Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

October 18, 2005 07:45 ET

Jacobs Receives Contract as Project/Program Manager for McAllen Independent School District Bond Program

PASADENA, Calif.--(CCNMatthews - Oct 18, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a subsidiary company was selected by the McAllen (Texas) Independent School District to provide project and program management services for their $97.8 million bond program.

Officials did not disclose the contract value.

The program involves several new structures including schools, a central food preparation facility, and maintenance and operations buildings as well as repairs and renovations to existing facilities. Jacobs is providing program execution planning, bid packaging and procurement, project controls, design and construction phase management, and coordination of facility commissioning and turnover.

In making the announcement, Jacobs Group Vice President Warren Dean stated, "We are delighted to work with McAllen Independent School District in their critical endeavor to relieve overcrowding and upgrade facilities. We understand the magnitude and importance of this program and we are confident we can help satisfy the needs of this community well into the future."

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