Shaw Awarded Task Order Contract by the U.S. Army Chemical Materials Agency.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 its Environmental & Infrastructure business unit has been awarded a Program and Integration Support (PAIS) IV Technical Services indefinite delivery/indefinite quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) contract by the United States Army Chemical Materials Agency The U.S. Army Chemical Materials Agency is a branch of the United States Army that overlooks chemical weapons and related issues. (CMA CMA - Concert Multithread Architecture from DEC. ). The CMA safely stores and destroys the nation's aging chemical weapons, effectively recovers the nation's chemical warfare materiel ma·te·ri·el or ma·té·ri·el n. The equipment, apparatus, and supplies of a military force or other organization. See Synonyms at equipment. , and enhances national security. Shaw's ID/IQ contract has a term of 5 years and a contract ceiling of $62 million. Under this contract, Shaw will continue to provide the Army's CMA with technical services including engineering design; chemical agent, industrial chemical, and pollutant monitoring services; technical analyses; quality assurance; safety, security, and identification and protection services; training; and testing in support of the safe elimination of chemical warfare materiel. J.M. Bernhard, Jr., Chairman, President and Chief Executive Officer of Shaw, said, "Shaw has supported the Army's mission for more than 15 years as a PAIS contractor and as a systems contractor for the Non-Stockpile Chemical Materiel Program. Over the years, we have completed tasks ranging from technology reviews to preparation of engineering and design data packages for this valued client, and Shaw is very pleased to continue its support of the CMA's programs." The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, 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 nearly $5 billion in annual revenues, Shaw employs approximately 21,000 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 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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