Jacobs Named Prime Designer on MTA's Penn Station Access

DALLAS, March 8, 2022 /PRNewswire/ -- Jacobs (NYSE:J) was selected by the Metropolitan Transportation Authority (MTA) as the Prime Designer for Penn Station Access, the largest expansion of Metro-North's regional railroad system in its history. Jacobs will design the expansion and support construction, which will be led by the Halmar International/Railworks Joint Venture (JV).

Penn Station Access will provide direct Metro-North service between the Bronx, Westchester and Connecticut to Penn Station on Manhattan's west side. The project includes the design of four new Americans with Disabilities Act (ADA) accessible stations in the Bronx, 19 miles of new and rehabilitated track, four bridge rehabilitations and the modernization of signal, power and communication infrastructure. Jacobs will develop a digital model that will allow for the visualization of the complex interfaces between the different facets of the project, enhancing coordination and constructability, as well as communication with the myriad of stakeholders.

"This transformative program will create sustainable and equitable transportation options to and from Manhattan for Bronx, Westchester and Connecticut residents and communities," said Jacobs People & Places Solutions Senior Vice President Gary Morris. "By collaborating with MTA and Halmar International/Railworks JV, we'll be able to deliver another mega-project for the State of New York that also supports Jacobs' commitment to creating a more connected, sustainable world."

Penn Station Access will use existing infrastructure along Amtrak's Hellgate Line and improve regional connections at Penn Station to the Long Island Railroad, New Jersey Transit and Amtrak. This project will strengthen the regional rail system, bridge communities and provide new commuting options for Bronx residents who are currently underserved by public transportation.

The project is expected to be completed in 2027.

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 $14 billion in revenue and a talent force of approximately 55,000, 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 as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. 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, including, but not limited to, the impact of the COVID-19 pandemic, including the emergence and spread of variants of COVID-19, the efficacy and availability of vaccines and treatments, and the related reaction of governments on global and regional market conditions and the company's business. 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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