Back to top

Analyst Blog

Engineering, construction and technical services provider URS Corporation (URS - Analyst Report) 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 (FWLT - Analyst Report) and Pernix Group Inc. (PRXG). All three stocks carry a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.80 +7.04%
BANCO DO BR… BDORY 14.74 +5.66%
AIR INDUSTR… AIRI 9.99 +4.15%
EQT MIDSTRE… EQM 98.14 +3.38%
WEATHERFORD… WFT 23.64 +3.10%