Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

January 06, 2005 07:45 ET

Jacobs Restarts Work on Large-Scale Biologic Manufacturing Facility for Biogen Idec


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: JACOBS ENGINEERING GROUP INC.

NYSE SYMBOL: JEC

JANUARY 6, 2005 - 07:45 ET

Jacobs Restarts Work on Large-Scale Biologic
Manufacturing Facility for Biogen Idec

PASADENA, Calif.--(CCNMatthews - Jan 6, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a
subsidiary company has restarted work on an engineering contract for
Biogen Idec's large scale biotechnology manufacturing facility in
Denmark.

Officials did not disclose the contract value but expect the facility to
be available for commercial production in 2008.

Jacobs is completing detailed engineering, providing procurement
assistance for major process equipment together with providing
construction support and validation services for mechanical completion
and start-up of the facility.

In making this announcement, Jacobs Group Vice President Phil Stassi
stated, "We are delighted to be part of this leading-edge, large-scale
manufacturing project and we look forward to supporting Biogen Idec in
their major strategic investment program."

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