(By Balaseshan) Jacobs Engineering Group Inc. (NYSE: JEC) said it has received a contract to provide testing and operations support services to NASA at Kennedy Space Center (KSC) in Florida.
The award represents a potential maximum value of $1.37 billion. It includes a base period of one year and seven months, plus two two-year option periods and four one-year option periods.
Under the terms of the contract, Jacobs is providing overall management and implementation of ground systems capabilities, flight hardware processing and launch operations at KSC.
These tasks support KSC's Ground Processing Directorate and the International Space Station, Ground Systems Development and Operations, Space Launch System, Orion Multi-Purpose Crew Vehicle, and Launch Services programs.
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The Jacobs team that received the contract includes two sub-contractors: ERC Inc. and Aerodyne Industries LLC.
In a separate release, the company said it has received a contract from Santos, one of Australia's largest domestic gas producers, to deliver the concept development study for its Cooper Gas Growth (CGG) satellite developments in South Australia. Officials did not disclose the contract value.
The satellite developments are an integral component of Santos' CGG program, which involves major expansion of existing upstream operations, including the Moomba gas fields and processing facilities in South Australia.
Under the terms of the contract, Jacobs is providing study management and engineering and design services. The study is focusing on design standardization and modularization that are expected to deliver long term benefits regarding the operational flexibility and reliability of the facilities.
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JEC closed Monday's regular session up 0.27% at $44.04. The stock has been trading between $33.61 and $48.17 for the past 52 weeks.