DALLAS, Oct. 17, 2018 /PRNewswire/ -- Jacobs
Engineering Group Inc. (NYSE:JEC) has secured more than
$250M in new contracts across its
wireless and wireline telecommunications customer base over the
last three quarters, signaling increasing capital spend by major
U.S. carriers and private network providers in the race to deploy
5G networks.
Under the terms of these contract awards, Jacobs will perform
radio-frequency design, engineering, site acquisition,
construction, network integration and optimization services for a
broad range of network architectures – LTE, Consolidated Radio
Access Networks (CRAN), First Responder Networks (FirstNet),
Internet of Things (IoT), fiber backhaul, in-building distributed
antenna systems and smart cities.
"Over the past several years, our business has evolved from
being a single service provider to a turnkey solutions provider for
our telecommunications clients, and we are seeing positive
results," said Jacobs Aerospace, Technology, Environmental and
Nuclear Senior Vice President Steve
Arnette. "The execution models required to deliver the
quality, scale and speed-to-market our customers need in the race
to 5G are transforming daily, and we are well positioned to meet
their requirements."
The new network will require more sites and in-building
solutions for the type of coverage consumers have come to expect.
Because of this, an increase in capex spending across the industry
is expected from new site construction through network connectivity
– primarily in the fiber optic network expansion.
Jacobs is uniquely situated within the industry to contribute to
the 5G development. Its broad spectrum of services and abilities,
coupled with the company's demonstrated performance as a leader in
the telecommunications industry, is essential to its Jacobs
Connected Enterprise suite of capabilities that serve to connect,
protect and analyze operational systems and data of customer
networks.
Jacobs leads the global professional services sector delivering
solutions for a more connected, sustainable world. With
$15 billion in fiscal 2017 revenue
when combined with full-year CH2M revenues and a talent force of
more than 77,000, Jacobs provides a full spectrum of services
including scientific, technical, professional and construction- and
program-management for business, industrial, commercial, government
and infrastructure sectors. For more information, visit
www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter,
Facebook and Instagram.
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 Form 10-K for the year ended September 29, 2017, 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.
For press/media inquiries:
Kerrie Sparks
214.583.8433
Brian Morandi
720.286.0719
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SOURCE Jacobs Engineering Group Inc.