Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its joint venture with Architects Hawaii Ltd. was recently awarded an indefinite delivery, indefinite quantity contract by the Naval Facilities Engineering Command (NAVFAC) Pacific to provide architecture-engineering services.
The maximum order limit is $10 million. The contract duration is one base year with four one-year option periods.
Under the terms of the contract, Jacobs and Architects Hawaii are providing design, engineering, specification writing, cost estimating, and related services for NAVFAC Pacific projects at various locations.
In making the announcement, Jacobs Group Vice President Tom McDuffie stated, “We are pleased to receive this contract award and are honored to be providing our services in support of the Navy’s facilities needs in the Pacific.”NAVFAC Pacific provides engineering and acquisition expertise to the U.S. Pacific Fleet by serving as the Navy's facilities, installation, and contingency engineers in the Pacific area of responsibility. Architects Hawaii (AHL) is a multi-disciplinary architectural firm with Hawaii Pacific and international experience in architecture, planning, interior, and sustainable design. 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.