Florida’s Turnpike Enterprise Awards Jacobs Sawgrass Expressway Widening Contract

DALLAS--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) has been selected by Florida’s Turnpike Enterprise to provide design services to widen over nine miles of the Sawgrass Expressway in South Florida, from six to ten lanes, incorporating two express lanes in each direction of traffic. Jacobs will also design the reconstruction and rehabilitation of three interchanges, a project with an estimated construction value of $125 million, according to Florida’s Turnpike Enterprise.

The project objectives are to add capacity, improve travel time reliability, enhance safety and provide long-term mobility options for commuters and visitors in South Florida. Operational, capacity and safety enhancements at the interchanges include designing diamond and diverging diamond interchanges (DDIs).

“Jacobs has served as the operations and maintenance consultant to Florida’s Turnpike Enterprise for 25 years,” said Jacobs President Buildings & Infrastructure Bob Pragada. “By combining past experience with our interchange design expertise, our goal is to assist Florida’s Turnpike Enterprise in fulfilling its pledge to provide high value transportation options to its patrons while meeting and exceeding project objectives.”

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com.

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 Form 10-K for the year ended September 30, 2016, 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.

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Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



Salim Rahimi, 214.583.8428