PASADENA, Calif., Sept. 20, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received approval to execute contract modifications for final design of passenger terminal "A" and continue to provide design and design management services to Dallas/Fort Worth International Airport.
The estimated value of the contract modifications total $13.7 million resulting in $52.4 million for design and design management services through the first of three one-year option extensions.
The multiple year contract includes professional architecture and engineering services in support of DFW International Airport's $1.9 billion terminal renewal and improvement program to re-life its existing passenger terminals, construct a light rail station and rebuild its parking control system plazas. The program is scheduled for completion in 2017.
In making the announcement, Group Vice President Kevin J. McMahon said, "Jacobs is delighted to build upon our 35-year client relationship with Dallas/Fort Worth International Airport to support its optimization of passengers' experience and sustained operational excellence."
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 2010 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.
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SOURCE Jacobs Engineering Group Inc.