URS Joint Venture Awarded U.S. Army Corps of Engineers Contract Contract Has Maximum Value of $90 Million to Joint Venture
SAN FRANCISCO--May 26 ,2009 --URS Corporation (NYSE: URS) today announced that a joint venture between URS and Jacobs Engineering Group Inc. has been awarded an indefinite delivery/indefinite quantity contract to provide general design support and construction management services to the U.S. Army Corps of Engineers (USACE), New Orleans Hurricane Protection Office. URS has an 85% share in the joint venture. The contract consists of a one-year base period, followed by four one-year options, during which the joint venture would compete for task orders with a maximum contract value of $90 million over five years, if all priced options are exercised.
The joint venture will provide services that will contribute to the reconstruction of New Orleans following the damages caused by Hurricane Katrina. Task orders will include design support, construction management services, and other support work for new or existing structures, such as navigational locks, flood control structures, pumping stations, marine structures, roadways, bridges and buildings in and around the city.
Gary V. Jandegian, President of the URS Division said: "We are delighted by this award, which reflects our strong capabilities in the areas of design and construction services and expands our long-standing relationship with the Army Corps of Engineers. We look forward to continuing to work with the Corps and are especially proud to be assisting with projects that will contribute to the restoration of New Orleans."
URS Corporation (NYSE: URS) is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. The Company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; and decommissioning and closure services. URS provides services for power, infrastructure, industrial and commercial, and federal projects and programs. Headquartered in San Francisco, the Company operates through three divisions: the URS Division, the EG&G Division and the Washington Division. URS Corporation has more than 50,000 employees in a network of offices in more than 30 countries (www.urscorp.com ).
Contacts URS CorporationSam Ramraj, 415-774-2700Vice President, Investor RelationsorSard Verbinnen & CoHugh Burns/Jamie Tully/Jane Simmons212-687-8080
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