Jacobs Receives Design Contract for Upgrade of N6 in Central Ireland.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 Ireland's National Roads Authority The National Roads Authority (NRA) (Irish: An tÚdarás urn Bóithre Náisiúnta) is a state body in the Republic of Ireland, responsible for the national road network. The NRA was established as part of the Roads Act 1993, and commenced operations on 1 January 1994. to provide design services on the project to upgrade the N6 between Kinnegad and Kilbeggan in central Ireland. Officials estimate the value of the project at $137 million. Jacobs is providing detailed design services and site supervision input in support of the project's civil engineering contractor, Ascon Ltd. The project involves the construction of 28 kilometers of dual carriageway dual carriageway Noun Brit, Austral & NZ a road with a central strip of grass or concrete to separate traffic travelling in opposite directions Noun 1. , 18 bridges, associated side roads, and three grade-separated junctions. Jacobs' design team of approximately 50 people is executing the work in Glasgow, with additional support from other Jacobs offices in the U.K. and Ireland. Jacobs also has an on-site team of nine people. In making the announcement, Jacobs Group Vice President Bill Mitchell
William L. Mitchell (July 2, 1912 — September 12, 1988) was an important General Motors designer from the late 1930s to the late 1970s. stated, "We are delighted to work with Ascon Ltd. on this project to improve the transportation infrastructure of central Ireland. This contract is particularly significant because it represents our first major success in the emerging Irish highways 'design and construct' market. Work is already under way or due to commence shortly on four additional projects with Ascon Ltd., each of which has a project value in excess of $124 million." Jacobs, with over 35,000 employees and revenues exceeding $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 2004 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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