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Jacobs Receives Program Management Contract From The Port of Houston Authority

Posted on: Tuesday, 16 December 2008, 06:45 CST

PASADENA, Calif., Dec. 16 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from The Port of Houston Authority to provide program management services for Phase 2 of their $1.4 billion Bayport Terminal project.

Officials did not disclose the contract value.

The Port of Houston is a 25-mile-long multi-modal complex of diversified public and private facilities. Jacobs will manage and coordinate the planning, design, and construction for $300 million of improvements at the Bayport terminal, including expansions of the containership wharf and container yards, an inter-modal freight yard, a container freight station, and various other roadway and rail facilities.

In making the announcement, Jacobs Group Vice President Robert M. Clement stated, "We are pleased to serve the Port of Houston in this major capital undertaking. Our port and maritime experience spans the globe and this multi-year assignment gives us a chance to share global best practices locally."

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: Michelle Jones 626.578.6968

(Logo: http://www.newscom.com/cgi-bin/prnh/20051021/LAJACOBSEGLOGO)

SOURCE Jacobs Engineering Group Inc.

Source: PR Newswire

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