Jacobs Receives Contract Extension from EDF Energy

09/09/2014

Project Services Provider for Eight Nuclear Power Station Sites in UK

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its contract to provide project services to EDF Energy for its eight nuclear power station sites in the United Kingdom has been extended.

Company officials did not disclose the contract value, but noted that the contract is extended by 12 months with an option for a further 12 months.

Jacobs is providing a range of project services to support EDF Energy’s program of maintenance and life extension projects at the stations. EDF Energy’s eight stations have a combined capacity of almost 8.8 million kilowatts, making it the UK’s largest generator of low carbon electricity.

In making the announcement, Jacobs Group Vice President Conor Doyle stated, “We look forward to continuing to support EDF Energy’s safe and secure operation of these existing UK nuclear power stations. We are delighted to contribute our multi-disciplined nuclear capability and global project delivery experience to help sustain, modernize, and deliver change across these strategic nuclear assets.”

Jacobs provides a wide range of services to the EDF Group for projects in the UK and Europe including technical, engineering, and environmental services.

EDF Energy is one of the UK’s largest energy companies and the largest producer of low-carbon electricity, producing around one-fifth of the UK's electricity from its nuclear power stations, wind farms, coal and power stations and combined heat and power plants. The company supplies gas and electricity to 6 million business and residential customer accounts and is the biggest supplier of electricity by volume in Great Britain.

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.

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.