Market Overview

Jacobs Receives Contract from EDF NNB Generation Company Limited

Related JEC
Jacobs (JEC) Fortifies Canada Midstream Trade on Keyera Deal
Disney, JetBlue And More: Fast Money Picks For December 30
Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q3 2017 Update (Seeking Alpha)

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded a professional services framework contract from NNB GenCo, a subsidiary of EDF Energy, to support its proposed new 3,200 MW nuclear power generation plants at Hinkley Point in Somerset and Sizewell C in Suffolk, United Kingdom.

Company officials did not disclose the contract value, but noted that the duration of the contract is three years and the work is being executed from several Jacobs offices in the UK.

Under the terms of the contract, Jacobs' scope of services covers capital projects consultancy and coordination of the design, management and construction of the projects; including logistics, planning and design, project controls, construction engineering and management, commercial and project management, and risk and safety program design and implementation.

EDF Energy is the prospective owner, operator and licensee for two new reactors planned at Hinkley Point C and two additional reactors proposed at Sizewell C.

Jacobs Group Vice President Conor Doyle stated, “Jacobs' experience working across EDF Energy's existing nuclear power stations in the UK provides a strong foundation to support these new power generation projects. We look forward to integrating our technical capability and global project delivery experience into EDF Energy's New Nuclear Build team for this major energy investment.”

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.

Jacobs Engineering Group Inc. Michelle Jones, 626-578-6968

Source: Jacobs Engineering Group Inc.

Posted-In: News


Related Articles (JEC)

View Comments and Join the Discussion!

Partner Center