Jul. 3, 2012
PASADENA, Calif., July 3, 2012 /PR Newswire/ --
Jacobs Engineering Group Inc. (NYSE: JEC) announced today it has been awarded an indefinite delivery/indefinite quantity (IDIQ) contract to support the design and implementation of soil and groundwater cleanups at Kennedy Space Center (KSC) and Cape Canaveral Air Force Station (CCAFS) in Florida.
The contract has a five-year ordering period with a potential value of $91 million.
Under the terms of the contract, Jacobs is providing the NASA/KSC Environmental Assurance Branch with professional services to support them in meeting the contamination assessment and remediation requirements for Resource Conservation and Recovery Act (RCRA) sites and petroleum contamination for NASA on KSC and CCAFS.
In making the announcement, Jacobs Group Vice President Terry Hagen stated, 'Jacobs has actively supported NASA's environmental remediation program at KSC since 1998 through contracts with other federal agencies. We are honored to have been chosen by NASA/KSC to provide services directly to them, and we look forward to the opportunity to continue helping the Environmental Assurance Branch achieve their environmental goals in preparing KSC for the next generation of space flight.'
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 2011 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.