Market Overview

Jacobs Awarded Contract from Eastman

Jacobs Engineering Group (NYSE: JEC) announced today that it has been selected to provide architecture, engineering and interior design services for Eastman Chemical Company's new Corporate Business Center in Kingsport, Tenn.

The new business center is part of Project Inspire, a $1.6 billion growth initiative that coincides with the Eastman centennial. Scheduled for completion in 2015, the Corporate Building Center modernizes and expands Eastman's corporate campus.

In making the announcement, Jacobs CEO Craig Martin stated, “We're very pleased that our strategic relationship with Eastman continues to progress. We value the opportunities we have to continue making significant contributions to their growth plan.”

Jacobs has worked on capital construction projects and provided program management services and site maintenance support for the Eastman Tennessee Operations Manufacturing Site in Kingsport under a continuous presence contract since 2010.

Eastman is a global specialty chemical company that produces a broad range of advanced materials, additives and functional products, specialty chemicals, and fibers that are found in products people use every day.

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.

Posted-In: News Contracts

 

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