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Jacobs Receives $450 Million US Environmental Protection Agency Contract

J | August 3, 2023

Contract accelerates environmental cleanup and infrastructure restoration in the Great Lakes Area

Addresses and mitigates risk to public health, welfare and environment

DALLAS, Aug. 3, 2023 /PRNewswire/ -- Jacobs (NYSE:J) was awarded a $450-million Superfund and Great Lakes Architecture-Engineering Services indefinite delivery/indefinite quantity multi-award contract by the U.S. Environmental Protection Agency's (EPA) Great Lakes National Program Office and the Region 5 Superfund and Emergency Management Division to provide environmental, technical and management services and associated infrastructure tasks in the Great Lakes Area.

The five-year contract allows Jacobs to assist EPA's efforts to clean up and restore 22 of the 25 remaining Great Lakes Areas of Concern by 2030, an ambitious goal made possible by the Bipartisan Infrastructure Law. The work streamlines and accelerates both Superfund and Great Lakes Legacy Act (GLLA) environmental cleanups providing contaminated sediment evaluations, site management, remedial investigations, feasibility studies, remedial design activities, habitat restoration design and evaluation support, and remediation oversight for the lakes and surrounding infrastructure.

"With nearly 40 years of experience delivering U.S. EPA Superfund projects and nearly 20 years supporting EPA's Great Lakes National Program Office (GLNPO), Jacobs' differentiation in contaminated sediment clean-ups for environment and infrastructure projects represents our commitment to leaving our communities better than we found them," said Jacobs People & Places Solutions Senior Vice President & General Manager Federal & Environmental Solutions Susannah Kerr. "It also helps mitigate risk to human health in the U.S."

Jacobs' approach to Climate Response is focused on end-to-end solutions that are co-created with our clients in energy transition, decarbonization, adaptation & resilience and natural resource stewardship. Our work has been recognized by industry peers through five Environmental Business Journal achievement awards for leadership and outstanding performance and by Engineering News-Record ranking No. 1 in hazardous waste cleanup design globally in 2023.

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $15 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify 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 including, but not limited to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

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Kerrie Sparks
214.583.8433