(By Balaseshan) Jacobs Engineering Group Inc. (NYSE:JEC), a technical professional services firm, said it has received two contracts from the National Institutes of Health (NIH) and Shell Canada Energy.
The company has been awarded a contract to provide information technology services to the National Institutes of Health (NIH) and certain other government agencies. This multiple award, indefinite delivery/indefinite quantity (IDIQ) contract has a maximum order limit of $20 billion over a period of ten years.
Under the terms of the contract, the scope of work for this effort includes Chief Information Officer support; IT services for biomedical research, health sciences and healthcare; IT operations and maintenance; and integration services.
The scope of work for the NIH contract also includes critical infrastructure protection and information assurance; digital government; enterprise resource planning; clinical support, resources and studies; software development; imaging; and outsourcing.
In a separate release, the company said it has received a five-year contract from Shell Canada Energy for front end engineering design, engineering, procurement, construction support, commissioning support and related services for the Jackpine Mine Tailings and Infrastructure Program.
The Jackpine Mine is one of two mines at Shell's Albian Sands site near Fort McMurray, Alberta, Canada. Officials did not disclose the contract value. Jacobs is delivering a portfolio of projects involving conceptual engineering of new technologies to consolidate tailings and meet environmental requirements.
JEC ended Monday's regular session at $37.63. The stock has been trading between $30.74 and $48.17 for the past 52 weeks.