PASADENA, Calif., June 8 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that its subsidiary company received a contract from the Naval Air Warfare Center Weapons Division's Combat Environment Simulation (CES) division. The CES organization is based in China Lake, Calif.
The five-year indefinite-delivery/indefinite-quantity contract has an estimated value of $241 million.
Under the contract, Jacobs will provide the CES organization and its customers with subject matter experts to analyze, develop, fabricate, install, integrate and test comprehensive Live Virtual Constructive (LVC) network-centric warfare training equipment and/or software-based systems. Work is expected to be completed in May 2015.
In making the announcement, Jacobs President and Chief Executive Officer Craig Martin said, "We are very pleased at the opportunity to continue providing our support to the CES organization in its mission to provide high technology products and services to the warfighter."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2009 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact:
SOURCE Jacobs Engineering Group Inc.