Jacobs Selected by US Navy for Intelligent Asset Management

DALLAS, Nov. 14, 2018 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) was awarded a contract from the U.S. Navy to support their critical national defense mission operations at the Naval Facilities Engineering Command's Southeast (NAVFAC SE) Base Operations Support I services at Naval Station Mayport and Marine Corps Support Facility Blount Island in Jacksonville, Florida, and the outlying areas supported by these commands.

NAVFAC estimates the contract, effective January 1, 2019, at a maximum value of $241.7 million with a base period of performance and seven one-year options.

"Jacobs is honored to support NAVFAC SE's critical mission to sustain and advance installation facilities and capabilities for these regions," said Jacobs Aerospace, Technology, Environmental and Nuclear Senior Vice President Steve Arnette. "We plan to leverage our strong track record of innovative and agile technical and management solutions to increase reliability and availability across numerous functions."

With its depth of capabilities around intelligent asset management through reliability-centered maintenance programs, Jacobs will provide enhanced operation and maintenance expertise to increase infrastructure reliability and availability in the areas of: port operations, facility management, facility investment, pavement clearance, utilities management, electrical, gas, wastewater, steam, water, chiller plant, base support vehicles and equipment, environmental and other related services. 

Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2017 revenue when combined with full-year CH2M revenues and a talent force of more than 77,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.

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 Form 10-K for the year ended September 29, 2017, 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.

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