BATON ROUGE, La.--(BUSINESS WIRE)--Dec. 5, 2003--The Shaw Group
Inc. (NYSE:SGR) announced today that its subsidiary, Shaw
Environmental, Inc., was awarded a contract by the Air Force Center
for Environmental Excellence (AFCEE) to provide a full range of
integrated environmental and construction services at various
locations worldwide. Shaw Environmental, Inc. is one of 22 companies
selected under this contract which has a potential shared value of $4
billion.
The indefinite delivery, indefinite quantity contract has a
five-year ordering period. Shaw Environmental, Inc. is the prime
contractor in a teaming arrangement that includes ADVENT
Environmental, Inc., C.F. Jordan, L.P., and Enterprise Engineering,
Inc. The contract will be implemented through task orders performed on
both a cost reimbursable and fixed-price basis. Tasks could include a
wide range of environmental remediation and construction projects,
including facilities and infrastructure maintenance; demolition,
repair and construction projects; military family housing and
community development projects; and emerging requirements such as
homeland security and emergency response. Project locations will
include Air Force installations and other locations of interest to the
government worldwide.
"We have a long history of supporting the U.S. military and we
look forward to continuing our relationships with AFCEE, the U.S. Air
Force, and other DOD clients by bringing Shaw's expertise to the
important projects this contract outlines," stated Diana Severs
Ferguson, President of Shaw Environmental and Infrastructure, Inc.
"Shaw's eleven year relationship with AFCEE has included consecutive
architect-engineering and remedial action contracts. We are excited to
expand our service offerings to them through these upcoming global
environmental engineering and construction projects."
The Shaw Group Inc. is a leading provider of consulting,
engineering, construction, remediation, and facilities management
services to government and private sector clients in the
environmental, infrastructure, and homeland security markets. Shaw is
also a vertically integrated provider of comprehensive engineering,
consulting, procurement, pipe fabrication, construction, and
maintenance services to the power and process industries worldwide.
The Company is headquartered in Baton Rouge, Louisiana, and employs
approximately 14,800 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 the Company's website at
www.shawgrp.com.
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 website under the heading "Forward
Looking Statement". 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
website at www.shawgrp.com.
CONTACT: The Shaw Group Inc., Baton Rouge
Investor Relations:
Laurie LaChiusa, 225-932-2500
www.shawgrp.com
SOURCE: The Shaw Group Inc.
