Jacobs Receives Contract From Los Angeles World Airports to Provide On-Call Professional Construction Support Services

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Aug 17, 2010, 07:45 ET

PASADENA, Calif., Aug. 17 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received an award from Los Angeles World Airports (LAWA) to provide on-call professional construction support services for various airport and capital improvement projects at Los Angeles International Airport (LAX), LA/Ontario International Airport (ONT) and Van Nuys Airport (VNY).

The contract has a maximum value of $25 million.

LAWA's staff currently manages, programs, plans, designs and supervises the construction of a variety of projects at LAX, LA/ONT and VNY. However, due to the number of construction projects currently handled by LAWA's engineering and capital development staff, as well as the complexity of upcoming projects, LAWA has decided to use the services of qualified consultants to assist with managing the construction of various projects at their airports. Assignments will be executed on a cost plus fixed fee task order basis.

The Capital Improvement Program for Fiscal Years running through 2013 includes approximately 30 projects and programs with estimated construction costs that range from $350,000 to $700 million, having construction commencement dates through December 2011.

In making the announcement, Jacobs Group Vice President Tom McDuffie stated, "We will help LAWA continue to provide best-in-class services and facilities for its passengers, tenants and airlines while we support the preservation of one of the region's main economic engines."

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.