Printer Friendly

Shaw Awarded U.S. Army Corps of Engineers Military Munitions Services Contract.

BATON ROUGE, La. -- The Shaw Group Inc. (NYSE: SGR) today announced its Environmental & Infrastructure Group has been awarded a military munitions services contract by the U.S. Army Corps of Engineers, Baltimore District. Shaw is one of five companies selected for the indefinite delivery/indefinite quantity contract to support the Department of Defense (DoD) Military Munitions Response Program (MMRP). If all options are exercised, the total program for all contractors will approximate $180 million. The value of Shaw's contract, which will be included in the company's first quarter fiscal 2009 backlog of unfilled orders, was not disclosed.

Under its contract, Shaw will perform removal or remedial actions, munitions response and other environmental- and munitions-related services at formerly used defense sites, DoD base realignment and closure sites, active DoD installations and properties adjoining installations. For more than 20 years, Shaw has provided munitions response solutions to the DoD at locations in the U.S., Afghanistan, Iraq, Puerto Rico, Hawaii and Guam.

"Shaw is bringing its strong portfolio of environmental experience and Munitions and Explosives of Concern (MEC) expertise to continue supporting the DoD MMRP," said George P. Bevan, president of Shaw's Environmental & Infrastructure Group. "This contract further validates our growth in the MEC marketplace and ability to successfully provide turnkey environmental and MEC solutions to federal clients, while maintaining industry leading safety and quality performance standards."

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, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 26,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For further information, please visit Shaw's Web site at www.shawgrp.com.

The Private Securities Litigation Reform Act 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.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 11, 2008
Words:619
Previous Article:U.S. Army Awards AAI Sole-Source Contract for Continued Lightweight Small Arms Technologies Development.
Next Article:High Growth Reported for the China Vaccine.
Topics:

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters