Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been awarded a contract option period by the U.S. Air Force at Eglin Air Force Base for its Technical and Engineering Acquisition Support (TEAS) 6 contract.
The IDIQ contract option has a potential value of $128 million.
Jacobs’ support of the Air Force on this program dates back to its inception in 1986. With a staff of nearly 800 personnel headquartered at Eglin Air Force Base, Fla., Jacobs provides technical expertise to help the Air Force develop, acquire, test, deploy, and sustain air delivered munitions. The scope of work includes systems engineering and integration support for virtually all USAF air-launched weapon systems; test and training range systems; and numerous air combat support systems.
In making the announcement, Jacobs Group Vice President Terry Hagen stated, “We are pleased to have this opportunity to continue our longstanding work with the Air Force at Eglin and to support the integrated research, acquisition, and test and evaluation necessary to deliver state-of-the-art technology for our Air Force.”
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Source: Jacobs Engineering Group Inc.
Date: May 7, 2013