Jacobs Selected by Boeing for Project and Construction Management Contract

Supporting New State-of-the-Art Fabrication Facility

PASADENA, Calif.--()--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was selected by Boeing to provide Project Management and Construction Management services to support the design and construction of a new fabrication facility in Everett, Washington.

Under the terms of the contract, Jacobs is providing preliminary planning support, project management, construction management and project controls for the 1.2 million-square-foot Composite Wing Center for Boeing’s 777X, the newest member of its commercial airplane fleet.

Up to 2,000 construction professionals could be employed to build the facility. Construction is expected to begin in late 2014 and to be completed by mid-2016.

In making the announcement, Jacobs Group Vice President Tom McDuffie stated, “Technically complex facilities are the core of Jacobs’ buildings business, so we are delighted to have the opportunity to further strengthen our long relationship with Boeing. Our capabilities, reinforced by recent acquisitions, position us to effectively support Boeing on this significant and technically complex program.”

Jacobs is one of the world's largest and most diverse providers of technical professional and construction services.

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 2013 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.

Contacts

Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968

Release Summary

Jacobs is providing project management and construction management services to Boeing for the design and construction of its new 777X fabrication facility in Everett, Washington.

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Contacts

Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968