Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was recently selected for two separate Indefinite Delivery/Indefinite Quantity (IDIQ) Contracts by the U.S. Army Corps of Engineers, Louisville District.
Under the terms of the first IDIQ contract, Jacobs is providing a variety of Architect/Engineer (A/E) services, primarily for Army Reserve projects nationwide (including Puerto Rico) and military projects within the Great Lakes and Ohio River Division mission boundaries. The scope of work may include training centers, vehicle maintenance shops, stand-alone buildings, and other structures unique to Army Reserve facilities and military installations. The five year contract’s total capacity is $9 million.
Upon award of the second IDIQ contract, Jacobs, in a Joint Venture with Stantec, is providing A/E services primarily for Army, Air Force, other military, and Civil Works projects at various locations within the Great Lakes and Ohio River Division mission boundaries. Military projects may consist of many different building types, site development, and infrastructure and utility projects for installations assigned within the Division area of operation; as well as master planning and specialized or mission-specific facilities. Civil works projects may consist of flood damage reduction studies and designs, ecosystem restoration, stream bank erosion control, navigation improvements, additions and repairs to locks and dams, geotechnical investigations, levee and floodwall evaluation and design, planning and design of waterfront facilities and other recreation facilities. The five year contract’s total capacity is $9.5 million.
In making the announcement, Jacobs Group Vice President Tom McDuffie stated, “We are pleased to be selected for both of these contract awards. We are honored to have the opportunity to continue our ongoing relationship and to provide outstanding service to support USACE Louisville.”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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