Jacobs Awarded Contract Option to Provide Advisory and Assistance Services to the U.S. Air Force Eglin Air Force Base
PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYS: JEC) announced today that it has been awarded a contract option period by the U.S. Air Force at Eglin Air Force Base for its Technical and Engineering Acquisition Support (TEAS) 6 contract.
The IDIQ contract option has a potential value of $128 million.
Jacobs' support of the Air Force on this program dates back to its inception in 1986. With a staff of nearly 800 personnel headquartered at Eglin Air Force Base, Fla., Jacobs provides technical expertise to help the Air Force develop, acquire, test, deploy, and sustain air delivered munitions. The scope of work includes systems engineering and integration support for virtually all USAF air-launched weapon systems; test and training range systems; and numerous air combat support systems.
In making the announcement, Jacobs Group Vice President Terry Hagen stated, "We are pleased to have this opportunity to continue our longstanding work with the Air Force at Eglin and to support the integrated research, acquisition, and test and evaluation necessary to deliver state-of-the-art technology for our Air Force."
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 Florida
The article Jacobs Awarded Contract Option to Provide Advisory and Assistance Services to the U.S. Air Force Eglin Air Force Base originally appeared on Fool.com.
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