Contract Has Maximum Value of $40 Million
(San Francisco, December 9, 2008) -- URS Corporation (NYSE:URS) today announced that it has been selected to provide on-going repair, recertification, refurbishment and technical support for the Navy Tactical Computer Resources (NTCR) program. The indefinite delivery/indefinite quantity contract has a 24-month base period, followed by three twelve-month priced options. If all options are exercised the contract has a five-year maximum value of $40 million to URS. There also are five additional option years, which currently are unpriced.
The scope of the legacy electronics contract includes providing depot repair support to the Naval Surface Warfare Center (NSWC), Crane Division, in Crane, Indiana, and the Naval Inventory Control Point in Mechanicsburg, Pennsylvania. The electronics are used in Navy standard computers, displays and peripherals used in navigation, communication and fire control systems embedded in most surface and subsurface combatants.
Commenting on the contract award, Randall A. Wotring, President of the EG&G Division, said: "We are very proud to have been selected to support the Navy in its effort to ensure the upkeep and readiness of critical legacy equipment. URS is a leading provider of engineering and electronics support to the Department of Defense and we look forward to continuing our work on the NTCR program."
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