Jacobs Subsidiary Wins Federal Bureau of Prisons Project.Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 21, 2001 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 its subsidiary Jacobs Facilities Inc. has been selected by the Federal Bureau of Prisons Noun 1. Federal Bureau of Prisons - the law enforcement agency of the Justice Department that operates a nationwide system of prisons and detention facilities to incarcerate inmates sentenced to imprisonment for federal crimes BoP to perform construction management support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services on a $100 million federal correctional institution Noun 1. correctional institution - a penal institution maintained by the government detention camp, detention home, detention house, house of detention - an institution where juvenile offenders can be held temporarily (usually under the supervision of a juvenile located in Williamsburg, S.C. Officials did not disclose the contract value. As advisor and consultant to the Federal Bureau of Prisons, Jacobs will inspect all construction trades and processes, assist in claims avoidance, and provide cost and schedule management. The facility's total building area will be approximately 45,000 square meters. In making the announcement, Jacobs Group Vice President Warren Dean stated, "We are excited to receive this award for this very important correctional facility. We believe this project will have an enormous positive economic impact on the local community, and we look forward to providing the Bureau with a first-class facility." 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 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 2000 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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