Contract Has Maximum Value of $43 Million to URS
(San Francisco, February 6, 2009) -- URS Corporation (NYSE:URS) today announced that it has been selected to provide program management, acquisition and logistical support services to the U.S. Marine Corps Systems Command's Program Office for Engineer Systems. The contract, which includes a one-year base period followed by two one-year options, has a maximum value of $43 million to URS, if all options are exercised.
Under the terms of the contract, URS will assist the Marine Corps in the acquisition, fielding and sustainment of equipment used for several Marine Corps programs and activities including, Mobility and Countermobility (MCM), Construction and Material Handling Equipment (CE/MHE), Engineer Support Equipment (ESE), and Lifecycle support.
Randall A. Wotring, President of URS Corporation's EG&G Division, commented: "We are proud to have been selected to support the U.S. Marine Corps in this critical effort to outfit our service men and women with the systems and equipment necessary to complete their missions. URS is a leading provider of acquisition and engineering support services to the Department of Defense, and we look forward to continuing our longstanding relationship with the Marine Corps through this important program."
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