URS-Led Joint Venture Wins U.S. Postal Service Contract with Maximum Value of $275 Million over Ten Years.

SAN FRANCISCO -- URS Corporation (NYSE: URS) today announced that, through a joint venture formed with Parsons Brinckerhoff Construction Services, Inc., the Company has been awarded a nationwide Construction Management Support Services Contract (CMSSC) with the United States Postal Service (USPS). This contract is an indefinite delivery/indefinite quantity contract with the USPS Supply Management Facilities Portfolio Group to provide services for the USPS' Major Facilities Office (MFO) and the eight Facility Service Offices (FSOs) across the country.

Under the terms of the contract, as the USPS issues specific task orders, the joint venture will provide construction management assistance, design and design/construction management review services. The contract includes a two-year base period and two additional four-year option periods, for a total of ten years. The contract has a maximum value of $75 million over the two-year base period, and $275 million over the full ten years if both option periods are exercised.

Commenting on the contract win, Gary V. Jandegian, President, URS Division, said: "This is another significant win for URS, and one that reflects our leadership in the federal facilities market. We look forward to building on our longstanding track record of providing high-quality services to the U.S. Postal Service through our work on this important project."

URS Corporation offers a comprehensive range of professional planning and design, systems engineering and technical assistance, program and construction management, and operations and maintenance services for surface transportation, air transportation, rail transportation, industrial process, facilities and logistics support, water/wastewater treatment, hazardous waste management and military platforms support. Headquartered in San Francisco, the Company operates in more than 20 countries with approximately 26,000 employees providing engineering and technical services to federal, state and local governmental agencies as well as private clients in the chemical, manufacturing, pharmaceutical, forest products, mining, oil and gas, and utilities industries (www.urscorp.com).