DALLAS, Nov. 6, 2018 /PRNewswire/ -- Jacobs
Engineering Group Inc. (NYSE:JEC) was awarded an extension to the
Test and Operations Support Contract (TOSC) at NASA's Kennedy Space Center in Cape Canaveral, Florida. The contract
extension is a one-year option with a contract value of
$137.5 million. NASA estimates
the total value of the contract at $818
million, which begins in October
2018 and extends the period of performance through
September 2019.
"As NASA's largest services provider, we continue our solid
relationship with Kennedy Space
Center in delivering full lifecycle aerospace capabilities,"
said Jacobs Aerospace, Technology, Environmental and Nuclear Senior
Vice President Steve Arnette. "This
extension allows us to continue enabling America's space program
during this exciting time of advanced innovation and exploration
and to provide advanced R&D, scientific and technical solutions
for a more connected and sustainable world."
Under this contract extension, Jacobs will continue providing
comprehensive tailored solutions with the overall management and
implementation of key ground system, payload processing and launch
system capabilities. Project work encompasses launch vehicle,
spacecraft and payload integration and processing; operations and
development of associated processes and ground systems to support
integration, processing and launch activities; servicing and
testing of flight hardware; and launch and control of development
and operational flights at Kennedy Space
Center.
Jacobs is a provider and integrator of full lifecycle aerospace
capability including design and construction; base, mission and
launch operations; sustaining capital maintenance; and secure and
intelligent asset management, development, modification, and
testing processes for fixed assets supporting national government,
military, defense and NASA, as well as commercial space
companies.
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.