URS-led Team Awarded Sellafield Contract Extension

  URS-led Team Awarded Sellafield Contract Extension

Business Wire

SAN FRANCISCO -- October 4, 2013

URS Corporation (NYSE:URS) today announced that a URS-led consortium has been
awarded a five-year contract extension by the UK Nuclear Decommissioning
Authority (NDA) for its engagement as the Parent Body Organization of the
Sellafield nuclear complex in West Cumbria, United Kingdom. The consortium,
Nuclear Management Partners, Ltd. (NMP), is an international team comprised of
URS, AREVA and AMEC plc.

Under the five-year extension, NMP will manage a scope of work with an annual
budget of approximately £1.8 billion, or approximately US$2.9 billion.

Martin M. Koffel, Chairman and Chief Executive Officer of URS, commented:
“URS’ core mission is to provide value to our clients while successfully
executing their most challenging and essential projects. We are proud of our
work at Sellafield, one of the most complex nuclear sites in Europe, and
pleased with the NDA’s decision to extend the contract. We understand the
unique challenges of this site, and are focused on delivering value while
safely accelerating the clean-up of Sellafield.”

Tom Zarges, Chairman of Nuclear Management Partners, said: “We are delighted
that NDA has chosen to extend our contract as the Parent Body at Sellafield.
While there are many challenges ahead, the team at Sellafield is the best
prepared of any in the world to meet these challenges and deliver safe,
accelerated high hazard clean up. Over the past five years, NMP stabilized
high-hazard facilities, began clean-up and retrievals years ahead of the
original schedule, achieved the best safety performance in site history, and
delivered hundreds of millions of pounds in efficiency savings. We continually
strive to provide superior performance and program execution in a safe,
reliable and cost-effective manner.”

The consortium entered into a contractual arrangement with the UK NDA in
November 2008 for the management and operations of the Sellafield sites. The
2008 contract had a five-year base term, with an option to extend the contract
periodically for a total of 17 years.

Sellafield is one of the largest and most complex nuclear sites in Europe,
storing and treating nuclear waste from both the UK’s military and civil
nuclear programs. Under the terms of the contract extension, the consortium
will continue to manage and operate, on behalf of the NDA, the reprocessing
and waste storage facilities at Sellafield, the former nuclear power stations
Calder Hall and Windscale (all in West Cumbria), and an Engineering Design
Center at Risley in Cheshire. NMP will continue to be responsible for services
that include commercial operations, waste management, support services,
decontamination and decommissioning and new construction projects at the
Sellafield sites.

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;
information technology; and decommissioning and closure services. URS provides
services for federal, oil and gas, infrastructure, power, and industrial
projects and programs. Headquartered in San Francisco, URS Corporation has
more than 50,000 employees in a network of offices in nearly 50 countries
(www.urs.com ).

Contact:

Investors
URS Corporation
Sam Ramraj, 415-774-2700
Vice President, Investor Relations
or
Media
US:
Sard Verbinnen & Co
Hugh Burns/Jamie Tully/Delia Cannan
212-687-8080
or
UK:
Citigate Dewe Rogerson
Patrick Donovan/Grant Ringshaw/Toby Mountford
+44 (0) 20 7638 9571
 
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