Jacobs Awarded Contract Option Year for Work at NASA Michoud Assembly
PASADENA, Calif. -- April 9, 2013
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been has
been awarded a second option year by NASA for its Manufacturing Support and
Facility Operations Contract (MSFOC) at the George C. Marshall Space Flight
Center’s Michoud Assembly Facility (MAF) in New Orleans, La.
The option year has a potential value of $138 million.
MAF is managed by the Marshall Space Flight Center and contains one of the
largest production buildings in the US, providing the unique capability of
manufacturing large aerospace structures at a single location. Widely known
for its key role in the design, assembly, and manufacture of the Space Shuttle
external tank, MAF now supports the development and manufacture of new
hardware including the Space Launch System (SLS), designed to provide
transportation for future American space exploration. MAF is operated under a
multi-tenant business model to offset operational costs, freeing up funds to
support critical space programs like the SLS.
In making the announcement, Jacobs Group Vice President Terry Hagen stated,
“We look forward to continuing our work with the Michoud Assembly Facility and
supporting MAF’s high tech manufacturing, which is vital to the future of U.S.
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 2012
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.
Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968
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