Jacobs Receives a Contract from Hopital Laennec in France.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--July 30, 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 a European subsidiary company received a contract from Hopital Laennec for a major hospital project in Creil near Paris, France. Jacobs, the leading service provider for the healthcare sector in France, is providing engineering, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , and construction management services for the project, which has a total value of over $70 million. The expansion and upgrade allows Hopital Laennec to meet growing service demands into the future. The hospital's 50,000 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas will include an operating theater, intensive care units, an x-ray section, and out-patient facilities. In making the announcement, Jacobs Group Vice President Robert M. Clement stated, "We are delighted to assist Hopital Laennec in meeting its critical expansion strategy. As an important healthcare provider in Paris and one of the leading public hospital facilities in France, Hopital Laennec is a highly regarded client and we look forward to developing a strong and long-lasting partnership with them." 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 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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