Press Release Jun 14, 2016

Jacobs Awarded T4S Contract from Naval Air Warfare Center Weapons Division

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract to provide the U.S. Naval Air Warfare Center Weapons Division (NAWCWD) with test and evaluation/training threat/target systems (T4S) for warfighter training and debriefing systems.

Under the terms of the contract, Jacobs is expected to assist NAWCWD in its efforts to research, develop, deliver, sustain and upgrade its threat systems; range instrumentation equipment; range command and control equipment; data routing, storage and display equipment, as well as to provide software for pre-deployment aircrew warfighter training and weapons systems test and evaluation.

The contract is valued at $427 million over five years.

In making the announcement, Jacobs Senior Vice President Aerospace and Technology Darren Kraabel stated, “We’re proud to continue our longstanding work with the Navy. Jacobs has provided combat environment simulation support for the Navy and Department of Defense test and evaluation and training for more than 14 years through consecutive contract awards. With this new contract, Jacobs continues to provide systems engineering services to determine and deliver components for complex simulated combat environments in support of combat training systems.”

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 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.


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Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

Robin Shermer, 817-735-6284