Jacobs Receives Army Corps of Engineers Remediation Contract.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Jan. 28, 2003 Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (NYSE NYSE See: New York Stock Exchange :JEC) announced today that it is a 25 percent member of the Environmental Chemical Corporation (ECC (1) (Error-Correcting Code) A type of memory that corrects errors on the fly. See ECC memory. (2) (Elliptic Curve Cryptography) A public key cryptography method that provides fast decryption and digital signature processing. ) team selected by the Army Corps of Engineers for the $100 million Total Environmental Restoration Contract (TERC TERC Telomerase RNA Component TERC Total Environmental Restoration Contract TERC Technology Education Research Center TERC Turbine Engine Research Center TERC Technical Education Resource Center TERC Tribal Emergency Planning Committee ) to remediate the 14,000-acre training range and impact area of the Massachusetts Military Reservation on Cape Cod in Mass. Under the 10-year TERC contract, Jacobs and the ECC team will characterize the site to determine the extent of contamination and will design and implement measures to remediate the contaminated soils and groundwater. Jacobs' scope of work will include field and site investigations/characterization (including sampling), groundwater modeling, risk assessment, feasibility studies, remedial engineering and design, GIS services, regulatory support, community relations support, data management, remedial construction support with a focus on groundwater remediation systems, and operation & maintenance with a focus on groundwater systems. For over 50 years, the military and law enforcement groups have conducted training in the training range and impact area. This training and associated activities involved artillery and mortar firing, detonation of explosives and unexploded ordnance (UXO UXO Unexploded Ordnance UXO unexploded explosive ordnance (US DoD) ), disposal and abandonment of UXO, burning of excess propellant bags, and the use and testing of various other munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. . Studies have revealed that a number of areas in the training range and impact area may have been contaminated by these activities. In making the announcement, Jacobs Group Vice President Jim Thiesing stated, "We are very pleased to be working with the New England District and ECC on this high-priority project. Jacobs has been working on groundwater issues at MMR MMR measles-mumps-rubella (vaccine); see measles, mumps, and rubella vaccine live, under vaccine. MMR abbr. measles, mumps, rubella vaccine for over five years and looks forward to providing the Army Corps of Engineers the services they require to finish the remediation of this installation." Jacobs, with over 35,000 employees and revenues approaching $5.0 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. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial filed as part of Exhibit 13 to the Company's 2002 Annual Report on Form 10-K. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion