Jacobs Awarded Program Management for LSU Academic Medical Center

• Press Release
• Source: Jacobs Engineering Group Inc.
• On 7:45 am EDT, Tuesday October 27, 2009

PASADENA, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC - News) announced today its award to provide program management (PM) services for the new $1.2 billion (estimated $754 million in construction) Louisiana State University (LSU) Academic Medical Center in mid-town New Orleans. Projected at 1.6 million square feet, this state-of-the-art medical center will replace public hospital facilities lost to Hurricane Katrina, and is on a site adjacent to the planned new Veterans Affairs (VA) Medical Center. The project will include a 424-bed hospital, ambulatory care facility, 1,350 space parking structure and central plant facilities.

In making the announcement, Jacobs Group Vice President Tom McDuffie said, "This award bolsters our current national healthcare projects workload and complements our other active New Orleans work, including programs for the Recovery School District and Louisiana Army National Guard. The LSU Academic Medical Center will provide quality healthcare to the citizens of southeast Louisiana and support medical education training. We look forward to the opportunity to assist the State of Louisiana to deliver this critical recovery project."

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

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 2008 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:
        Michelle Jones
        626.578.6968

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