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Jacobs Completes Acquisition of Federal Network Systems

Companies mentioned in this article: Jacobs Engineering Group Inc.

PASADENA, Calif. -- (BUSINESS WIRE) -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it completed its acquisition of Federal Network Systems (FNS) headquartered in Ashburn, Va.

Company officials did not disclose the terms of the agreement.

FNS provides systems integration and communication, information technology and data security solutions for the global market; with particular focus on supporting the Intelligence Community, the Department of Defense, and federal civilian customers. Its workforce of more than 750 employees design, integrate, secure, operate and maintain highly complex mission critical voice, data, and video networks.

In making the announcement, Jacobs Group Vice President Robert Norfleet stated, “We are very pleased that FNS is now a part of Jacobs. We expect this acquisition to significantly enhance our capability in the growing Intelligence Community industry by augmenting our current service offerings in mission critical infrastructure design and commissioning; secure facility maintenance and operations; telecommunications and information technology solutions; and mission operations.”

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 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 actual results to differ materially from these forward-looking statements, including those contained in our 2013 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.

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Jacobs Engineering Group Inc.
John W. Prosser, Jr.
Executive Vice President, Finance and Administration