URS Corporation (NYSE:URS) today announced that the Company is part of a partnership with Capita, which has entered into a contract with the U.K. Ministry of Defence (MoD) to manage the U.K.’s national and international defence estate portfolio. The overall contract has a value of approximately £400 million, or $670 million, to the partnership over the ten-year base period. The partnership is led by Capita plc working in conjunction with URS and PA Consulting.
As the strategic business partner for the Defence Infrastructure Organisation (DIO), the partnership will lead the management and transformation of the UK’s national and international defence infrastructure. It will build on existing plans to increase efficiencies, reduce running costs and deliver best value to U.K. taxpayers, while managing the provision of MoD training facilities and the allocation of housing for service personnel. The team will also assist in the rationalization of assets and deliver capital projects on behalf of the MoD.
Randall A. Wotring, President, Federal Services for URS, said: “We are pleased to be part of the partnership with Capita and PA Consulting and look forward to utilizing our expertise and broad capabilities to help the MOD reach its long-term strategic objectives. URS brings extensive experience in facilities and project management, infrastructure design and logistics to the partnership – both in the U.S., for clients such as NASA and the departments of Defense and Energy, and internationally, for clients such as the UK’s Ministry of Justice, Department for Transport and Transport for London.”
Source: URS Corporation
Date: Jun 4, 2014