Jacobs Receives Program Management Contract from City of Tallahassee.Business Editors TAMPA, Fla.--(BUSINESS WIRE)--July 8, 2003 Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (NYSE NYSE See: New York Stock Exchange :JEC) announced today that a subsidiary company and LPA LPA Lysophosphatidic Acid LPA Apolipoprotein (A) LPA Local Planning Authority LPA Locally Preferred Alternative LPA Local Planning Agency LPA Link Pack Area LPA Left Pulmonary Artery LPA Law of Property Act Group Incorporated received the Blueprint 2000 program management consultant contract from the City of Tallahassee, Fla. The base contract is for five years at $800 million and is funded by a one-cent local option sales tax In the United States, a Local Option Sales Tax (often abbreviated LOST) is a special-purpose tax implemented and levied at the city or county level. A local option sales tax is often used as a means of raising funds for specific local or area projects, such as improving . The contract also has a five-year option period and can be renewed annually thereafter until 2019. The Blueprint 2000 program is an interagency venture between the city of Tallahassee, Fla., and Leon County Leon County is the name of several counties in the United States:
Jacobs will provide engineering, planning, environmental management, roadway design, water resources, construction management, and construction engineering inspection services. In making the announcement, Jacobs Group Vice President Michael Higgins stated, "We are pleased and excited to be part of this important program. Our personnel are committed to providing exceptional value to the citizens of Tallahassee and Leon County for the Blueprint 2000 program to maximize their infrastructure investment." Jacobs, with over 35,000 employees and revenues approaching $5.0 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. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial filed as part of Exhibit 13 to the Company's 2002 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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