Jacobs Receives Modification Of Facility Operating Services Contract To Extend Services To The Former Mississippi Army Ammunition Plant

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a modification for its Facility Operations Service Contract (FOSC) at NASA’s Stennis Space Center (SSC) in Hancock County, Miss., adding facility operating services for the former Mississippi Army Ammunition Plant (MSAAP) following a 14 month transition.

The contract modification is valued at $15 million including award terms.

Under the terms of the contract modification, Jacobs provides facility operating services to include: engineering services; institutional services; facilities maintenance and operations; safety and mission assurance; environmental services; occupational health; logistics and maintenance; and administrative services for the MSAAP.

Ownership of the MSAAP was transferred to NASA in 2011 as a result of Base Realignment and Closure (BRAC) Commission actions. The 1.6 million square feet of facility space in what is now referred to as Area 9 is home to more than a dozen commercial and government tenants.

In making the announcement, Jacobs Group Vice President Terry Hagen stated, "We are pleased to continue to support Stennis Space Center’s unique federal city, providing facility operation and institutional services support for our NASA customers and their government, academic, and commercial tenants.”

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 2011 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.

Copyright Business Wire 2010

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