News

08/03/10 - Jacobs Receives Alliance Contract from Eastman Chemical Company for Construction, and Maintenance Services

PASADENA, Calif., Aug 03, 2010 /PRNewswire via COMTEX/ --

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a multi-year, continuous presence contract from Eastman Chemical Company for program management services, capital construction projects and site maintenance support at its Kingsport, Tennessee, site. Eastman Chemical Company is a global chemical company which manufactures and markets a broad portfolio of chemicals, fibers and plastics.

Officials did not disclose the overall contract value.

Eastman's Tennessee operation employs approximately 6,600 employees and is one of the largest chemical manufacturing sites in North America. The site occupies more than 550 buildings and approximately 4,000 acres of land, with the main plant site covering 900 acres. Eastman's Tennessee operation has long been recognized by the outside world as a progressive, innovative facility.

Jacobs' scope of work includes performance of all small and mid-cap construction projects and a portion of the company's maintenance operations.

"We're looking forward to working with Jacobs at our Tennessee manufacturing site," said Jim Harlan, vice president of Worldwide Engineering and Construction. "Eastman has a longstanding history of selecting contractors who share our values on matters like safety and quality."

In making the announcement, Jacobs Group Vice President Mike Autrey stated, "We look forward to working with Eastman in this critical role and collaborating with the other contractors and suppliers involved at this site." He continued, "This award allows us to increase our presence in Tennessee."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

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

For additional information contact:
Michelle Jones
626.578.6968