Mar 7 2007
Jacobs Engineering Group Inc. announced today that they received subcontracts, under two five-year contracts, to provide program and integration support services to the U.S. Army Chemical Materials Agency. Jacobs is a major teaming subcontractor to Science Applications International Corporation (SAIC) on the contracts.
The total value of the two prime contracts is estimated at $312 million.
One contract is for program integration services including specialized program management, integration, environmental, and field office support services.
The second contract is for specialized technical, engineering, analysis, quality assurance, and training services.
In making the announcement, Jacobs President Craig Martin stated, "We are thrilled to have been chosen by SAIC and the U.S. Army Chemical Materials Agency to continue supporting the U.S. chemical demilitarization program to develop technologies that store and eliminate chemical weapons."
Jacobs, with over 45,000 employees and revenues approaching $8.0 billion, provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2006 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.