Jacobs Awarded $350M Environmental Restoration Contract

DALLAS--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) has received a single-award contract from the U.S. Army Corps of Engineers New England District (USACE NAE) to provide environmental remediation and restoration, technical support and facility maintenance at the New Bedford Harbor Superfund Site (NBHSS) in New Bedford, MA. Jacobs has supported NAE in this capacity at the site since early 2004.

The indefinite delivery/indefinite quantity (ID/IQ) remedial action contract has a capacity value of $350 million.

“With our in-depth understanding of cleanup objectives from more than 12 years of effectively handling NBHSS’ unique conditions and challenges, we’re pleased to be working with USACE NAE to complete the next phase of harbor remediation,” said Jacobs Senior Vice President Aerospace and Technology Ward Johnson. “We expect the technical and management approaches used by our team will enable the site to meet the final cleanup objectives cost effectively and in a reasonable timeframe.”

New Bedford Harbor, home to a large commercial fishing fleet, is one of the oldest recreational and commercial navigation harbors along the East Coast of the United States. The USACE was requested by the US Environmental Protection Agency (EPA) to clean up PCB-contaminated sediments from the harbor. The contamination is the result of waste discharged from the 1940s through the 1970s by two electrical capacitor manufacturing plants. The USACE has been supporting EPA on this project since the mid-1980s.

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2015 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 do not undertake to update any forward-looking statements made herein.

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Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

Salim Rahimi, 214-583-8428