Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract to provide Center Maintenance, Operations, and Engineering (CMOE) to NASA’s Langley Research Center (LaRC) in Hampton, Va.
The CMOE contract is a hybrid contract consisting of a component for sustaining services and an Indefinite Delivery/Indefinite Quantity (IDIQ) component. The sustaining services component is Cost-Plus-Award-Fee (CPAF), and the IDIQ component is a mix of firm-fixed-price (FFP) and CPAF. The contract has a performance period, including options, of 10 years. The maximum value is approximately $742 million.
The CMOE contract, a follow-on contract to the Research Operations, Maintenance, and Engineering (ROME) contract currently being executed by Jacobs, is part of LaRC’s 20-year revitalization plan. Under the terms of the contract, Jacobs is providing research facility operations, central utilities operations, technology development/ administration, research and institutional maintenance, and facility engineering.
In making the announcement, Jacobs Group Vice President Terry Hagen stated, “Jacobs is delighted to continue our support of LaRC’s critical aerospace mission through the CMOE contract, which includes a strong focus on revitalization of the Center’s infrastructure and continued advancement of its research capabilities.”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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