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URS-Led Team Selected to Manage Liquid Waste Contract at Savannah River Site

SAN FRANCISCO--(BUSINESS WIRE)--Dec. 8, 2008--URS Corporation (NYSE: URS) today announced that a joint venture led by the Company has been awarded the contract to manage the liquid waste portion of the Department of Energy's (DOE) Savannah River Site, located in Aiken, South Carolina. The performance based, cost-plus award-fee contract has a potential maximum value of approximately $3.3 billion to the joint venture over a six-year base performance period. The contract also includes an additional two-year option.

The URS-led team, Savannah River Remediation, LLC (SRR), was formed by URS' Washington Division, Bechtel National, Inc., CH2M Hill Constructors, Inc. and Babcock & Wilcox Technical Services Group, Inc. SRR will be responsible for the closure of waste tanks, the operation of the Savannah River Site's Defense Waste Processing Facility and its associated production and disposal facilities, and tank farm operations.

Tom Zarges, President of URS' Washington Division said, "We are pleased to have been awarded this contract. URS has a long history of supporting the DOE's environmental management and nuclear operations programs and has managed many successful projects at the Savannah River Site. Our extensive experience in liquid waste treatment includes vitrification of high-level waste and closure of waste tanks." Mr. Zarges continued, "We look forward to deploying new technologies and innovative ideas under this contract that we expect will deliver safe, results-oriented liquid waste management services to our client."

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 (

CONTACT: URS Corporation
H. Thomas Hicks, 415-774-2700
Vice President & Chief Financial Officer
Sard Verbinnen & Co
Hugh Burns/Jamie Tully/Jane Simmons, 212-687-8080

Source: URS Corporation