URS Team to Manage Radioactive Waste on Potential $1B Contract; Robert Zaist Comments

A URS Corp.-led (NYSE: URS) team has won a potential $1.3 billion Energy Department contract to operate a radioactive waste isolation pilot plant near Carlsbad, New Mexico.

The San Francisco-based company said the Nuclear Waste Partnership subsidiary will start work Oct. 1 under the potential 10-year contract, which has five base years and a five-year option.

URS and Babcock & Wilcox Technical Services Group Inc. formed the subsidiary and signed AREVA Federal Services as a major subcontractor.

URS has helped DOE manage and operate the Carlsbad plant since 1985, said Robert Zaist, president of energy and construction.

The subsidiary will coordinate transportation of hazardous materials to Carlsbad and classify the materials.

The plant is the only underground repository approved for permanent disposal of transuranic radioactive waste and is located in a 2, 150-foot-deep salt formation.

URS also recently won a potential $56 million contract for Navy command, control, communications, collaboration, computers and intelligence operations.

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