Jacobs Subsidiary Sverdrup Technology Awarded Secretary of the Air Force Technical and Analytical Support Contract.

Business Editors

TULLAHOMA, Tenn.--(BUSINESS WIRE)--Aug. 28, 2001

Jacobs Engineering Group Inc. (NYSE:JEC) subsidiary Sverdrup Technology, Inc, announced today that it has finalized its teaming arrangement with Anteon Corporation to provide professional, technical, and analytical services to the Assistant Secretary of the Air Force for Acquisition (SAF/AQ).

The contract is worth approximately $125 million for the base period and all options.

The three-year, cost plus award fee contract includes four three-year options. With a staff of approximately 75 employees, Jacobs Sverdrup provides acquisition management, systems engineering, program management, policy development, requirements analysis, space-based program support, financial and budget analysis, and strategic planning as a part of the Anteon Team. Specifically, Jacobs Sverdrup employees support the Joint Strike Fighter (JSF) and space-based programs.

Sverdrup Technology President Rogers Starr announced the contract finalization. "We have a longstanding relationship with the Air Force and look forward to continuing to support critical Air Force acquisition and advocacy processes that advance our nation's air superiority. We are honored to work with Anteon to provide a responsive and professionally superior level of support to SAF/AQ."

Anteon Corporation, headquartered in Fairfax, Va., is a leading information technology and engineering-solutions company, providing support to the federal government, and commercial and international sectors for 25 years. With annual revenues over $700 million, the company has more than 5,400 employees in over 80 offices worldwide.

Jacobs Engineering Group Inc. is one of the world's largest providers of professional technical services. With more than 20,000 home office employees, the company offers full-spectrum support to industrial, commercial, and government clients in diverse markets. Services include scientific and specialty consulting as well as all aspects of design, construction, and operations & maintenance.

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 filed as part of Exhibit 13 to the Company's 2000 Annual Report on Form 10-K.