Jacobs Receives Contract from U.S. Postal Service.PASADENA, Calif. -- 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 a subsidiary company has received a contract from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Postal Service (USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. ) to provide construction management support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for projects throughout the United States. Officials estimate the value of the 10-year indefinite quantity contract, which has a 2-year base period and up to four 2-year option periods, at $275 million. Under the contract, Jacobs supports both the design and construction of USPS facilities. As construction management support services contractor, Jacobs provides total project management in addition to serving as the technical and managerial interface between the USPS and its architectural/engineering firms and construction contractors. The contract covers both new and renovated facilities which may include individual post offices, air mail concourses and facilities, processing and distribution centers, bulk mail centers, and other facilities in the nationwide Postal Service system. In announcing the award, Jacobs Group Vice President Warren Dean noted, "Our construction managers, architects, and engineers have been serving the Postal Service since the mid-1980s. We are delighted that we've earned this opportunity to continue supporting an institution that is such an integral and vital part of American life." 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 Item 7 -- 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 of Financial Condition and Results of Operations contained in the Company's 2003 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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