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Jacobs Receives Network Rail Design Framework Contract.

PASADENA, Calif., Aug. 21 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. announced today that it received a framework contract from Network Rail, the U.K.'s rail network owner and operator.

Officials estimate the contract value at $4 million per year for a maximum total of $12 million.

Jacobs is one of five multifunctional designers appointed nationally on the two-year framework agreement, which begins in 2007 and has an optional one-year extension.

Network Rail owns and operates the U.K.'s rail network and is responsible for maintaining and developing its tracks, signalling system, rail bridges, tunnels, level crossings, viaducts, and stations.

The contract, for track switch and crossings design, covers the London North-East and London North-West territories and will involve multidisciplinary input from Jacobs including project management, railway engineering, and environmental services.

In making the announcement, Jacobs Group Vice President Michael Higgins stated, "This framework contract builds on our relationship with Network Rail. We look forward to continuing to support Network Rail as they enhance and improve rail transport in the UK."

Jacobs, with over 48,000 employees and revenues exceeding $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:
 Mary Bloom


CONTACT: Mary Bloom of Jacobs Engineering Group Inc., +1-626-578-6992

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Publication:PR Newswire
Date:Aug 21, 2007
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