Wired News – Jacobs Gets JETS Contract Extension for NASA’s Johnson Space Center in Houston
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LONDON, UK / ACCESSWIRE / April 13, 2018 / Active-Investors.com has just released a free research report on Jacobs Engineering Group Inc. (NYSE: JEC) ("Jacobs"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JEC as the Company's latest news hit the wire. On April 11, 2018, the Company disclosed that NASA has extended its JSC Engineering, Technology, and Science (JETS) Contract for the provision of various science and engineering services and solutions at NASA's Johnson Space Center in Houston, Texas. The contract is valued at approximately $437.5 million. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Jacobs Engineering Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Commenting on the extension of the JETS Contract, Dr. Steve Arnette, Senior Vice President - Research and Operations of Jacobs Advanced Engineering, said:
“We welcome this opportunity to build upon our longstanding relationship with NASA Johnson Space Center. This contract extension enables us to continue supporting a vital role in enabling space exploration and discovery.”
Scope of the Contract Extension
As per the terms of the Contract Extension, Jacobs will continue to provide science and engineering services, digital solutions, and operations support and products for all major NASA programs. These NASA programs include the International Space Station, Orion, and several other space science and technology development projects. The contract also covers curation and research on the various astromaterials brought to earth from the moon, other planets, and interstellar space.
The current contract extension has a two-year option and a potential value of $437.5 million. The contract option starts from May 2018 and continues till April 2020. Considering the current extension, the JETS Contract value has reached $1.46 billion.
The original JETS Contract
The JETS Contract supports the work undertaken by NASA JSC's Engineering Directorate and Astromaterials Research and Exploration Science Directorate. Jacobs initially bagged the JETS Contract in February 2013 and started work on the contract in May 2013. The JETS contract had a five-year base period, followed by two two-year options. The cost-plus-award-fee services contract, including the options, had a potential value of $1.93 billion. The services covered under the JETS Contract included engineering design and development; sustaining engineering, engineering analysis, and assessment; technology development; test services; laboratory and facility operation and maintenance; planetary mission research; physical science research; and astromaterials curation.
Jacobs had roped in the support of several other Companies for this contract, including Aerodyne Industries, Barrios Technology, ERC Inc., HX5 LLC, UTC Aerospace Systems, GeoControl Systems Inc., Oceaneering Space Systems, MRI Technologies, ATK, and Boeing.
About Jacobs Engineering Group Inc.
Dallas, Texas-based Jacobs was founded by Joseph Jacobs in 1947 and is one of the largest and most diverse providers of technical, professional, and construction services. These include all aspects of architecture, engineering, and construction, operations and maintenance, as well as scientific and specialty consulting. Jacobs has a global presence in over 230+ locations and caters to clients in industrial, commercial, and government sectors. The Company has an employee strength of over 74,000 people. The Company's revenues were $15 billion in FY17.
Stock Performance Snapshot
April 12, 2018 - At Thursday's closing bell, Jacobs Engineering Group's stock marginally declined 0.10%, ending the trading session at $59.46.
Volume traded for the day: 534.34 thousand shares.
Stock performance in the previous six-month period – up 1.88%; and past twelve-month period – up 8.88%
After yesterday's close, Jacobs Engineering Group's market cap was at $8.69 billion.
Price to Earnings (P/E) ratio was at 27.38.
The stock has a dividend yield of 1.01%.
The stock is part of the Services sector, categorized under the Technical Services industry. This sector was up 0.6% at the end of the session.
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