AMEC, Parsons, URS to Compete on $252M Postal Service Program Mgmt IDIQ

MailTruck
The U.S. Postal Service has awarded positions on a potential six-year, $252 million contract to three companies for program management services. AMEC, Parsons Corp. and URS Corp. (NYSE: URS) will be responsible for helping the agency run programs and projects to maintain postal facilities, according to a June 12 FedBizOpps notice. The agency is requiring 42.2 percent of subcontracts for the program...

URS Details 2-Year Repurchase, Dividend Plan; Thomas Hicks, Martin Koffel Comment

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URS Corp. (NYSE: URS) has told investors that it plans to return $500 million of its capital to stockholders by the end of fiscal year 2015. The company will carry out the plan via share repurchases and dividends as part of its capital allocation strategy over the next two years, URS said Thursday. Chief Financial Officer H. Thomas Hicks said the company has repurchased more than 10 percent of its...

URS Wins Defense Dept Medical Countermeasure Subcontract; Mark Costello Comments

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URS Corp. (NYSE: URS) will provide project and construction management services to the Defense Department for a disease prevention program under a subcontract from Nanotherapeutics. The Medical Countermeasures Advanced Development and Manufacturing program involves construction of a new vaccine laboratory on 3.5 acres of land in Alachua, Fla., URS said Thursday. DoD aims for the MCM ADM program...

Deltek: $40B in Recompete Defense Contracts Up For Grabs

Pentagon
Defense Department components plan to offer three recompete contracts worth up to $40 billion combined starting this fall and continuing into the winter, the Washington Post reported Monday. Ashley Bergander writes both large and small companies could have an opportunity to participate in the bidding process for each of the contract vehicles set to be awarded by the Army, Air Force and Defense...

URS Corp. Contract to Support ‘Precision Attack’ Drones Now Worth $125.6M

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URS Corp.’s (NYSE: URS) technical services operations in Germantown, Md. has won a contract modification to continue to provide program support to unmanned aerial vehicles, or drones, that “provide warfighter long endurance, real-time reconnaissance and surveillance, and precision attack against fixed and time critical targets,” the Pentagon said Monday. The company will take in $14,219,315...

Four Companies Win Potential $800M Navy Construction IDIQs

NavyConstruction
The U.S. Navy has awarded four companies contracts worth up to $800 million combined for contingency construction projects worldwide over up to five years. Construction and related engineering services are intended in response to natural disasters, humanitarian needs and conflicts, the Defense Department said Friday. CH2M Hill Constructors, Environmental Chemical Corp., Kellogg Brown and Root Services...

URS to Help Build Army Healthcare Facilities Under $585M IDIQ; Gary Jandegian Comments

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URS Corp. (NYSE: URS) has won a position on a potential $585 million contract to design and build healthcare facilities for the U.S. Army in domestic and overseas locations. The indefinite-delivery/indefinite-quantity contract contains one base year and four option years, URS said Tuesday. Under the Medical Repair and Renewal Program, the company will compete for task orders to help install and maintain...

URS FY 2012 Revenue Up 15, 4Q Jumps 24%; Martin Koffel Comments

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URS Corp. (NYSE: URS) has announced financial results for its full 2012 fiscal year ended Dec. 28, 2012. The San Francisco-based engineering and government contractor reported $10.97 billion in revenue for the full year, a 15-percent increase over fiscal 2011 figures. Fourth quarter 2012 revenue increased 24.2 percent over the prior year period to $2.97 billion. Profit rose to $70.6 million over fourth...

URS’ Mark Cabrey on CFO Role Evolution, Apptis Merger

Mark Cabrey As vice president of finance for URS Corp.’s federal services division, Mark Cabrey handles budgeting, cash management and other financial aspects for the division’s systems engineering and information technology unit. In a recent interview with our sister site ExecutiveBiz, Cabrey described his responsibilities and the process by which he came over to URS. He joined URS upon...

URS Names ManTech, TASC Vet Debbie Thurman Contracts VP

Debbie Thurman URS Corp. (NYSE: URS) has appointed Debbie Thurman vice president of contracts and procurement for the federal services division, the company announced Tuesday. She previously served as ManTech International Corp.’s (NASDAQ: MANT) senior vice president of corporate contracts and deputy for the systems engineering and advanced technology group. Before ManTech, she served as vice...

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