Jacobs Engineering Group Inc (J)

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AWE and Jacobs Sign Revised Contract for Major Projects


PASADENA, Calif., March 4 /PRNewswire-FirstCall/ -- Atomic Weapons Establishment, Plc and Jacobs Engineering Group Inc. (NYSE: JEC), are pleased to announce that they have reached agreement on an Integrated Management Team support contract at AWE's Aldermaston and Burghfield sites in England.

Jacobs' six-year contract provides personnel, processes, and best practices to complement AWE's world-class project delivery capability to support ongoing capital projects at the sites.

The revised contract provides Jacobs with incentives aimed at securing continuous improvement and optimal value for money on each individual project.

In announcing the new agreement, Director of Business Management and Finance for AWE Jason Smith said, "Jacobs has proven to be a real asset to our continuous improvement initiatives and we are pleased to renew and strengthen our relationship with them."

Jacobs Group Vice President Allyn Taylor stated, "Jacobs is pleased to continue its support of this vital defense mission. Our expertise in safety, project delivery, and value creation is ideally suited to AWE's objectives."

AWE plc operates the Atomic Weapons Establishment on behalf of the U.K. Ministry of Defence, manufacturing and maintaining the warheads for the UK's nuclear deterrent.

Jacobs, with over 54,000 employees and about $9.0 billion in revenues, provides technical, professional, and construction services globally.