Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was selected by Shell as one of three providers to support the Company's module fabrication demand in North America.
Officials did not disclose the contract value, but noted that the seven-year framework agreement includes a three-year extension option.
In making the announcement, Jacobs Group Vice President Chris Nagel stated, "We are delighted that Shell has chosen Jacobs as a supplier of module fabrication services in North America. This long term and strategic agreement allows us to jointly collaborate, innovate and create solutions that add value to both our organizations."
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.
