Morrison Knudsen Awarded Design/Build Contract for New Embassy in Uganda.

BOISE, Idaho--(BUSINESS WIRE)--Oct. 7, 1999--

The Department of State and Morrison Knudsen Corporation (MK) of Boise, Idaho, today announced the award of a design/build contract for a new embassy facility in Kampala, Uganda, to MK, with the architectural firm of RTKL Associates, Inc., headquartered in Baltimore, Maryland, as the design member of the team.

The team has established an aggressive 15-month completion schedule for construction of the 4,130 square meter facility. The contract value is $22.2 million.

The project was kicked off with a partnering workshop that included the MK design/build team; officials from the Department of State, led by the Deputy Assistant Secretary of the Office of Foreign Buildings Operations; and officials from the embassy in Kampala, including the American Ambassador to Uganda. The common goal is to ensure that a safe and secure facility is provided on schedule and within budget.

Dennis R. Washington, MK chairman, president and chief executive officer, remarked, "We look forward to this opportunity to serve the U.S. Department of State's Office of Foreign Buildings Operations with the same level of commitment and performance that MK provided for the fast-track design and construction of the Interim Office Building in Nairobi, Kenya."

MK has completed numerous overseas projects for the Department of State over the last decade and a half.

Morrison Knudsen Corporation (NYSE:MK) has 23,500 employees at work in more that 35 countries serving the energy, environmental, government, heavy-civil, industrial, mining, nuclear-services, operations and maintenance, process, transportation, and water-resources markets as an engineer, constructor and program manager.

This news release contains "forward-looking statements" within the meaning of the private securities litigation reform act of 1995, which are identified by the use of forward-looking terminology such as "may," "will," "could," "should," "expect," "anticipate," "intend," "plan," "estimate," or "continue" or the negative thereof or other variations thereof. Such forward-looking statements are necessarily based on various assumptions and estimates and are inherently subject to various risks and uncertainties, including risks and uncertainties relating to the possible invalidity of the underlying assumptions and estimates and possible changes or developments in social, economic, business industry, market, legal, and regulatory circumstances and conditions and actions taken or omitted to be taken by third parties, including the corporation's customers, suppliers, business partners, and competitors and legislative, regulatory, judicial, and other governmental authorities and officials.