Mark Webber to stay with Jaguar Racing

Mark Webber has extended his contract at Jaguar Racing for another two years until the end of 2005. The 26-year-old Australian delighted his team bosses when his seventh place in the Spanish Grand Prix earned the team its first points of the campaign.

And Jaguar Managing Director David Pitchforth is well aware that Webber is considered to be one of Formula One's brightest prospects.

"Mark is an outstanding talent," said Pitchforth. "We see Mark as an integral part of our long-term development. I want people to realise how serious our intentions are.

"His natural abundance of skill and commitment provide a considerable impetus for the team to continue strengthening at all levels of the business."

Webber made the switch from Minardi this year and quickly helped turn round Jaguar's fortunes with his determination and technical ability.

And the Australian, who only joined the F-1 circuit two years ago, is keen to continue his development with the Ford-owned outfit.

"I hope that by making this announcement so early in the season, people will realise just how serious both our intentions are to firmly establish Jaguar's place in Formula One," said Webber.