Jacobs Awarded Contract from Volpe Center to Support Federal Railroad Administration

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract from the Volpe National Transportation Systems Center (Volpe Center) to provide monitoring and technical assistance for the Federal Railroad Administration (FRA) Grant and Loan Program.

The five-year indefinite-delivery/indefinite-quantity multiple award task order contract has a maximum order limit of $70 million.

Under the terms of the contract, Jacobs is working with the Volpe Center to provide support to FRA grantees and borrowers in a variety of areas that include monitoring, technical assistance, compliance, program management, deliverable review, and training.

In making the announcement, Jacobs Group Vice President Kevin McMahon stated, “We are delighted to assist the Volpe Center in overseeing the FRA’s nationwide Grant and Loan program. Passenger and freight rail systems are vital components of the U.S. infrastructure, and we are pleased to support rail transportation improvements through this important program."

The Volpe Center is a federal fee-for-service organization within the United States Department of Transportation’s Research and Innovative Technology Administration. The Center partners with public and private organizations to assess the needs of the transportation community, evaluate research and development endeavors, assist in the deployment of state-of-the-art transportation technologies, and inform decision- and policy-making through comprehensive analysis.

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

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 2013 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.

Michelle Jones, 626-578-6968