Phased to ensure minimum disruption to airport operations and the surrounding area, program benefits expected include smoother journeys, quicker connections and greater punctuality for customers.Jacobs provides professional services across M.A.G's business under its UK framework and supported M.A.G in delivering its transformational project at Stansted Airport. Jacobs has delivered asset upgrades across Manchester Airport and M.A.G's other UK airports for the past six years and continues to undertake airfield inspections across the UK asset base. Jacobs also helped deliver M.A.G's first project outside of the UK - the Escape Lounge in the United States (Minneapolis). M.A.G serves 50 million passengers per annum and handles almost half a million tons of air freight every year through its ownership and operation of the airports of London Stansted, Manchester, East Midlands and Bournemouth airports. 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 2015 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.
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was awarded a contract to provide multidisciplinary engineering and selected architectural services to Manchester Airports Group (M.A.G) to support development of the Manchester Airport Transformation Program in the United Kingdom. The Manchester Airport Transformation Program is a 10-year investment program of over $1.4 billion (£1 billion) that is expected to position the airport to play an even greater role as the UK's global gateway from the north. The phased program includes the delivery of a series of 60 enhancements, as well as significant airside and landside development. Under the terms of the contract, Jacobs is providing multidisciplinary engineering and selected architectural services for new and upgraded facilities including terminal, piers, airfield, multi-level car parks and surface access facilities. The planned expansion provides for a significant increase in Manchester Airport's capacity and allows for optimum use of its two existing parallel runways. M.A.G Chief Executive Charlie Cornish said, "Manchester Airport is thriving as a national asset, forming a key component of the UK's aviation infrastructure at a time when airport capacity in the United Kingdom is at a premium. "At Manchester, we have invested heavily in meeting the needs of our airlines, passengers and local communities, and we recognize now is the right time to deliver a transformation program that will meet the needs of all our customers and drive further economic growth for both the region and the country. "We are delighted to have Jacobs on board and look forward to working with its team to fulfill this ambitious project over the coming years." In making the announcement, Jacobs Senior Vice President Buildings and Infrastructure Bob Duff stated, "We are delighted to continue our relationship with M.A.G and support Manchester Airport with this major program to transform passenger experience, advance connectivity in the north of the UK and create an exceptional world-class airport."