DALLAS, March 4, 2020 /PRNewswire/ -- Jacobs (NYSE: J) has been selected by the U.S. Army Corps of Engineers to provide architecture and engineering design for the Korea Air Operations and Intelligence Center (KAOIC), one of the largest projects that is currently part of the U.S. Military Construction and Host Nation Funding Program.
The KAOIC will oversee air operations and distributed common ground station weapon systems supporting the U.S. Forces Korea and the U.S. and Korea Combined Forces Command in defense of the Korean peninsula. The approximate 1 million-gross-square-foot facility incorporates protective threat-based design, which will include multiple secure as well as non-secure work areas, and redundant systems. U.S. Army Corps of Engineers estimates construction cost for this secure facility to be approximately $605 million.
"The new KAOIC modernizes command, control, communications, computers, combat systems, intelligence, surveillance, reconnaissance (5CISR) and distributed common ground station functions currently at Osan Air Base in South Korea," said Jacobs President and COO Bob Pragada. "In addition to expanding our global secure buildings portfolio, this win also strengthens our position supporting the U.S. Defense and Intelligence programs in the Asia Pacific region."
"The Republic of Korea-U.S. Alliance is ironclad, and our Airpower capabilities have had a long history of deterring aggression on the Korean Peninsula," said Lt. Gen Ken Wilsbach, 7th Air Force commander. "This project demonstrates an everlasting commitment to preserving the terms of Armistice, promoting democracy, and providing security to the Republic of Korea and Northeast Asia."
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Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. 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 additional factors that may occur that could cause actual results to differ from our forward-looking statements see our Annual Report on Form 10-K for the year ended September 27, 2019, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, as well as the Company's other filings with the Securities and Exchange Commission. The Company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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