PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was awarded a modification to extend the Engineering and Science Services and Skills Augmentation (ESSSA) contract at NASA’s Marshall Space Flight Center (MSFC) in Huntsville, Alabama.
The contract modification is for a one-year option with a potential value of $127.8 million. The option began October 3, 2015 and extends through September 30, 2016.
Under the terms of the ESSSA contract, Jacobs is providing science and engineering and technician support at MSFC. Major programs supported by Jacobs at MSFC include the Space Launch System, International Space Station, James Webb Space Telescope and numerous smaller space science and technology development projects.
In making the announcement, Jacobs Aerospace and Technology President Terence D. Hagen stated, “We are pleased to have this opportunity to maintain our longstanding work with NASA Marshall Space Flight Center. This contract modification enables us to continue to support its vital role in enabling space exploration and discovery.”
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 2014 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.
