Shaw Selected as One of Seven Companies for Munitions Response Contract by U.S. Army Engineering and Support Center, Huntsville with First Year Shared Capacity of $525 Million.
BATON ROUGE, La.--(BUSINESS WIRE)--April 14, 2004
The Shaw Group Inc. (NYSE:SGR) announced today that its subsidiary, Shaw Environmental, Inc., was awarded a contract by the U.S. Army Engineering and Support Center, Huntsville to perform conventional and recovered chemical warfare materiel (RCWM) munitions response and other munitions related services. Shaw is one of seven companies selected under this contract which has a first year shared capacity of $525 million. An estimated 75% of the work may be in support of the Army's Iraq operations.
Shaw Environmental, Inc. is the prime contractor in a teaming arrangement that includes American Technologies, Inc. (ATI), a small disadvantaged business, Readiness Management Support LC (RMS), a wholly owned subsidiary of Johnson Controls, The Al-Khudhairy Group of Iraq, and the Armor Group.
The indefinite delivery, indefinite quantity contract has a five-year ordering period. Task orders will be issued on both a cost reimbursable and fixed-price basis. Tasks could include a wide range of munitions related operations, including site investigations or inspections, remedial investigations, engineering evaluations, remedial or removal actions, long term management, Munitions and Explosives of Concern (MEC), range clearance, demining operations, disablement of unconventional warfare explosive devises, site security, logistical life support and engineering management, and instructional capabilities support, as necessary, to permit the use of lands and waters for their intended purposes. Project locations will include DOD installations and other locations of interest to the government worldwide.
"We have been very successful in managing munitions response operations for our domestic clients. This award is exciting for The Shaw Group because it allows us to export our skills and capabilities to Iraq and other areas outside of the Continental United States," stated Diana Severs Ferguson, President of Shaw Environmental & Infrastructure, Inc. "The Shaw Group continues to broaden its scope internationally on all business lines and we anticipate leveraging our existing global infrastructure when possible."
The Shaw Group Inc. is a leading provider of consulting, engineering, construction, remediation, and facilities management services to government and private sector clients in the environmental, infrastructure, and emergency response markets. Shaw is also a vertically integrated provider of comprehensive engineering, consulting, procurement, pipe fabrication, construction, and maintenance services to the power and process industries worldwide. The Company is headquartered in Baton Rouge, Louisiana, and employs approximately 15,000 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 the Company's website at www.shawgrp.com.
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 website under the heading "Forward Looking Statement". 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 website at www.shawgrp.com.
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|Date:||Apr 14, 2004|
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