THE SHAW GROUP

HomeWho We AreWhat We DoInvestor RelationsCareers

News Release

Printer Friendly VersionView printer-friendly version
<<Back
Shaw Awarded Contracts by Army Corps of Engineers and the Department of Agriculture

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.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SHAW GROUP INC's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.


Additional Information

Calendar of Events

Presentations

Archived News Releases


IR Services

Receive E-mail Alerts

Request Information

Contacts

Job Search Photo