Press Release
| Jacobs Receives Contract from San Francisco Bay Area Rapid Transit District |
PASADENA, Calif., April 17, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that they received a general engineering services contract from the San Francisco Bay Area Rapid Transit District (BART), California, to support its Capital Improvement Program and other BART projects. The contract is valued at $15 million. Jacobs will furnish professional engineering services for five years, which includes engineering and procurement activities and related work. Jacobs will manage and work in conjunction with other consultant team members and BART staff to support BART projects. With this contract, Jacobs provides engineering services for facilities (station and buildings); train control systems; traction power systems; controls and communications; mainline and yard infrastructure; automatic fare collection; parking and inter-modal access; and computer hardware and software. In 2004, BART was named the #1 Transit System in America by the American Public Transportation Association. In making the announcement, Jacobs Group Vice President Allyn Taylor stated, "We are excited to again partner with BART to help implement their Capital Improvement Program. This award shows our focus on developing long- term relationships with our clients. We are confident in our ability to help BART complete this program and meet its program needs." 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. Mary Bloom of Jacobs Engineering Group Inc., +1-626-578-6992 http://www.prnewswire.com |