Jacobs Receives Contract from U.S. Air Force Air Armament Center at Eglin AFB

Nov 29, 2011, 07:45 ET from Jacobs Engineering Group Inc.

PASADENA, Calif., Nov. 29, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a follow-on contract to provide advisory and assistance services for the Air Armament Center (AAC) at Eglin Air Force Base (AFB), Fla. through the Technical and Engineering Acquisition Support (TEAS) 6 contract.

The contract contains a ceiling of $662 million. The contract has a total ordering period of 3 years, with task order execution commencing December 11.

Jacobs' support of the Air Force on this program dates back to its inception in 1986. With a staff of nearly 600 personnel, Jacobs provides technical expertise to help AAC develop, acquire, test, deploy and sustain air delivered munitions. The scope of work includes systems engineering and integration support of virtually all USAF air-launched weapon systems; test and training range systems; and numerous air combat support systems.

The Jacobs team includes subcontractors Qualis Corporation and Bevilacqua Research Corporation (BRC).

In making the announcement, Jacobs President and Chief Executive Officer Craig Martin stated, "We are proud to continue our long-standing relationship with the USAF's Air Armament Center. We look forward to supporting the integrated research, development, acquisition, test and evaluation activities necessary to assist AAC in delivering state of the art weapons to the warfighters."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2011 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 do not undertake to update any forward-looking statements made herein.

For additional information contact: Michelle Jones 626.578.6968

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SOURCE Jacobs Engineering Group Inc.



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