Jacobs Engineering Group Inc. (NYSE:JEC – News) announced today that a subsidiary company received a contract to provide test facilities operations, maintenance, and engineering services to NASA’s Glenn Research Center (GRC) in Cleveland, Ohio.
As a major subcontractor to Sierra Lobo, Inc., Jacobs’ portion of the overall contract is potentially $84 million. This includes a 3-year core term, effective March 1, 2005, and a 2-year option term, and 5 award term periods.
This agreement consolidates portions of four existing contracts into a single integrated contract to provide core support to GRC’s projects and programs. The Sierra Lobo team will provide services such as planning, preparing, and conducting tests; operating, maintaining, and repairing research facilities; and other administrative support services. GRC facilities covered by this contract include wind tunnels, engine altitude chambers, engine component facilities, space simulation chambers, zero gravity facilities, instrumentation R&D laboratories, materials and structures R&D laboratories, clean rooms, and rocket test facilities located at GRC and its Plum Brook Station in Sandusky, Ohio.
In making this announcement, Jacobs President Craig Martin stated, “We are proud to continue our relationship with NASA as part of the Sierra Lobo team and we appreciate the opportunity to contribute to continuing excellence in support of our nation’s space program.”
Jacobs, with over 35,000 employees and revenues approaching $5.0 billion, provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgement as to what may occur in the future. However, Jacobs’ actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Forward-Looking Statements” included in Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in the Company’s 2004 Annual Report on Form 10-K.
