PASADENA, Calif., April 5, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded a major contract by Saudi Aramco for general engineering and project management services (GES+).
Officials did not disclose the contract value; however, they noted that the work is expected to be executed by its office in al-Khobar, Saudi Arabia. The duration of the GES+ contract is five years and covers all engineering, procurement and construction management services for Saudi Aramco's Capital Program.
Saudi Aramco is offering the GES+ contract to only a select number of companies for the execution of its general engineering and project management services needs. Under the contract award, Jacobs is providing a variety of design and related services, as well as the full range of project management services.
In making the announcement, Jacobs Group Vice President Mike Coyle stated, "Jacobs is delighted to have the opportunity to build upon our longstanding relationship with Saudi Aramco as one of its preferred providers on such a significant program. When fully developed, the GES+ program not only increases our opportunities, but also enhances the stature of Saudi Arabian engineering and construction throughout the world."
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.