Jacobs Awarded Design and Construction Contract by AFCEC
Jacobs Engineering Group Inc. JEC has recently secured an architect-engineering (A-E) 2013 design and construction services (DCS) contract from the Air Force Civil Engineer Center ('AFCEC') based at Texas. The estimated gross value of the indefinite-delivery/indefinite-quantity is $950 million.
Per the deal, Jacobs will offer Title I, Title II, and other A-E services to assist in military family housing ('MFH'), sustainment, military construction ('MILCON'), restoration and modernization ('SRM') programs of the Air Force Civil Engineer Center.
Jacobs is one of the leading providers of technical services and construction solutions for diversified public, industrial and commercial clients worldwide. The company also provides rail planning, rail consulting, and designing & construction services to several private as well as public railroads in the U.S. The Zacks Rank #3 (Hold) company strives to improve its business through organic growth initiatives and the AFCEC deal an important milestone in this regard. The company expects the contract to not only boost its organic growth but also strengthen the U.S. military.
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