URS JV Gets Orders

URS Corporation (URS - Analyst Report) announced that an alliance between URS and PBS&J has been awarded a contract by the Federal Emergency Management Agency (FEMA) to assist the agency in providing temporary housing and mass care solutions for the survivors of the disaster.

The five-year contract has a maximum value of $375 million for the alliance, in which URS is the managing partner.

The joint venture will be responsible for hauling and installing, the maintenance and deactivation of temporary mobile housing units, as well as the construction of temporary housing communities, as necessary. Additional responsibilities could include providing support for mass care initiatives, such as base camp development, food preparation and distribution and other life support functions as requested by FEMA.

URS Corporation provides engineering, construction, and technical services to the power, infrastructure, Federal, and industrial and commercial market sectors in the United States and internationally. Its services for power sector include the plan, design, engineer, construct, retrofit, and maintain a range of power-generating facilities; and the systems that transmit and distribute electricity, as well as the development and installation of clean air technologies that reduce emissions.

URS Corporation’s services for industrial and commercial sector includes front-end studies, engineering and process design, procurement, construction and construction management, facility management, and operations and maintenance, as well as due diligence, permitting, compliance, environmental management, pollution control, health and safety, waste management, and hazardous waste remediation.

It has a joint venture with Jacobs Engineering Group Inc. to provide general design support and construction management services to the U.S. Army Corps of Engineers. The company was formerly known as Broadview Research Corporation and changed its name to URS Corporation in 1976. URS Corporation was founded in 1904 and is headquartered in San Francisco , California . Major competitors are AECOM Technology Corporation (ACM - Snapshot Report), Fluor Corporation (FLR - Analyst Report) and KBR Inc. (KBR - Snapshot Report).

We currently have a Neutral recommendation on URS.

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