Jacobs Agrees to Acquire Share in AWE Management Limited

PASADENA, Calif., Dec. 17 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has agreed to acquire a one-third share in AWE Management Limited (AWEML) from British Nuclear Fuels plc (BNFL).

Terms of the deal were not disclosed.

AWEML, a company founded in 2000, is a joint venture between BNFL, Lockheed Martin and Serco to manage the Atomic Weapons Establishment on behalf of the U.K. Ministry of Defence. Jacobs has been serving as a strategic supplier to AWE.

In making the announcement, Jacobs President and CEO Craig Martin stated, "We are excited to expand our strategic relationship with AWEML and become partners with Lockheed Martin and Serco. We are now able to offer the Ministry of Defence a much broader range of services to support their mission."

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 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:
John W. Prosser, Jr.
Executive Vice President, Finance and Administration
626.578.6803

SOURCE Jacobs Engineering Group Inc.

Web Site: http://www.jacobs.com