Jacobs Receives Nationwide Program Management Contract for Amtrak Stimulus Projects

PASADENA, Calif., Oct. 13 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it has signed a contract with Amtrak, the National Railroad Passenger Corporation, to provide program management and construction management services for more than 100 infrastructure improvement projects (at over 360 locations) with the potential value in excess of $560 million being funded through the American Recovery and Reinvestment Act (ARRA) economic-stimulus package.

Under this contract, Jacobs will manage, procure, and administer, in part or in full, the design and construction of projects such as maintenance facility upgrades, bridge replacements, track work, security enhancements, and various station improvements.

In support of small and minority-owned businesses, Jacobs and Amtrak will set individual goals for significant levels of small and disadvantaged business enterprise participation, and contract projects to create jobs that will further economic recovery and provide long-term benefits.

In making the announcement, Jacobs Group Vice President Kevin McMahon stated, "We are excited to assist Amtrak in the management of its nationwide ARRA program. Passenger rail service is an important component of our country's transportation infrastructure, and helping to improve that system - while creating jobs and stimulating the overall economy - is a challenge and privilege we welcome at Jacobs."

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 2008 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

SOURCE Jacobs Engineering Group Inc.