Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been awarded a third option year for its Facility Operations Service Contract (FOSC) at NASA’s Stennis Space Center (SSC) in Hancock County, Miss.
The option year award term is valued at $51.8 million. It is the third of seven award term periods following the three-year base period of the contract.
Under the terms of the contract, Jacobs supports NASA and SSC missions in the areas of administration, facility engineering, food, mail, fire protection, custodial, multimedia, public affairs and education. In addition, Jacobs provides facility maintenance and operations; safety, quality and environmental assurance; medical and occupational health; and logistics and transportation services.
In making the announcement, Jacobs Group Vice President Terry Hagen stated, "We are pleased to continue our work at Stennis Space Center, providing critical base operations and institutional services in support of earth science research and space exploration."SSC is NASA’s largest rocket propulsion testing ground, serving NASA, the Department of Defense, and the private sector. Originally built to test the Saturn V engine that put America on the moon, today it remains a premier site for testing rocket engines for future spaceflight programs. 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 2011 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.