Jacobs Receives Navy Contract to Support Airborne Threat Simulation Organization

PASADENA, Calif., Jan. 20 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from the U.S. Navy to continue supporting the Airborne Threat Simulation Organization (ATSO) at Pt. Mugu, Calif.

The contract, with a total maximum value of $43.8 million, consists of a one-year base period and four one-year options and runs through December 2013.

Jacobs is supporting the ATSO and its various Department of Defense (DoD) customers to sustain existing and project future threat simulation requirements. Jacobs has supported the Navy in this work for the past 12 years.

The Jacobs team, which includes subcontractors Aegir, SA-TECH, and TESSADA, is performing the task order work via the SeaPort Enhanced contract vehicle.

In making the announcement, Jacobs President and CEO Craig Martin stated, "We are pleased to continue our long relationship with the Navy. We look forward to supporting them as well as other DoD customers in this effort, which is critical to our nation's current and future defense capabilities."

Jacobs, with over 57,000 employees and revenues exceeding $11.0 billion, provides technical, professional, and construction services globally.

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 2008 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