Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was selected as an awardee to provide program management, engineering, and technology support services to the Department of Homeland Security (DHS) as part of the Technical, Acquisition and Business Support Services (TABSS) contract.
TABSS is a five-year multiple-award Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract with an $11 billion funding limit that covers a comprehensive range of support services in the areas of program management, business services, and acquisition support. The TABSS contract is comprised of three service area domains, and Jacobs has been selected to provide services in Domain 1. The scope of work included in Domain 1 involves planning and administering programs and projects as well as design, development, and other activities for assets, processes, and systems improved by or related to engineering and technology. The United States Coast Guard (USCG) is the executive agent for task orders issued against the DHS enterprise-wide TABSS contract.
In making the announcement, Jacobs Group Vice President Robert Norfleet stated, “We are delighted to have this opportunity to further our partnership with the DHS and the USCG and to continue our support of their worldwide national security mission.”
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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV