PASADENA, Calif., March 1, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE : JEC ) announced today that it received a test, evaluation and support team (TEST) contract from NASA in support of NASA's White Sands Test Facility located in Las Cruces, N.M.
The award includes a three-year base period with two one-year options and represents a potential maximum value of $500 million if all options are exercised.
Under the terms of the contract, Jacobs is providing propulsion systems testing; propellants and aerospace fluids materials and components testing; remote hazardous testing; hypervelocity impact testing; flight hardware processing; technical services; facility maintenance; and communication systems and construction management in support of future manned and unmanned space exploration and research.
The Jacobs team supporting the TEST contract includes three major subcontractors: GeoControl Systems, Inc.; MEI Technologies, Inc.; and ERC, Inc.
In making the announcement, Jacobs President and Chief Executive Officer Craig Martin stated, "We are proud to continue our longstanding relationship with NASA, supporting its mission to pioneer the future in space exploration, scientific discovery and aeronautics research."
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.