Engineering, construction and technical services provider
) recently announced that it has received an
indefinite-delivery/indefinite-quantity (ID/IQ) contract from the
Naval Facilities Engineering Command, Atlantic, to accomplish
global contingency construction projects worldwide. URS
Corporation is one of the four awardees in this ID/IQ contract
worth about $800 million.
The contract has a span of five years, comprising one base
year with four one-year option periods. As per the terms of the
contract, URS Corporation will either need to bid or will be
awarded task orders by the U.S. Navy on behalf of the Department
of defense and other federal agencies.
The task orders under the contract will include providing
construction and engineering services related to natural
disasters, humanitarian assistance, conflict, or other projects
with similar features. Apart from major construction works, URS
Corporation is also expected to occasionally provide base
operating support services under specific task orders.
We believe that URS Corporation has the relevant skill and
expertise to render the services required for Navy's contingency
construction contracts. URS Corporation has a rich experience in
providing support to military on major engineering and
construction projects. Recently, it had also received an ID/IQ
multiple award contract from the U.S. Army Engineering and
Support Center, Huntsville, Alabama to provide design-build
services for the Medical Repair and Renewal Program in the
continental U.S. and abroad.
URS Corporation currently has a Zacks Rank #3 (Hold). Better
stocks within the industry that warrant a look includes
Michael Baker Corporation
Foster Wheeler AG
Pernix Group Inc.
). All three stocks carry a Zacks Rank #2 (Buy).
BAKER (MICHAEL) (BKR): Free Stock Analysis
FOSTER WHELR AG (FWLT): Free Stock Analysis
PERNIX GROUP (PRXG): Get Free Report
URS CORP (URS): Free Stock Analysis Report
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