Press Release Apr 6, 2016

Jacobs Wins Patriot Excalibur Software and Systems Engineering Support Contract

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PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract from the U.S. Air Force to provide Patriot Excalibur (PEX) software and systems engineering support. The contract is valued at $36.5 million over three years.

The PEX software enables the integration of various functional areas of a squadron organization, improves the ability to share information and enhances situational awareness across operations.

PEX is based on the Agile software development methodology, and the U.S. Air Force PEX solutions utilize cloud computing and mobile technologies.

Under the terms of the contract, Jacobs is expected to provide expertise to help maintain the PEX software, deliver system engineering services and support field implementations to manage and track unit readiness of operations for more than 1,000 flying, non-flying and intelligence, surveillance, and reconnaissance (ISR) units. Services are to be delivered using development processes appraised at Capability Maturity Model Integration (CMMI)® Level 3.

In making the announcement, Jacobs Senior Vice President Aerospace and Technology Darren Kraabel stated, “Jacobs is proud to continue our longstanding work with the Air Force. As an Agile development early-adopter and leader, Jacobs has earned consecutive contract awards to support PEX for the Air Force since the program’s inception in 1998. With this new contract, Jacobs continues to be an innovator in merging the efficiencies of Agile development with Department of Defense acquisition requirements and Air Force policy.”

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160406005584/en/

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



Robin Shermer, 817.735.6284