Jacobs Receives Contract from NASA for IDIQ Support

03/25/2008

PASADENA, Calif., March 25, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received an indefinite delivery indefinite quantity (IDIQ) architect/engineering services contract from the National Aeronautics and Space Administration (NASA) to provide design and other professional services required to rehabilitate, modernize, or provide structural systems for Shuttle landing facilities at the Cape Canaveral Air Force Station, Fla., and Vandenberg Air Force Base, Calif.; and facilities at the Kennedy Space Center, Fla.

Officials did not disclose the value of this five-year contract.

In making the announcement, Jacobs President and CEO Craig Martin stated, "This contract provides an excellent opportunity to build upon our long-standing relationship with NASA. Services we provide under this contract will help to sustain, and often enhance, national assets that are critical to our country's continued access to space."

Jacobs, with over 54,000 employees and about $9.0 billion in revenues, provides technical, professional, and construction services globally.

Any statements made in this release 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 2007 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact:
Mary Bloom
626.578.6992

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SOURCE Jacobs Engineering Group Inc.

http://www.jacobs.com

 

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.