URS Corp. (ticker: URS, exchange: New York Stock Exchange (.N))
News Release -
URS Awarded Department of Defense Contract to Support Contract Field Team Program
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 11, 2008--URS Corporation
(NYSE: URS) today announced that the Company is one of eleven firms
that has been selected for an award of an indefinite
delivery/indefinite quantity contract by the Department of Defense's
(DoD) Contract Field Team (CFT) program to provide depot and
organizational level inspection, maintenance, modification and repair
at operational government locations worldwide. The firms would manage
a scope of work with a maximum value of approximately $10.2 billion
over seven years.
Under the terms of the contract, URS will provide the DoD with a
broad range of maintenance and logistics related services in support
of weapons systems and associated components used by the DoD and other
federal agencies, at more than 60 sites worldwide. As part of this
contract, URS also will support fixed and rotary wing aircraft,
wheeled and tracked vehicles, and military support equipment. The CFT
program supports the active, reserve, and guard components of the U.S.
Army, U.S. Air Force, U.S. Navy, U.S. Marines, NASA, and the U.S.
"We are pleased to have been selected for this important contract,
which underscores our position as the leading provider of maintenance,
logistics and technical services to the U.S. military," said Randall
A. Wotring, President of the EG&G Division. "URS has a long history of
supporting the DoD and we look forward to expanding our relationship
through this assignment."
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).
CONTACT: URS Corporation
H. Thomas Hicks, 415-774-2700
Vice President & Chief Financial Officer
Sard Verbinnen & Co
Hugh Burns / Jane Simmons, 212-687-8080
SOURCE: URS Corporation