Jacobs Secures Contract Supporting Development of the Next Generation of Commercial Vehicles for Ford

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May 27, 2020, 07:45 ET

DALLAS, May 27, 2020 /PRNewswire/ -- Jacobs (NYSE:J) has been awarded a contract to design and build a new Commercial Vehicle Advanced Propulsion Laboratory for Ford at its Dunton Campus and U.K. headquarters in Essex. The appointment follows Ford's announcement of an overall investment of $28 million (£23 million) to construct the new facility.

The Commercial Vehicle Advanced Propulsion Laboratory will extend the existing facilities and include powertrain NVH (noise, vibration and harshness) test chambers, a testing area for electrification technologies and a new cold cell test room. Ford anticipates that the new facility will be fully operational by early 2021. Jacobs has been supporting Ford on the development with initial studies, engineering and planning support since 2018 and recently completed the refit of three state-of-the-art engine test rooms at the Dunton facility. This latest award will include completion of the engineering, construction and commissioning of the new facility working with the Ford Dunton team and its key test equipment supplier.

"The new laboratory will support Ford's U.K. and European commercial vehicle leadership and enable Ford to stay at the forefront of new vehicle technologies, including electrification of its product portfolio," said Jacobs Critical Mission Solutions Senior Vice President, Steve Arnette. "We are applying Jacobs' broad research and development design and construction capabilities to deliver a total solution to Ford for this technically advanced facility."

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $13 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. 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, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended September 27, 2019, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

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SOURCE Jacobs