PASADENA, Calif., March 29, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a follow-on contract to provide research operations and support services (ROSS) for the U.S. Air Force Research Laboratory (AFRL) at Edwards Air Force Base (AFB), Calif.
The contract has a potential value of approximately $87 million with a three-year basic period of performance and one two-year award option. Its effective date is April 1, 2011.
As the incumbent contractor with more than 15 years experience on-site, Jacobs' staff of propulsion and support professionals provide research operations support to the AFRL, including planning, scheduling, management and evaluation of liquid, solid, hybrid, electronic and chemical propulsion system tests. Jacobs' experts utilize cutting-edge technology in the design, modification, operations and maintenance of rocket/laboratory facilities.
Jacobs' support to the AFRL-Edwards dates back to the 1960s when Jacobs' personnel began coordinating rocket test programs for the U.S. Air Force (USAF). With this win, Jacobs continues its more than 70-year relationship with the USAF by serving as one of the AFRL's premier providers for advanced engineering and technical support at AFRL headquarters and 10 directorates spread across 26 locations.
In making the announcement, Jacobs President and Chief Executive Officer Craig Martin stated, "We are proud to continue our long-standing relationship with the AFRL and are pleased to continue supporting its mission of leading the discovery, development and integration of affordable technologies for America's aerospace forces."
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.
For additional information contact: Michelle Jones 626.578.6968
SOURCE Jacobs Engineering Group Inc.