Jacobs Receives $250 Million Contract Ceiling Increase at NASA Marshall Space Flight Center

PASADENA, Calif., Aug. 11 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a $250 million ceiling increase to its Engineering, Sciences, and Technical Services (ESTS) contract at NASA Marshall Space Flight Center (MSFC) in Huntsville, Ala.

Originally valued at $542.5 million, this contract is now worth up to $792.5 million. The contract, which began on Oct. 15, 2005, consists of a one-year base period and four one-year options.

Jacobs is providing services across a wide range of engineering, technical, science, propulsion, program management, and business disciplines, including support to major NASA programs such as the Space Shuttle, the International Space Station, and the emerging Constellation program.

Through this and three predecessor contracts, Jacobs has provided continuous support to NASA MSFC since 1989. Jacobs received NASA's 2002 George M. Low Award--the agency's premier quality and performance award for contractors--for work at MSFC. The company has also won NASA MSFC's Contractor Excellence Award seven times. Jacobs' ESTS Group was named as one the "Best Places to Work" in Huntsville for 2008 and 2009 by the Huntsville/Madison County, Ala., Chamber of Commerce.

The Jacobs team supporting NASA MSFC under this contract includes six major subcontractors: All Points Logistics (Gainesville, Ga.); Triumph Aerospace Systems Group (Norfolk, Va.); ERC, Inc. (Huntsville, Ala.); Integrated Concepts Research Corporation (Alexandria, Va.); Qualis Corporation (Huntsville, Ala.); and Snyder Technical Services (Huntsville, Ala.).

In making this announcement, Jacobs President and CEO Craig Martin stated, "We are delighted to not only continue our partnership with NASA Marshall but to help this important customer expand its role in carrying out our nation's space exploration policy. The work this client performs is crucial toward the technological achievements necessary to sustain habitation on the moon and to send human expeditions to the moon and beyond."

This contract award continues Jacobs' long history of support to NASA, including current contracts at six other NASA centers: Langley Research Center, Johnson Space Center, Stennis Space Center, Kennedy Space Center, Glenn Research Center, and Ames Research Center.

Jacobs, with annual revenues exceeding $12 billion, 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 2007 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.

For additional information contact:
Michelle Jones
626.578.6968

SOURCE Jacobs Engineering Group Inc.

Web Site: http://www.jacobs.com