Jacobs Awarded Contract to Support UK Ministry of Defence

  Jacobs Awarded Contract to Support UK Ministry of Defence

    Leveraging Experience with Government-Owned, Contractor-Operated Model

Business Wire

PASADENA, Calif. -- June 11, 2013

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a
contract to provide integrated delivery advisor services to the Defence
Equipment and Support (DE&S) organization of the United Kingdom Ministry of
Defence (MOD).

Company officials did not disclose the contract value, but noted that under
the terms of the contract Jacobs is supporting the Materiel Strategy program
managed by DE&S.

The DE&S is responsible for administering and managing an annual budget of
approximately $28 billion (£18 billion) for equipment, equipment support and a
logistics acquisition program on behalf of the UK Armed Forces. The DE&S is
currently undertaking a major transformation program to improve business
performance by enhancing the structures, management and skills required for
the organization to supply the UK Armed Forces’ equipment requirements. As
part of its work to reform the acquisition system, the DE&S is assessing two
options: a private-sector-led government-owned, contractor-operated (GOCO)
model, and a restructured version of DE&S that stays within the public sector.

Drawing upon its breadth of experience and its global capabilities to deliver
complex projects, Jacobs is providing independent and informed industry
perspective to support the Materiel Strategy team as they asses the options.

Jacobs Group Vice President Bob Irvin stated, “We are delighted to continue
our strong relationship with the Ministry of Defence. We look forward to
leveraging our GOCO experience to support the DE&S in achieving their
strategic objectives.”

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 2012
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.

Contact:

Jacobs Engineering Group Inc.
Michelle Jones
626.578.6968
 
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