October 10, 2018 - 7:45 AM EDT
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Jacobs Receives Contract Extension by Department of Energy for Environmental Cleanup at Hanford Site

DALLAS, Oct. 10, 2018 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) has been awarded a 12-month contract extension by the Department of Energy (DOE) for continued safe and efficient environmental remediation efforts along the Columbia River and selected portions of the Hanford site. The DOE announced its intention to extend Jacobs' existing 10-year contract from its original October 1, 2018 end-date through September 20, 2019.

"Our team brings considerable innovative solutions with unmatched capability for this important project," said Jacobs Aerospace, Technology, Environmental and Nuclear Senior Vice President of North American Nuclear Karen Wiemelt. "We stay committed to the Department of Energy in delivering results that are safe and efficient."

With an expanded scope, workers will continue to progress on demolition projects, retrieval of radioactive material, soil and groundwater remediation, and waste treatment and disposal. Additional scope has been added to the extension, such as completing 618-10 Burial Ground revegetation, performing slab removal on the Central Plateau, and maintaining the Fast Flux Test Facility (FFTF) complex safely and compliantly while also treating and disposing of sodium waste.

DOE said in the announcement of the extension, "Jacobs as the incumbent contractor is the only contractor who has the unique qualifications to continue the necessary activities at the DOE Hanford site without a break in service until award is made of the on-going competitive procurement."

Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2017 revenue when combined with full-year CH2M revenues and a talent force of more than 77,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.

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 Form 10-K for the year ended September 29, 2017, 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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Kerrie Sparks

Brian Morandi


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SOURCE Jacobs Engineering Group Inc.

Source: PR Newswire (October 10, 2018 - 7:45 AM EDT)

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