Jacobs Awarded Contract Option Year for Work at NASA Michoud Assembly Facility
PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYS: JEC) announced today that it has been has been awarded a second option year by NASA for its Manufacturing Support and Facility Operations Contract (MSFOC) at the George C. Marshall Space Flight Center's Michoud Assembly Facility (MAF) in New Orleans, La.
The option year has a potential value of $138 million.
MAF is managed by the Marshall Space Flight Center and contains one of the largest production buildings in the US, providing the unique capability of manufacturing large aerospace structures at a single location. Widely known for its key role in the design, assembly, and manufacture of the Space Shuttle external tank, MAF now supports the development and manufacture of new hardware including the Space Launch System (SLS), designed to provide transportation for future American space exploration. MAF is operated under a multi-tenant business model to offset operational costs, freeing up funds to support critical space programs like the SLS.
In making the announcement, Jacobs Group Vice President Terry Hagen stated, "We look forward to continuing our work with the Michoud Assembly Facility and supporting MAF's high tech manufacturing, which is vital to the future of U.S. space exploration."
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.
Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968
KEYWORDS: United States North America California Louisiana
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