Jacobs Wins Additional NASA Space Vehicle Parachute Testing Contract

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was tasked by the NASA Johnson Space Center under the JSC Engineering and Technical Services (JETS) contract to perform manned flight qualification testing on the parachute system for the Orion space capsule. The capsule is being developed for human deep space exploration.

In addition to testing, Jacobs’ role also includes the production, delivery and installation of the flight parachutes for the first Orion Exploration Mission (EM-1), a mission to circumnavigate the moon and return to Earth.

This task is valued at $40.3 million and is a continuation of ongoing parachute development / test work Jacobs has been performing for the Orion Program since 2006.

Jacobs recently completed the seventeenth and final engineering development test of the Orion parachute system in Arizona at the U.S. Army’s Yuma Proving Grounds. This test featured a dart-like vehicle reaching the descent speeds required to achieve the primary test objective of system performance at maximum dynamic pressure.

Since 2007, Jacobs has completed 38 full-scale parachute system tests for NASA. It also provided the parachutes for the successful Engineering Flight Test 1 (EFT-1) in 2014, where Orion reached an orbit of 3,600 miles above Earth.

In making the announcement, Jacobs Senior Vice President, Aerospace and Technology Ward Johnson stated, “It’s an honor for Jacobs to be associated with NASA on this exciting program that is ultimately expected to take humans into deep space and onto Mars. We have a long relationship with NASA, and we look forward to leveraging our experience in this area.”

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 60,000 people and operates in more than 30 countries around the world. For more information, visit www.jacobs.com.

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