Shaw Awarded Design-Build Multiple Award Task Order Contract by the U.S. Army Corps of Engineers.BATON ROUGE, La. -- The Shaw Group Inc. (NYSE NYSE See: New York Stock Exchange : SGR SGR Sustainable Growth Rate SGR Societa' di Gestione del Risparmio (Italian: Investment Management Company) SGR Specific Growth Rate SGR Surgeon General's Report SGR Soft Gamma-ray Repeater ) today announced that its Environmental & Infrastructure business unit has been awarded a design-build, indefinite delivery/indefinite quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) multiple award task order contract (MATOC MATOC Multiple Award Task Order Contract ) by the U.S. Army Corps of Engineers, Fort Worth District. Shaw is one of three contractors awarded the MATOC which has a combined overall program ceiling of approximately $100 million and a five-year term. Under the MATOC, Shaw may be selected to provide design and construction services for new and existing facilities primarily at Fort Bliss, Texas, as well as for a nine-state region in the southwestern and western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . This MATOC is an important link in the Army's Transformation, Base Realignment and Closure Base Realignment and Closure (or BRAC) is a process of the United States federal government directed at the administration and operation of the Armed Forces, used by the United States Department of Defense (DoD) and Congress to close excess military installations and realign (BRAC Brač (bräch), Ital. Brazza, island (1991 pop. 13,824), 152 sq mi (394 sq km), off the Dalmatian coast in the Adriatic Sea, Croatia. It is a popular summer resort and tourist spot. Supetar (Ital. ), and Global Reposition of Soldiers Programs. Under this contract, Shaw may provide rapid response design, construction, rehabilitation, and/or maintenance of military and civil real property. Responsibilities may include planning, design, total renovation, and installation/construction of HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free , plumbing, electrical, elevators, building envelope, fire protection, anti-terrorism/force protection (AT/FP AT/FP Antiterrorism/Force Protection ) systems. J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "Shaw is again pleased to provide expedited facility design-build services in support of the Army's major programs. We are committed to providing critical services to the U.S. military and this contract gives us another opportunity to further demonstrate the effectiveness of our design-build capabilities." The Shaw Group Inc. is a leading global provider of engineering, procurement, construction, technology, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. Headquartered in Baton Rouge, Louisiana For the Canadian restaurant, see . Baton Rouge (from the French bâton rouge), pronounced /ˈbætn ˈɹuːʒ/ in English, and , with over $4 billion in annual revenues, Shaw employs approximately 22,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit Shaw's website at www.shawgrp.com. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management "believes," "expects," "anticipates," "plans," or other similar expressions) and statements related to revenues, earnings, backlog, or other financial information or results are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company's web-site under the heading "Forward-Looking Statements". These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the company and announcements it makes from time to time on a regional basis visit our web site at www.shawgrp.com. |
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