Jacobs Wins Contract for NASA White Sands Test Facility

03/29/2016

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was awarded the Test Evaluation and Support Team 2 (TEST2) contract at NASA’s White Sands Test Facility (WSTF) near Las Cruces, New Mexico.

The contract, effective May 1, has a maximum value of $400 million with a two-year base period of performance and three one-year options.

Under the terms of the contract, Jacobs is expected to provide support to all current and future NASA programs for space transportation and human space flight, as well as other Federal agencies and commercial customers. This includes services in the areas of propulsion system testing; materials and components testing; hypervelocity impact testing; critical flight hardware processing and refurbishment; composite pressure systems testing and analysis; operation and maintenance of on-site laboratories and facilities; and emergency services.

In making the announcement, Jacobs Senior Vice President Aerospace and Technology Ward Johnson stated, “Jacobs is proud to support NASA WSTF’s critical mission sustaining and advancing human space flight capabilities. We look forward to applying innovative and agile technical and management approaches across all elements of the TEST2 scope while ensuring a strong focus on safety.”

Jacobs is one of the world's largest and most diverse providers of technical, professional and construction services. Its Aerospace and Technology line of business provides technical and innovative enterprise solutions to government and commercial clients.

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.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

Robin Shermer, 817.735.6284

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.