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Jacobs Receives $98 Million Option for U.S. Air Force Air Armament Center

Posted on: Tuesday, 8 September 2009, 11:50 CDT

PASADENA, Calif., Sept. 8 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received the third of four one-year options on a contract for the U.S. Air Force Air Armament Center (AAC) at Eglin Air Force Base, Fla., and other locations.

The option year, which begins October 1, has a potential value of $98.1 million. At award in December 2006, the contract had a potential value of $495 million over a five-year period, which includes a one-year base and four one-year options.

Jacobs provides technical and engineering acquisition support for weapons systems development and testing for the AAC. This includes systems engineering and integration support for conventional and non-conventional air-launched weapons systems; test and training range systems; and numerous air combat support systems. Jacobs has supported the Air Force on this program since its inception in 1986 and currently supports the program with a staff of more than 700.

Jacobs also provides specialty expertise in new and emerging technologies such as directed energy; weapons to counter hard and deeply buried targets; command, control, communication, computers, intelligence, surveillance, and reconnaissance; net-centric weapons targeting; counter chemical, biological, radiological, nuclear, and explosives; Universal Armament Interface; and unmanned aerial vehicles.

In making the announcement, Jacobs CEO and President Craig Martin stated, "As the requirements for air armament systems become more complex, the Air Armament Center's responsibility in delivering design, development, and test capabilities is increasingly critical. We are pleased to continue our support to AAC in its role as the center of excellence for the Air Force's most sophisticated munitions work."

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 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

(Logo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO)

SOURCE Jacobs Engineering Group Inc.

Source: PR Newswire

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