GSA Awards Jacobs Houston Federal Building Modernization Contract

PASADENA, Calif., May 25 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded a contract by the U.S. General Services Administration (GSA) Region 7 to provide construction manager as agent and commissioning services for the modernization of the GT "Mickey" Leland Federal Building in downtown Houston.

Officials estimate the construction value to be approximately $70 million. Funding for the project is made available under the American Reinvestment and Recovery Act.

The 22-story, 496,285 square foot office tower occupies a full city block in the southwestern area of Houston's Central Business District. The 24-year-old building requires building system modernization, repairs and major upgrades to function properly. Work includes replacement of the building's window system; heating, ventilation and air conditioning modernization; accessibility improvements; and upgrades to the lobby plaza and garage. The building is 95 percent occupied with a variety of federal tenants and will remain fully operational during the anticipated four-year construction schedule. The building is targeted to meet a Silver Leadership in Energy and Environmental Design (LEED) certification, as defined by the US Green Building Council.

In making the announcement, Jacobs Group Vice President Tom McDuffie stated, "We are very pleased that GSA Region 7 has shown its confidence in our ability to deliver quality services to them by awarding us such a high profile, complex project. We value our relationship with GSA and look forward to helping them meet their goals."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

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 2009 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.

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SOURCE Jacobs Engineering Group Inc.