Jacobs Receives Contract From National Grid in the UK

PASADENA, Calif., Nov. 30, 2010 /PRNewswire via COMTEX/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received three framework contracts from National Grid to provide project services over a three-year period to support their investment programs in the areas of gas transmission/distribution, carbon capture and storage and property.



Officials did not disclose the contract value.



Jacobs is expected to provide a full range of project services including project management; project controls; cost management; field services; health, safety and environmental management; and specialist disciplines. The scope of the framework projects includes the new build and up-rating of gas pipeline and compressor projects resulting from changing patterns of supply and demand, new CO2 transportation networks, and the clean up and disposal of surplus non-operational properties owned by National Grid.



The frameworks became effective in July 2010 and will run for an initial period of three years.



National Grid is an international electricity and gas company and one of the largest investor-owned energy companies in the world. The company delivers gas and electricity to millions of people across Great Britain and the north eastern United States.



In making the announcement, Jacobs Group Vice President Bob Duff stated, "We look forward to supporting National Grid's delivery of capital works as it rises to meet the changing energy landscape in the United Kingdom."



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 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

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SOURCE Jacobs Engineering Group Inc.