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Jacobs Engineering Wins Construction Contract from Bechtel Marine Propulsion

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Jan 5 2011

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Bechtel Marine Propulsion Corporation to provide engineering, procurement and construction management (EPCM) services in support of the Expended Core Facility Recapitalization Project.

The total construction project cost is estimated to range from $300 to $500 million.

The project, located within the boundary of Idaho National Laboratory, will support the Naval Reactors Facility (NRF) mission in Idaho. It is anticipated that construction for a new spent fuel handling facility would begin in 2016 and the building would be operational in 2020.

In making this announcement, Jacobs CEO Craig Martin stated, "We are very pleased to have been awarded this contract and to aid in supporting the U.S. Navy's nuclear powered fleet."

Source: http://www.jacobs.com/

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