Jacobs Receives $271 Million Basic Ordering Agreement from the Federal Aviation Administration

PASADENA, Calif., Dec. 7, 2010 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a basic ordering agreement (BOA) to provide design-build services at EnRoute Facilities for the Federal Aviation Administration (FAA).

Officials indicated that the maximum BOA value is $271 million for the entire performance period. The base period of performance begins the date of agreement award and lasts through sixty months, with two twenty-four-month options. If both options are exercised, the total performance period is expected to be nine years.

Jacobs' scope of work for the project includes design-build services to support the FAA's National Airspace System (NAS) and Capital Investment Plan (CIP). Design-build services for new and existing FAA facilities include strategic facilities planning, cost estimating, construction support, hazardous materials abatement and related services.

The EnRoute Facilities Planning and Modernization Program supports operations and service levels through facility life cycle program management of the nation's 21 Air Route Traffic Control Centers (ARTCC) and the Combined EnRoute Radar Approach Control Facilities (CERAPs) at San Juan, Puerto Rico and Guam.

In making the announcement, Jacobs Group Vice President Tom McDuffie stated, "Jacobs is delighted to be selected for this significant contract. We look forward to supporting the FAA in the design and construction of facilities that support the nation's air traffic control system."

Jacobs 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 2010 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.

Loading