PASADENA, Calif.--Jacobs Engineering Group Inc. (NYSE:JEC) announced today the expansion of its Aviation practice in response to continued growth in this market. The expansion includes the appointment of a Global Aviation Business Leader, along with several additional key hires.
Jacobs President Buildings and Infrastructure Bob Pragada said recent research confirms the aviation industry continues to offer solid business development opportunities, despite the prevailing challenges of global competition and price volatility. The research includes the Airports Council International’s (ACI) World Report from May 2016 and the International Air Transport Association (IATA) Airline Industry Economic Performance from December 2015.
“In addition to the research, several of our clients are seeing steady growth in passenger and cargo revenues, and globally we’re continuing to see improvements in profitability as a result of the steep reduction in fuel prices and growing market demand,” he said.
“Further, several analysts are predicting air travel and aircraft demand will more than double in the next 20 years. By expanding our global aviation practice, we’re ready to help our aviation clients meet the ongoing industry challenges to realize this potential growth.”
Key appointments in recent months have significantly enhanced Jacobs’ Aviation industry credentials. The appointments include Steven B. Morris, global aviation business leader; David Tomber, aviation principal, Americas; Stephen M. Pelham, aviation principal, Americas; and James Chilton, executive program director, aviation UK.
“These key hires strengthen our capabilities in a variety of areas critical for today’s leading aviation companies, including public-private-partnerships and other funding alternatives for owners, as well as strategic delivery options and construction management expertise,” said Pragada. “Combined with our existing resources and the global reach of the Jacobs network, we’re very excited about the prospects for our Global Aviation Practice.”
Jacobs currently provides professional services to the aviation markets in North America, Australia, Asia, Europe, UK and South America. Services range from strategic planning and financial consulting to planning, asset management, design, program management and construction management. Jacobs has more than 1,100 aviation professionals worldwide, with $260 million in aviation market revenue. The company is ranked number two in Engineering News Record’s 2015 Top 25 Designers in Airports list.
Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 60,000 people and operates in more than 30 countries around the world. For more information, visit www.jacobs.com.
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 2015 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.