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Jacobs Receives Joint Equipment Assessment Program (JEAP) Contract From the U.S. Marine Corps

Posted on: Tuesday, 2 December 2008, 06:45 CST

PASADENA, Calif., Dec. 2 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide Joint Equipment Assessment Program (JEAP) support to the Department of Defense and the United States Marine Corps. Work will be performed primarily in Albany, Ga. and at several other locations in the U.S. and worldwide.

Awarded under the General Services Administration (GSA) with one base year and four option years, this contract has a potential value of $89 million through April 2013. Jacobs has been the prime contractor for JEAP support services to the Marine Corps since 2004.

Under this contract, Jacobs will support Chemical, Biological, Radiological, Nuclear Defense (CBRND) equipment assessment and calibration; individual and collective protection; collection, assessment, storage, and disposal of excess CBRND Individual Protective Equipment; worldwide storage and issue facilities for the Marine Corps Consolidated Storage Program (CSP); and technical and program management support throughout the U.S. and abroad. Additionally, the contract encompasses logistics support activities for the Marine Corps Logistics Command Project Office for the Mine-Resistant Ambush-Protected vehicle system.

In making the announcement, Jacobs President and CEO Craig Martin stated, "We are always pleased and honored to have the opportunity to support the men and women of our military -- in this case, ensuring they have the resources they need to accomplish their missions. This contract enables us to continue this important relationship with our Marine Corps customer."

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.

SOURCE Jacobs Engineering Group Inc.

Source: PR Newswire

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