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URS Wins Five-Year Navy Contract Valued at Over $75 Million
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01/16/2005
SAN FRANCISCO--Aug. 19, 2003--URS Corporation (NYSE:URS - News) today announced that the Company's EG&G division has been awarded a contract with the U.S. Navy to provide engineering and technical services to the Theater Warfare Systems Department of the Naval Surface Warfare Center in Dahlgren, Virginia. Under the terms of the Detect/Engage Technical Engineering Support Program contract, EG&G will help the Navy integrate weapons systems on existing and future ships. The five-year, indefinite delivery/indefinite quantity contract has an estimated total value to URS of over $75 million.
Commenting on the contract win, Martin M. Koffel, Chairman and Chief Executive Officer of URS, said: "This is another important win for our EG&G division that further reinforces its position as a leading provider of outsourced engineering, technology and operations management services to the U.S. military. We are very pleased to be assisting the Navy in meeting our country's current and future defense requirements."
URS Corporation offers a broad range of planning, design, program and construction management, systems integration, and operations and maintenance services for transportation, hazardous waste, industrial processing and petrochemical, general building, water/wastewater, military facilities and equipment platforms, and security projects. Headquartered in San Francisco, the Company operates in more than 20 countries with approximately 25,000 employees providing engineering services to federal, state and local governmental agencies as well as private clients in the chemical, manufacturing, pharmaceutical, forest products, mining, oil and gas and utilities industries (www.urscorp.com).
