Press Release
| Jacobs Receives Contract to Provide Construction Management Services to the California Superior Court System |
PASADENA, Calif., March 13 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that they received a contract from the Judicial Council of California, Administrative Office of the Courts (AOC) to provide indefinite-delivery indefinite-quantity construction management services throughout the California Superior Court System. The contract is a critical part of the State of California's transfer of 450 court facilities from county to state ownership, pursuant to the Trial Court Facilities Act of 2002 (SB 1732). Many of these existing facilities require repair, modification, expansion, or replacement. The State has identified nine urgently needed court projects estimated to cost $1.2 billion. The long-term state-wide capital plan includes 181 court projects estimated to cost $9 billion. In making the announcement, Jacobs Group Vice President Warren Dean stated, "We are delighted to continue our relationship with the California court system. Our nationwide portfolio of courts projects enables us to provide the expertise and resources needed for such an undertaking." Jacobs, with over 45,000 employees and revenues approaching $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:
SOURCE: Jacobs Engineering Group Inc. |