Press Release

Jacobs Receives $34.8 Million Contract Modification at NASA Ames

By SpaceRef Editor
September 9, 2008
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Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract modification of $34.8 million to provide aerospace testing and facilities operations and maintenance at NASA Ames Research Center at Moffett Field, Calif.

The modification will allow additional support for testing and facility operation, development projects, and the required maintenance and repairs on wind tunnels and other facilities at Ames. This modification brings the total value of the contract, which runs through July 31, 2009, to $123.8 million.

Jacobs has been providing these particular contract services to NASA Ames since 1998. Under a separate joint venture, Jacobs recently reactivated and currently operates NASA Ames’ National Full-Scale Aerodynamic Complex, the world’s largest wind tunnel, which had been out of commission for three years prior to reactivation.

In making the announcement, Jacobs President and CEO Craig Martin said, “Since we began operating NASA Ames’ 12-foot wind tunnel more than 40 years ago, we have enjoyed a productive relationship. We are certainly delighted to continue supporting Ames’ singular aerodynamic and aerothermal test capabilities.”

Jacobs, with over 55,000 employees and revenues exceeding $10.0 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. Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2007 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

SpaceRef staff editor.