Jacobs Receives Contract From Intelligence Advanced Research Projects Activity

PASADENA, Calif., July 5, 2011 /PRNewswire via COMTEX/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from the Intelligence Advanced Research Projects Activity (IARPA)to provide services under its Aggregate Contingent Estimation (ACE) program for combining event forecasts from multiple experts to improve forecast accuracy.

The contract has a potential value of approximately $11 million with a one-year base period of performance and three one-year award options. Its effective date is May 25, 2011.

The INterrelated FOrecasts Reflecting Models behind Experts' Decisions (INFORMED) system -, developed by Jacobs and its partners on the ACE contract: SRI and Digital Sandbox Inc, Mercyhurst College, ANSER Corporation, and Professor Scott Page -weighs individual forecasts, not just by superficial demographic information about the experts, but also by the underlying models that are used to derive estimates.

In making the announcement, Jacobs President and Chief Executive Officer Craig Martin stated, "Jacobs considers this partnership with IARPA to be of significant importance, and we look forward to supporting its initiatives to advance our nation's intelligence analysis expertise."

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 2010 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.

Michelle Jones

626.578.6968

SOURCE Jacobs Engineering Group Inc.