PASADENA , Calif., Nov. 13 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide facility integrated management operations (FIMO) support for the National Ignition Facility (NIF) at the Lawrence Livermore National Laboratory (LLNL) in California.
The contract has a potential value of
NIF is a research laboratory facility to be used by scientists from different institutions and disciplines to support high energy, pulsed laser systems research advancements in national security, fusion, and basic science. LLNL is operated by Lawrence Livermore National Security, LLC for the U.S. Department of Energy's National Nuclear Security Administration.
In making the announcement, Jacobs President and CEO Craig Martin stated, "This contract provides an excellent opportunity to build upon our relationship with the LLNL. We supported the laboratory with all phases of the design, construction, and commissioning of the NIF as well as the initial implementation of the operations and maintenance program. Selecting Jacobs as the FIMO contractor is the next step toward achieving successful facility operations and maintenance within the high-technology NIF. We will continue to work closely with LLNL to accomplish the NIF program mission and derive maximum value from this unique national asset."
Jacobs, with over 52,000 employees and revenues exceeding
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2006 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
SOURCE Jacobs Engineering Group Inc.