URS-Led Team Selected to Manage Yucca Mountain Project

URS Corporation announced that a team led by the Company has been awarded a contract by the U.S. Department of Energy (DOE) to manage the Yucca Mountain Project in Nevada. The team would manage a scope of work with a maximum value of approximately $2.5 billion, if all options are exercised. The performance based, cost-plus award-fee contract will cover a five-year base performance period, with an additional five-year option.

The URS-led team, USA Repository Services, LLC, includes the Washington Division of URS, Shaw Environmental and Infrastructure, Inc., and AREVA Federal Services, Inc. USA Repository Services, LLC, will be responsible for completing the detailed design of a nuclear waste repository, defending and updating a license application with the Nuclear Regulatory Commission (NRC), operating Yucca Mountain facilities prior to the NRC’s Construction Authorization, and supporting construction management and operation of the Yucca Mountain repository.

Tom Zarges, President of URS’ Washington Division said: “We are very pleased to have been selected for this project, which is vital to the future of nuclear power and energy independence for the United States. URS has a long history of supporting the DOE, and has managed many successful projects including the Waste Isolation Pilot Plant in New Mexico, the nation’s only operating deep geological nuclear waste repository. USA Repository Services, LLC, will bring together top talent from all three companies, with an unequaled track record designing and licensing nuclear facilities. We look forward to continuing our important work with the DOE.”

URS Corporation (NYSE: URS) is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. The Company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; and decommissioning and closure services. URS provides services for power, infrastructure, industrial and commercial, and federal projects and programs. Headquartered in San Francisco, the Company operates through three divisions: the URS Division, the EG&G Division and the Washington Division. URS Corporation has more than 50,000 employees in a network of offices in more than 30 countries (www.urscorp.com).