Jacobs/HDR Joint Venture Receives Contract from NAVFAC Atlantic

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its joint venture with HDR received a single-award contract from the Naval Facilities Engineering Command (NAVFAC) Atlantic to provide architecture and engineering services at various locations worldwide.

Company officials disclosed that it is an Indefinite Delivery/Indefinite Quantity contract with a maximum order limit of $60 million over five years.

Under the terms of the contract, the joint venture is supporting the Sustainment, Restoration, and Modernization Program for U.S. Navy and other Department of Defense facilities and infrastructure.

The primary area of focus for this contract is the continental United States. In addition, the joint venture’s scope of work may include support to the entire NAVFAC area of responsibility, which includes the Caribbean, Europe, Africa, Western Asia, and multiple other geographies.

In making the announcement, Jacobs Group Vice President Tom McDuffie stated, “We have built strong relationships with our client, NAVFAC Atlantic, and our JV partner HDR over our years of working together to deliver innovative and efficient design and building solutions on DoD projects around the world. We are delighted to receive this contract that enables us to continue leveraging our capabilities and experience to provide superior value to NAVFAC Atlantic.”

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 2013 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.