Jacobs Receives Five-Year Contract Extension from Lockheed Martin

PASADENA, Calif., Aug. 21 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. announced today that it received a five-year contract extension from Lockheed Martin Corporation's Missiles and Fire Control business unit for design and construction management at their Sand Lake Road Facility in Orlando, Fla.

Officials did not disclose the contract value.

Jacobs has worked at the Sand Lake Road facility since 1992, providing fast-track design, design-build, and construction management services on a Guaranteed Maximum Price basis.

In making the announcement, Jacobs Group Vice President Warren Dean said, "We look forward to further leveraging our institutional knowledge to provide the best value for Lockheed Martin's capital program. Our one-of-a-kind understanding of their Sand Lake Road facility, systems, processes, and people increases efficiencies. From master planning through closeout, our Sand Lake Road team has driven down costs and shortened schedules."

Jacobs, with over 48,000 employees and revenues exceeding $8.0 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 2006 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.

For additional information contact: Mary Bloom 626.578.6992 (Logo: http://www.newscom.com/cgi-bin/prnh/20051021/LAJACOBSEGLOGO)
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