Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract to provide testing and operations support services to NASA at
Kennedy Space Center (KSC) in Florida.
The award includes a base period of one year and seven months, plus two two-year option periods and four one-year option periods. It represents a potential maximum value of $1.37 billion.
Under the terms of the contract, Jacobs is providing overall management and implementation of ground systems capabilities, flight hardware processing and launch operations at KSC. These tasks support KSC’s Ground Processing Directorate and the International Space Station, Ground Systems Development and Operations, Space Launch System, Orion Multi-Purpose Crew Vehicle, and Launch Services programs.
The Jacobs team that received the contract includes two subcontractors:
ERC Incorporated and
Aerodyne Industries, LLC.
In making the announcement, Jacobs Group Vice President Terry Hagen stated, “We are delighted to continue our support of Kennedy Space Center and to have the opportunity to partner with NASA in transitioning to the next generation of space exploration.”
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 2012 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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