Jacobs Subsidiary Sverdrup Technology Awarded Engineering Support Services Contract at the Naval Air Warfare Center Weapons Division.Business Editors TULLAHOMA, Tenn.--(BUSINESS WIRE)--Sept. 6, 2000 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. subsidiary Sverdrup Technology Inc. received a contract to provide engineering 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 Naval Air Warfare Center Weapons Division Noun 1. Naval Air Warfare Center Weapons Division - the principal agency of the United States Navy for research and development for air warfare and missile weapon systems NAWCWPNS (NAWCWD NAWCWD Naval Air Warfare Center, Weapons Division ). NAWCWD is the Navy's principal research, development, test and evaluation, and in-service engineering agency for air warfare air warfare Military operations conducted by airplanes, helicopters, or other aircraft against aircraft or targets on the ground and in the water. Air warfare did not become important until World War I (1914–18). and missile weapon systems. The 5-year, $82 million contract is effective October 1, 2000, and allows a maximum of 1,550,000 total workhours. It is structured as a cost-plus-award-fee, indefinite-delivery/indefinite-quantity task order contract. Sverdrup will perform half of the work in Ridgecrest, Calif., and half at Point Mugu, Calif. Areas of support include systems engineering, test and evaluation, technical data support, integrated logistics support A composite of all the support considerations necessary to assure the effective and economical support of a system for its life cycle. It is an integral part of all other aspects of system acquisition and operation. Also called ILS. , configuration management, technical data management support, and management services. The focus for this engineering support is air-to-air and air-to-ground weapons systems development for the Navy and for joint Navy and Air Force programs. The current Sverdrup Team workforce averages about 200 engineering and technical employees; they will maintain this level under the new contract. Sverdrup's teammates on this contract are Aegir Systems, Inc.; Systems Application and Technologies, Inc. (SA-TECH); and Tessada & Associates, Inc. (TESSADA). Aegir provides engineering and technical services in the defense, transportation, and security sectors. SA-TECH provides technical services, facilities management, background investigations, and security services. TESSADA specializes in information technology, logistic management and technical services, accounting and financial management, and contract administrative services. In making the announcement Jacobs Executive Vice President Jim Uselton stated, "NAWCWD is the Navy's premier center for weapon system research, development, and test and evaluation. Retaining this contract for a second term positions us well in one of our major markets and allows us to offer value-added services to a key client." Jacobs Engineering Group Inc. is one of the world's largest providers of professional technical services. With annual revenues exceeding $3 billion, 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 and Other Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Applications" 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 1999 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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