Aug 02, 2011, 07:45 ET
PASADENA, Calif., Aug. 2, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded a contract from the U.S. Army TACOM Life Cycle Management Command in Warren, Mich. to support the Program Manager (PM) Heavy Brigade Combat Team (HBCT) with production, product assurance and engineering services for all PM HBCT platform vehicles.
Officials estimate the one-year contract at $3.7 million, with the potential for a total of $11.6 million over three years.
Jacobs is providing evaluation of test and evaluation master plans, program schedules, vehicle testing support, production planning and scheduling, manufacturing process planning, system engineering plans, trade-off studies and engineering analysis, design, performance measurement, in addition to other support services required per Army regulations for proper execution of fielded PM HBCT systems.
In making the announcement, Jacobs President and CEO Craig Martin stated, "This contract provides an excellent opportunity to build upon our longstanding relationship with the U.S. Army. We are pleased to provide our expertise and support to its mission critical vehicle systems."
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.
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