Jacobs Awarded Contract to Support U.S. Army Program Manager Mine Resistant Ambush Protected Vehicle Program — Press Release

by: Matthew Potter
March 16, 2011

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Jacobs Awarded Contract to Support U.S. Army Program Manager Mine Resistant Ambush Protected Vehicle Program

PASADENA, Calif., March 15, 2011 /PRNewswire/ — Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded a contract by the United States Army Tank-automotive and Armaments Command (TACOM) in Warren, Mich. to support the Program Manager Mine Resistant Ambush Protected (PM-MRAP) Vehicle program.

Officials estimate the contract value at up to $63 million over three years, inclusive of options.

Jacobs’ scope of services include providing program management, logistics, engineering, quality, administration, Department of the Army Systems Coordination and training development outside the continental United States (OCONUS) and within the continental United States (CONUS).

In making the announcement, Jacobs President and Chief Executive Officer Craig Martin stated, “This contract provides an excellent opportunity to build upon our longstanding relationship with the U.S. Army. We look forward to supporting its goals to develop, enhance, and sustain mission-critical vehicle systems.”

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 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 do not undertake to update any forward-looking statements made herein.

SOURCE Jacobs Engineering Group Inc.

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