Jacobs Receives Contract From Los Angeles World Airports to Provide Facilities Management Implementation Support Services
PASADENA, Calif., Jan. 18, 2011
PASADENA, Calif., Jan. 18, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received an award from Los Angeles World Airports (LAWA) to provide facilities management implementation support services.
Officials did not disclose the contract value.
The scope of the contract includes services provided as part of an integrated team to assist and support the development of a facilities management program to ensure LAWA exemplifies best facilities management and business practices. These best practices are to be applied to meet LAWA's facilities management needs at Los Angeles International Airport (LAX), LA/Ontario International Airport (LA/ONT), Van Nuys Airport (VNY), as well as property in and around Palmdale, Calif.
LAWA has a multi-billion-dollar portfolio of existing facilities at various stages of deterioration with significant renewal/replacement requirements. LAWA is investing extensively in new facilities to accommodate new large aircraft and to improve the customer experience.
Jacobs' responsibilities include assisting LAWA in defining and implementing a phased facilities management program applied to the entire portfolio of assets to provide LAWA with a systematic approach for acquiring, managing, operating, investing in and evaluating their facilities that is cost-effective, reliable and sustainable. The facilities management program is expected to help maximize the value of new assets being developed at Los Angeles International Airport. To achieve this goal, Jacobs will work with LAWA staff to integrate people, processes and technologies to optimize the value of facilities through their life cycles from planning, design and construction, to operations and maintenance, renewal and, ultimately, disposal.
In making the announcement, Jacobs Group Vice President Tom McDuffie stated, "We are very pleased to continue our relationship with Los Angeles World Airports, and we look forward to supporting them on such a significant project."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
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 2010 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.
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SOURCE Jacobs Engineering Group Inc.