Jacobs Engineering Group Inc.
NYSE : JEC

Jacobs Engineering Group Inc.

August 23, 2005 07:45 ET

Jacobs Receives Air Force Design and Engineering Support Prime Contract

FT. WALTON BEACH, Fla.--(CCNMatthews - Aug 23, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a subsidiary company received a contract from the U.S. Air Force to provide rapid access to high-quality engineering and technical services. The Design and Engineering Support Program (DESP II), established primarily for use by the Air Force Materiel Command, is also available to all other Air Force Commands, Department of Defense agencies, and government entities having similar systems and needs.

As a DESP II prime contractor, Jacobs is one of ten companies approved to compete for work through this contract, which has a ceiling of $1.9 billion over a 7-year performance period. The Jacobs DESP II team includes 23 large business, small business, and academic partners offering a wide range of expertise.

In making the announcement, Jacobs President Craig Martin stated, "We are pleased to continue our long history of partnership with the U.S. Air Force. This contract allows us to strengthen our position with the Air Force and other government agencies who seek the unique engineering and technical expertise available through our team."

Jacobs, with over 35,000 employees and revenues exceeding $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.

Contact Information

  • Jacobs Engineering Group Inc.
    Rod Sharp, 626-578-6992