentials. The appointments include
Steven B. Morris, global aviation business leader; David Tomber,
aviation principal, Americas; Stephen M. Pelham, aviation
principal, Americas; and James Chilton, executive program director,
aviation UK.
“These key hires strengthen our capabilities in a variety of
areas critical for today’s leading aviation companies, including
public-private-partnerships and other funding alternatives for
owners, as well as strategic delivery options and construction
management expertise,” said Pragada. “Combined with our existing
resources and the global reach of the Jacobs network, we’re very
excited about the prospects for our Global Aviation Practice.”
Jacobs currently provides professional services to the aviation
markets in North America, Australia, Asia, Europe, UK and South
America. Services range from strategic planning and financial
consulting to planning, asset management, design, program
management and construction management. Jacobs has more than 1,100
aviation professionals worldwide, with $260 million in aviation
market revenue. The company is ranked number two in Engineering
News Record’s 2015 Top 25 Designers in Airports list.
Jacobs is one of the world’s largest and most diverse providers
of full-spectrum technical, professional and construction services
for industrial, commercial and government organizations globally.
The company employs 60,000 people and operates in more than 30
countries around the world. For more information, visit
www.jacobs.com.
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 2015 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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Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284
Jacobs Engineering (NYSE:JEC)
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