Jacobs Awarded Contract Option at NASA Kennedy Space Center

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been awarded a modification to extend the Test and Operations Support Contract (TOSC) at NASA Kennedy Space Center (KSC) in Florida.

The cost-plus-award-fee option for the baseline work extends the contract for a period of two years and is valued at $172.8 million. The contract’s indefinite-delivery indefinite-quantity ordering provision, with a maximum order limit of $500 million for the life of the contract, was also extended for a concurrent two-year period.

Under the terms of the TOSC contract, Jacobs provides ground processing for launch vehicles, spacecraft, and payloads in support of emerging programs, commercial entities, and other government agencies at KSC. Services include advanced planning and studies; development of ground systems; operational support for the design and development of flight hardware and ground systems; spacecraft, payload and launch vehicle servicing and processing; ground systems services; and logistics.

In making the announcement, Jacobs Group Vice President Ward Johnson stated, “We are pleased to support NASA at Kennedy Space Center and to continue our long-time partnership with NASA as they begin a new generation of space exploration.”

Jacobs is one of the world's largest and most diverse providers of technical professional and construction services.

Source: Jacobs Engineering Group Inc.
Date: Oct 7, 2014