Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been awarded a Water and Environmental Management (WEM) framework contract from England’s Environment Agency, a public body of the Secretary of State for Environment, Food and Rural Affairs.
Officials did not disclose the contract value, but noted that the framework contract duration is four years with an option to extend for an additional two years, and supports the delivery of an estimated $5 billion of flood and coastal risk management investment throughout England.
Under the terms of the contract, Jacobs is eligible to work on projects ranging from strategic flood modeling, mapping and data management; to engineering consultancy services including environmental assessment, optioneering, economic appraisal and design.
In making the announcement, Jacobs Group Vice President Bob Duff stated, “We are pleased to continue our long standing relationship with the Environment Agency and support them in meeting the challenging outcome measure and efficiency targets they have set themselves going forward.”Jacobs has worked with the Agency’s flood and coastal risk management program for more than 10 years, implementing flood alleviation schemes to protect commercial and residential properties. 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.