Jacobs Receives Contract From Hong Kong Special Administration Region
Engineering Group Inc. (NYSE:JEC) announced today that it received a
contract from the Government of the Hong Kong Special Administrative
Engineering and Development Department...
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from the Government of the Hong Kong Special Administrative Region’s Civil Engineering and Development Department (CEDD) to provide services for its Landslip Prevention and Mitigation Program. Company officials did not disclose the contract value. The CEDD’s Landslip Prevention and Mitigation Program seeks to manage landslide risks associated with both natural hillside catchments and man-made slopes. Under the terms of the contract, Jacobs is providing studies, detailed design and tender supervision for hazard mitigation works on natural terrain hillside catchments. Jacobs’ scope of work also includes stability assessment and detailed design for upgrade works on man-made slopes in the public sector and stability assessment of man-made slopes in the private sector. Jacobs Group Vice President Tom Quinn said, “Our relationship with CEDD on its landslip preventive measures program extends to almost 20 years since the inception of the program in 1995. We are pleased to continue to support CEDD with this important program seeking to contain landslip risks in Hong Kong.” 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.