Jacobs Receives Contract Extension at NASA Marshall Space Flight Center
November 03 2016 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was
awarded a contract modification to extend and increase the value of
the Engineering and Science Services and Skills Augmentation
(ESSSA) contract at NASA’s Marshall Space Flight Center in
Huntsville, Alabama.
The contract modification is for a 10-month option and has a
potential value of $246.5 million, which includes an increase of
$150 million in contract value. The option began on October 1 and
extends the period of performance through to July 2017.
The contract extension enables Jacobs to continue providing
science and engineering and technician support for flagship
programs including the Space Launch System, International Space
Station, and numerous smaller space science and technology
development projects.
In making the announcement, Jacobs Senior Vice President
Aerospace and Technology Ward Johnson said, “We are pleased to have
this opportunity to maintain our longstanding relationship with
NASA Marshall Space Flight Center. This contract modification
enables us to continue supporting its vital role in enabling space
exploration and discovery.”
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 50,000 people and operates in more than 30
countries around the world. Its Aerospace and Technology line of
business provides enterprise solutions to government and commercial
aerospace clients. 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
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