Jacobs Receives Systems Engineering and Technical Assistance Contract from U.S. Army
PASADENA, Calif., April 3, 2012 /PRNewswire/ — Jacobs Engineering Group Inc. (NYSE: JEC) announced today it has been selected to provide systems engineering and technical assistance (SETA) support for the U.S. Army’s Program Executive Office (PEO) Soldier.
The contract has one base year and two one-year options with a potential value of $157 million.
Under the terms of the contract, Jacobs is providing support for the PEO and Soldier programs within Program Manager (PM) Soldier Sensors and Lasers (SSL), PM Soldier Warrior (SWAR) and PM Soldier Protection and Individual Equipment (SPIE).
In making the announcement, Jacobs Group Vice President Robert Norfleet stated, “This contract provides an excellent opportunity to build upon our longstanding relationship with the Army. We are proud to provide assistance in ensuring effective mission support for the PEO and our Soldiers.”
PEO Soldier develops, acquires, fields and sustains affordable, integrated, state of the art equipment to improve Soldier dominance in Army operations today and in the future.
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.