Jacobs Receives Contract from Cessna
PASADENA, Calif., May 11 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that its subsidiary Jacobs Spain, S.L., received a contract from Cessna Spanish Citation Service Center, S.L., a Textron Inc. (NYSE: TXT) company, to design and build a new Citation Service Center in Valencia, Spain. Services will be provided from Jacobs' office in Madrid, Spain. Construction is scheduled to begin in January 2011.
Officials did not disclose the contract value.
The new facility in Valencia will augment the Cessna Citation Service Center in Paris. It will include 64,000 square feet (6,000 square meters) of hangar space and about 88,264 square feet (8,200 square meters) of office, storage and shop space. Operations at the Service Center are scheduled to begin in 2012.
Cessna plans to begin hiring employees next year and will work with FlightSafety International to fulfill maintenance training requirements.
"We are very happy to have Jacobs' expertise involved in this project," said Jack Pelton, Cessna chairman, president and CEO. "With some 400 Citations within a 90-minute radius of the Valencia airport, it is a prime location to improve delivery throughout the region."
In making the announcement Jacobs Group Vice President Robert Matha said, "Cessna is the leading general aviation company in the world. We are very pleased to be part of this important project which is expected to enhance service options for their European operators."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
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 2009 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.
For additional information contact: |
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Michelle Jones |
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626.578.6968 |
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SOURCE Jacobs Engineering Group Inc.
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