URS Awarded DoD Contract to Support Contract Field Team Program(San Francisco, August 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. Coast Guard.
The Global Military Infrastructure and Logistics Market 2012-2022
"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."
Source : URS Corporation