Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

January 11, 2005 07:46 ET

Jacobs Receives Potash Corporation Contract


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: JACOBS ENGINEERING GROUP INC.

NYSE SYMBOL: JEC

JANUARY 11, 2005 - 07:46 ET

Jacobs Receives Potash Corporation Contract

PASADENA, Calif.--(CCNMatthews - Jan 11, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a
subsidiary company received a contract from a subsidiary of Potash
Corporation of Saskatchewan, Inc. for the expansion of its purified acid
plant in Aurora, N.C. This project represents the fourth manufacturing
train built by Jacobs at this site and will produce 90,000 tons per year
of purified phosphoric acid.

Officials did not disclose the contract value.

The contract scope includes basic and detailed engineering, procurement,
modular fabrication, and construction.

In making the announcement, Jacobs Group Vice President Pete Evans
stated, "We are pleased to collaborate once again with Potash
Corporation on this important fast-track project, which represents a
strategic market initiative in their existing industrial and specialty
phosphates business."

Jacobs, with over 35,000 employees and revenues approaching $5.0
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. Any forward-looking statements made
in this release represent management's best judgement as to what may
occur in the future. However, Jacobs' actual outcome and results are not
guaranteed and are subject to certain risks, uncertainties and
assumptions ("Future Factors"), and may differ materially from what is
expressed. For a description of Future Factors that could cause actual
results to differ materially from such forward-looking statements, see
the discussion under the section "Forward-Looking Statements" included
in Item 7 - Management's Discussion and Analysis of Financial Condition
and Results of Operations contained in the Company's 2004 Annual Report
on Form 10-K.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Jacobs Engineering Group Inc.
    Rod Sharp, 626-578-6992