Jacobs Wins AFCEE Contract.Business Editors PASADENA, Calif.-(BUSINESS WIRE)--July 18, 2000--Jacobs Engineering Group Inc. (NYSE NYSE See: New York Stock Exchange :JEC) announced today that it has been awarded a contract with the Air Force Center for Environmental Excellence (AFCEE AFCEE Air Force Center for Environmental Excellence AFCEE Air Force Center for Engineering and the Environment ), Brooks AFB AFB abbr. acid-fast bacillus AFB Acid-fast bacillus, also 1. Aflatoxin B 2. Aorto-femoral bypass , Texas. Jacobs is one of twelve firms which will be under contract for a program that has a total value of $480 million. The best estimated quantity is $40 million with a contract ceiling amount of $200 million. On this multiyear contract, Jacobs will provide Title I, Title II, and other architect-engineering (A-E A-E, AE above-elbow; see under amputation. ) services to administer, coordinate, and technically support environmental programs of Air Force installations worldwide. The work includes all efforts necessary to manage and execute Title I, Title II, and other A-E services for restoration, pollution prevention, compliance, and conservation environmental projects. Jacobs began providing environmental engineering and design services to AFCEE in 1991, when the company received its first Installation Restoration Program (IRP See Interest rate parity line. ) contract, and has received awards from AFCEE totaling $600 million. Jacobs is now one of AFCEE's largest environmental engineering and remediation contractors. Jacobs President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Noel Watson stated, "We are very proud to receive this award, which allows us to continue supporting AFCEE's mission of providing indispensable environmental support on Air Force programs. Over the years, we've gained AFCEE's confidence by continuously improving the quality of our services and by adding value to their projects. We've also focused on forging a strong, long-term relationship. This award perpetuates our relationship with AFCEE, one of our most valued clients." 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. is one of the world's largest providers of professional technical services. With annual revenues exceeding $3 billion, 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 project execution 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 and Other Safe Harbor Applications" 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 1999 Annual Report on Form 10-K. |
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