Jacobs Receives Five-Year Contract From Millennium Challenge Corporation

PASADENA, Calif., Oct 05, 2010 /PRNewswire via COMTEX/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a five-year indefinite delivery/indefinite quantity (IDIQ) contract to provide a broad range of professional services to the Millennium Challenge Corporation (MCC).

The contract has a maximum value of $50 million.

Under the terms of the contract, Jacobs will provide architectural and engineering services, as well as implementation planning and environmental support to MCC in Africa, Eurasia, Latin America and the Middle East. Jacobs' global presence provides a strong foundation to support MCC's results-driven development model by providing services on-site around the world. Jacobs has a history of supporting MCC projects in Armenia, Georgia, Ghana, Lesotho and Tanzania.

MCC, established by the United States Congress in 2004, is an innovative and independent U.S. foreign aid agency that is helping to lead the fight against global poverty. To date, MCC has approved over $8 billion in compact and threshold programs that support projects in developing countries in sectors such as transportation, irrigation, education and water sanitation.

In making the announcement, Jacobs Group Vice President Kevin McMahon stated, "MCC's mission of fighting poverty through sustainable economic growth is unique and commendable.Through past partnerships with MCC, Jacobs learned first hand the critical role a reliable infrastructure has in reducing poverty for communities around the world. We look forward to the positive developments that will be achieved through this contract."

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 2009 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.