The Defense Department has awarded an aggregate $950M contract to four firms including URS (NYSE: URS) to provide services to the Cooperative Threat Reduction Program, which promotes cooperative efforts between the U.S. and other countries to safeguard and eliminate weapons of mass destruction.
URS won an indefinite delivery/indefinite quantity multiple award contract to provide training, engineering, facilities management and management services. The contract has a five-year base term and a one-year option period.
“We are pleased to have been selected for this contract, which highlights URS’ experience and expertise in handling chemical, biological and nuclear materials,” said Randall A. Wotring, president of federal services for URS. “We look forward to broadening our relationship with the Defense Threat Reduction Agency and helping to further advance this important initiative.”