Bloomberg News

Jacobs Engineering Beats Lockheed for $1.9 Billion NASA Contract

February 08, 2013

Jacobs Engineering Group Inc. (JEC:US) beat Lockheed Martin Corp. to retain its biggest U.S. government contract, an agreement with the National Aeronautics and Space Administration valued at as much as $1.93 billion.

The award is for engineering and technology work at Johnson Space Center in Houston, NASA said today in a statement. It is for a maximum of nine years.

Jacobs, based in Pasadena, California, has held the contract since at least 2004, according to a NASA statement.

Michelle Jones, a spokeswoman for Jacobs, didn’t immediately return a phone call seeking comment.

Bethesda, Maryland-based Lockheed bid on the contract and doesn’t plan to protest NASA’s decision, Lindsay Wilson, a company spokeswoman, said in an e-mail.

“Although we are disappointed with the decision, Lockheed Martin remains committed to delivering critical capabilities for NASA,” she said.

To contact the reporter on this story: Nick Taborek in Washington at ntaborek@bloomberg.net

To contact the editor responsible for this story: Stephanie Stoughton at sstoughton@bloomberg.net


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Companies Mentioned

  • JEC
    (Jacobs Engineering Group Inc)
    • $53.85 USD
    • 0.70
    • 1.3%
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