Date: May 29, 2008
Source: URS Corporation
Team Led by URS Corporation Selected to Manage Department of Energy Hanford Site
URS Corporation (NYSE: URS) today announced that a team led by the Company has been awarded the contract to manage the remediation of the U.S. Department of Energy's (DOE) radioactive and hazardous underground waste tanks located on the Hanford Site in southeastern Washington state. The performance based, cost-plus award-fee contract, valued by the DOE at approximately $7.1 billion, covers a five-year base performance period and an additional five-year option.
The team - Washington River Protection Solutions, LLC (WRPS) - is a new company formed by the Washington Division of URS and EnergySolutions with dedicated subcontractor AREVA. The WRPS team will be responsible for safely retrieving, treating, storing, and disposing of Hanford's tank farm waste and closing single shell tanks. Nearly 53 million gallons of highly radioactive and hazardous waste is stored in 177 underground tanks grouped in 18 farms at the 560-square-mile Hanford Site.
"We are delighted to have been selected as Hanford's Tank Operations contractor," said Tom Zarges, President of URS' Washington Division. "URS and all of our team partners have a long history of supporting the DOE in environmental management and nuclear operations, including many successful projects both past and present at the Hanford Site. We look forward to validating the trust placed in us by the DOE through this selection by delivering safe, quality, results-oriented performance on this project."
URS Corporation (NYSE: URS) is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. The Company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; and decommissioning and closure services. URS provides services for power, infrastructure, industrial and commercial, and federal projects and programs. Headquartered in San Francisco, the Company operates through three divisions: the URS Division, the EG&G Division and the Washington Division. URS Corporation has more than 50,000 employees in a network of offices in more than 30 countries (www.urscorp.com).
For more information, contact:
URS Corporation
H. Thomas Hicks, 415-774-2700
Vice President & Chief Financial Officer
or
Sard Verbinnen & Co
Hugh Burns/Jamie Tully/Jane Simmons
212-687-8080
Sign up to receive our free Weekly News Bulletin