Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received from NASA (National Aeronautics and Space Administration) the follow-on contract to provide aerospace testing and facilities operations and maintenance at Ames Research Center in Moffett Field, Calif.
The contract has a potential value of approximately $200 million with a two-year basic period of performance and three one-year award options. Its effective date is July 1, 2009.
In making the announcement, Jacobs President and CEO Craig Martin stated, “We are pleased to continue our longstanding relationship with NASA and our support for Ames’ world-class aerodynamic and aerothermal test capabilities that are vital to current and next-generation aerospace programs.”
In this project, Jacobs serves as the prime contractor, and has teamed with two subcontractors: Sierra Lobo Inc. and Qualis Corporation.
The team will provide support for aerospace testing, and facilities maintenance and operations, including project development, operation of support facilities, and maintenance of aerospace facilities at Ames.
With this win, Jacobs continues their partnership with NASA that currently includes support to Ames Research Center, Glenn Research Center, Johnson Space Center, Kennedy Space Center, Langley Research Center, Marshall Space Flight Center, Stennis Space Center, and White Sands Test Facility.
Jacobs’ work history at Ames Research Center dates back to 1966 when Jacobs began operating the center’s 12-foot wind tunnel. Under a separate joint venture, Jacobs recently reactivated and currently operates NASA Ames’ National Full-Scale Aerodynamic Complex, the world’s largest wind tunnel.
Jacobs, with annual revenues exceeding $12 billion, is one of the world’s largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2008 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
