PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was appointed by Managing Contractor Lend Lease Building Pty Limited for a major extension to an existing contract for the New Air Combat Capability (NACC) facilities project in Australia.
The NACC project is developing new and refurbished facilities on ten Defence sites around Australia to accommodate the Royal Australian Air Force’s introduction of the new Joint Strike Fighter (JSF) F-35A Lightning jets.
Under the terms of the contract extension, Jacobs is providing design services encompassing structural, security, electrical, mechanical, civil, traffic, hydraulic, fire and acoustics.
Company officials did not disclose the contract value.
Since mid-2011, Jacobs has been engaged in providing design services to the initial planning phase of the project. This new appointment extends the scope to incorporate design for detailed design, final design and construction support services at RAAF Base Williamtown, New South Wales and schematic and detailed design at RAAF Base Tindal, Northern Territory.
The JSF is expected to replace the existing FA-18 fighter aircraft currently located at RAAF Bases Williamtown and Tindal. This includes two operational squadrons and a training squadron at RAAF Base Williamtown, as well as an operational squadron at RAAF Base Tindal. Purpose built facilities for the aircraft are being constructed at these sites, including new aircraft pavements, aircraft shelters, working and training accommodation, hangers and maintenance facilities.
The project’s capital expenditure is expected to be approximately $1 billion (AUD$1.3 billion). Construction at RAAF Base Williamtown commenced in 2015. Completion of all facilities at the ten Defence sites is anticipated by 2022.
Group Vice President Michael Shirley said, “This extension represents recognition not only of Jacobs’ in-depth knowledge and experience in design services, but also our longstanding, trusted relationship with Defence. We look forward to continuing to work closely with Lend Lease to deliver this landmark project for Australia.”
Jacobs is one of the world’s largest and most diverse providers of technical professional and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2013 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 do not undertake to update any forward-looking statements made herein.