URS Corp. (ticker: URS, exchange: New York Stock Exchange (.N))
News Release -
URS Awarded IRS Facility and Logistics ContractContract Has Maximum Value of $75 Million
SAN FRANCISCO--(BUSINESS WIRE)--URS Corporation (NYSE: URS - News) today announced that the Company's EG&G Division has been selected by the Internal Revenue Service to provide logistics support services for IRS facilities across the country. The indefinite delivery/indefinite quantity contract has a 10-month base period, followed by four one-year option periods. The maximum value of the contract, assuming all option periods are exercised, is $75 million.
Under the terms of the contract, URS can be assigned task orders to provide a variety of facility management and logistics services, including warehousing, transportation, repairs and work order processing, and oversee an associated management information system. URS has provided similar services for 725 remote IRS offices over the past nine years. This new contract extends the Company's services to essentially all IRS facilities, including the agency's Washington, D.C., headquarters, ten main campuses, and three computing centers.
Commenting on the award, Randall A. Wotring, President of the EG&G Division, said: "We are extremely pleased to have been selected for the facility and logistics services contract with the IRS. We believe our selection underscores the Company's strong performance on large logistics support contracts with several federal agencies, including the IRS, Departments of Defense and Treasury, NASA and the GSA. We look forward to working with the IRS on this important assignment."
URS Corporation offers a comprehensive range of professional planning and design, systems engineering and technical assistance, program and construction management, and operations and maintenance services for transportation, facilities, environmental, water/wastewater, industrial infrastructure and process, homeland security, installations and logistics, and defense systems. Headquartered in San Francisco, the Company operates in more than 20 countries with approximately 29,300 employees providing engineering and technical services to federal, state and local governmental agencies as well as private clients in the chemical, pharmaceutical, oil and gas, power, manufacturing, mining and forest products industries (www.urscorp.com).
H. Thomas Hicks
& Chief Financial Officer
Citigate Sard Verbinnen
Hugh Burns/Jamie Tully