BATON ROUGE, La.--(BUSINESS WIRE)--Oct. 9, 2007--The Shaw Group
Inc. (NYSE: SGR) announced today that its Environmental &
Infrastructure Group has been awarded a Multiple Award Task Order
Contract (MATOC) by the U.S. Army Corps of Engineers (the Corps), and
two design and build contracts by the Forest Service agency of the
U.S. Department of Agriculture.
Shaw was selected for the MATOC to complete task orders in support
of the Savannah District's on-going military missions and to support
requirements related to the Army's Transformation, Base Realignment
and Closure (BRAC) and Global Reposition of Soldiers Programs as
needed. Shaw is one of four contractors selected for the vehicle
maintenance complex contract, which has a three-year term. The value
of Shaw's contract, which has already been included in the company's
backlog, was not disclosed.
As for the two Forest Service agency contracts, Shaw will provide
construction of four buildings totaling 23,000 square feet, which
includes an office building, warehouse, fire station and crew quarters
at the Lost Lodge Ranger Station in Cloudcroft, N.M. Shaw also will be
responsible for site work, utilities, parking lot and hazmat building
pad construction. The value of Shaw's contract, which has already been
included in the company's backlog, was not disclosed. The New Mexico
projects are expected to be completed by July 2008.
Shaw's second Forest Service agency contract includes demolition
of existing buildings, utilities, site features and construction of
three buildings totaling 21,650 square feet at the Verde Ranger
Station in Camp Verde, Ariz. Shaw also will be responsible for site
improvements and utilities construction. The value of Shaw's contract,
which will be included in the company's first quarter fiscal year 2008
backlog, was not disclosed. The work is expected to be completed by
October 2008.
Both Forest Service agency contracts require that the facilities
be designed and constructed to comply with applicable codes,
standards, and principles of sustainability and obtain a Leadership in
Energy and Environmental Design (LEED) certification at the Silver
level, as well as achieve an Energy Star rating for all buildings.
"Shaw is pleased to have been selected to provide these critical
design and construction capabilities to support the Army's mission,"
said J.M. Bernhard Jr., Shaw's chairman, president and chief executive
officer. "We've worked successfully with the Savannah District for
more than 10 years and we are committed to providing timely, cost
effective, and quality services and products for the vehicle
maintenance facility complexes throughout the Corps' South Atlantic
Division area of operations.
"We also are pleased to be the first contractor to work with the
Forest Service Region Three on these design-build contracts," said
Bernhard. "With the significant emphasis by many federal agencies and
private companies to build 'green' and deliver LEED-certified
projects, this type of project further strengthens our position in the
sustainable design and construction marketplace."
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation and facilities management
services for government and private sector clients in the energy,
chemical, environmental, infrastructure and emergency response
markets. A Fortune 500 company with nearly $5 billion in annual
revenues, Shaw is headquartered in Baton Rouge, La., and employs
approximately 25,000 people at its offices and operations in North
America, South America, Europe, the Middle East and the Asia-Pacific
region. For further information, please visit Shaw's Web site at
www.shawgrp.com.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. The statements
contained herein that are not historical facts (including without
limitation statements to the effect that the Company or its management
"believes," "expects," "anticipates," "plans" or other similar
expressions) and statements related to revenues, earnings, backlog or
other financial information or results are forward-looking statements
based on the Company's current expectations and beliefs concerning
future developments and their potential effects on the Company. There
can be no assurance that future developments affecting the Company
will be those anticipated by the Company. These forward-looking
statements involve significant risks and uncertainties (some of which
are beyond our control) and assumptions and are subject to change
based upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. A description of some of the risks and uncertainties that
could cause actual results to differ materially from such
forward-looking statements can be found in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on the
Company's Web site under the heading "Forward-Looking Statements."
These documents are also available from the Securities and Exchange
Commission or from the Investor Relations department of Shaw. For more
information on the company and announcements it makes from time to
time on a regional basis, visit our Web site at www.shawgrp.com.
CONTACT: The Shaw Group Inc.
Financial Contact:
Chris Sammons, 225-932-2546
or
Media Contact:
Sean Clancy, 225-987-7129
SOURCE: The Shaw Group Inc.
