Jacobs Subsidiary Receives Contract From the U.S. Marine Corps.Business Editors QUANTICO, Va.--(BUSINESS WIRE)--March 27, 2002 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 was granted an option year of a five-year contract to provide Combat Support and Logistics Equipment (CSLE CSLE Combat Support and Logistics Equipment ) Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the U.S. Marine Corps (USMC) Systems Command located in Quantico, Va. Officials did not disclose the contract value. Jacobs has provided systems engineering, program management, acquisition management, logistics, operations analysis, and modeling and simulation services to the USMC through the CSLE contract since 1999. Most acquisition programs supported under this contract of approximately 150 people are Acquisition Category (ACAT ACAT See: Automated Customer Account Transfer ) III, ACAT IV, or smaller acquisition programs. Jacobs also provides some support to ACAT II programs such as the Medium Tactical Vehicle Replacement Medium Tactical Vehicle Replacement (MTVR) or 7-Ton, is a six-wheel drive all-terrain vehicle used by the United States Marine Corps and United States Navy. It is designed to replace the old M900 series of tactical trucks, and was first fielded in 1998, after the (MTVR MTVR Medium Tactical Vehicle Replacement ) program, which is the Commandant's number one USMC priority for ground programs. At any point in time, Jacobs supports more than 100 USMC acquisition programs. In making the announcement, Jacobs Executive Vice President Richard Slater stated, "We are proud to continue our relationship with the U.S. Marine Corps and appreciate the opportunity to serve as a contributor to their continuing excellence in support of our nation." Jacobs Engineering Group Inc. is one of the world's largest providers of technical professional services. With more than 21,000 home office employees, the company offers full-spectrum support to industrial, commercial, and government clients in diverse markets. Services include scientific and specialty consulting as well as all aspects of design, construction, and operations & maintenance. 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 2001 Annual Report on Form 10-K. |
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