Jacobs Announces Contract from Water Corporation of Western Australia

01/28/2014

SKM Joint Venture Awarded New Wastewater Treatment Plant Project

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that TASK JV, a joint venture between its recent acquisition Sinclair Knight Merz (SKM) and Thiess, signed an alliance contract with Water Corporation of Western Australia to design, construct and commission the East Rockingham Wastewater Treatment Plant (WWTP) near Perth, Australia.

The contract value is approximately $73 million (AUS $82 million). Water Corporation defines an alliance contract as a commercial collaboration between an owner and one or more participants to deliver a project, where all participants share the project risks.

Under the terms of the contract, the TASK JV is working in an integrated team with Water Corporation to deliver the greenfield project, which is being designed to meet future demand in Perth’s growing south-west corridor. The site of the East Rockingham WWTP is in an industrial area with an environmental buffer zone, and construction is expected to be completed by December 2015.

In making the announcement, Jacobs Executive Vice President Santo Rizzuto stated, “We are delighted to receive this contract. The TASK JV combines Thiess’ construction, mechanical, electrical and instrumentation experience with our industry leading wastewater treatment design and commissioning capability. We look forward to working closely with Water Corporation to help them meet their goals for the East Rockingham WWTP.”

Sinclair Knight Merz recently completed a merger transaction and is now part of Jacobs, 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.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

Michelle Jones, 626-578-6968

Statements that are not based on historical fact are forward-looking statements.   Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain.  We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2009 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 caution readers that we do not undertake to update any forward-looking.