PASADENA, Calif., Sept. 13, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from the U.S. Special Operations Command (USSOCOM) to provide information technology service management. This award is part of the Special Operations Forces Information Technology Enterprise Contracts (SITEC) delivery framework.
The contract value is estimated at $125 million and has a base term of two years with four one-year incentive terms for a maximum performance period of six years.
Under the contract, Jacobs is providing services for developing, documenting, structuring, implementing, coordinating and monitoring delivery of USSOCOM's IT service management processes, procedures and performance, including continuous improvement of all of USSOCOM's IT service areas. This includes support to USSOCOM in coordinating, integrating and synchronizing the services from IT service area providers. Jacobs is also expected to operate and manage an integrated, enterprise-wide service desk.
In making the announcement, Jacobs President and CEO Craig Martin stated, "This contract supports USSOCOM in achieving greater efficiency and a more reliable and cohesive IT environment across its global operations. We are pleased to have the opportunity to build upon our long-term relationship with USSOCOM by supporting its critical IT requirements."
The Jacobs team supporting the ITSM contract includes four major subcontractors: Integrated Solutions Management, Inc. (ISM); Atlantic Digital, Inc. (ADI); HX5, LLC; and Technical Solutions and Maintenance, Inc. (TSM).
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.