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Jacobs Receives Facility Operating Services Contract at NASA's Stennis Space Center

Posted on: Tuesday, 7 August 2007, 09:15 CDT

PASADENA, Calif., Aug. 7 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. announced today that it received a contract from NASA to provide facility operations services at Stennis Space Center (SSC), near Bay St. Louis, Miss.

With a maximum potential value of $561 million, the 10-year cost-plus-incentive-fee contract has a three-year base period with seven potential one-year award terms.

Through this contract, Jacobs will provide facility engineering, maintenance and operations, and institutional services to support NASA's missions at SSC. They will also support programs for more than 30 other Federal and state agencies located at SSC that share and utilize the Center's facilities and services.

In making the announcement, Jacobs President and CEO Craig Martin said, "We are committed to the success of the NASA Stennis Space Center, and we are pleased to expand our support to this important client. We also look forward to providing responsive services for SSC's resident agencies and contractors, who are engaged in highly diversified and critical programs."

Jacobs currently supports SSC through the Test Operations Contract, with responsibility for test planning and test operations; test facility management, design, modification, and operation; technology development and insertion; and maintenance. They also hold major contracts at seven other NASA sites: Johnson Space Center (Texas), Marshall Space Flight Center (Ala.), Langley Research Center (Va.), White Sands Test Facility (N.M.), Ames Research Center (Calif.), Kennedy Space Center (Fla.), and Glenn Research Center (Ohio).

Jacobs, with over 48,000 employees and revenues exceeding $8.0 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 2006 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: Mary Bloom 626-578-6992 (Logo: http://www.newscom.com/cgi-bin/prnh/20051021/LAJACOBSEGLOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20051021/LAJACOBSEGLOGO

Jacobs Engineering Group Inc.

CONTACT: Mary Bloom of Jacobs Engineering Group Inc.,+1-626-578-6992

Web site: http://www.jacobs.com/


Source: PRNewswire-FirstCall

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