PASADENA, Calif., March 13, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been has been awarded its first 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.
The option year has a potential value of $137 million.
MAF is managed by the Marshall Space Flight Center and provides a unique capability for manufacturing large aerospace structures at a single location. It has played a key role in the design, assembly and manufacture of the Space Shuttle external tank and continues to support the development and manufacture of hardware for future spaceflight programs.
In making the announcement, Jacobs Group Vice President Terry Hagen stated, "We are delighted to continue our support for NASA at Michoud and to have the opportunity to contribute 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 2011 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.