Shaw Awarded Contract to Support FEMA Disaster Assistance Program
May 27 2009 - 8:00AM
Business Wire
The Shaw Group Inc. (NYSE: SGR) today announced its
Environmental & Infrastructure Group has been awarded an
Individual Assistance Technical Assistance Contract (IA-TAC) by the
Department of Homeland Security�s Federal Emergency Management
Agency (FEMA). Shaw will provide comprehensive emergency
management, program management and construction, architectural and
engineering services in response to disasters and catastrophic
events in Texas, Louisiana, Arkansas, Oklahoma, New Mexico,
Missouri, Kansas, Iowa and Nebraska.
Shaw will support FEMA's ability to provide the highest level of
quality care for disaster victims, supplying immediate relief to
those in need of basic support in the areas of housing,
construction services, mass care and planning, staffing and
logistics.
The newly awarded five-year contract, which was part of a
multi-month, open procurement process, is valued at $375 million,
if all options are exercised. The amount included in the company's
third quarter fiscal year 2009 backlog of unfilled orders was not
disclosed.
"Shaw has been supporting FEMA and its disaster recovery efforts
for many years. We are pleased that FEMA recognizes Shaw�s ability
to help the federal government act quickly in responding to
disasters and providing quality support to victims anywhere in the
United States,� said George Bevan, president of Shaw�s
Environmental & Infrastructure Group. �As a leading emergency
response contractor strategically located throughout the U.S., Shaw
stands ready to support multiple, concurrent, and simultaneous
tasks, nationwide with a local workforce and small business support
in potentially affected areas.�
In 2005, Shaw supported FEMA�s IA-TAC program, opening more than
25 disaster recovery centers in response to hurricanes Katrina and
Rita to process approximately 184,172 disaster applications in 20
days. Shaw also constructed 59 group sites including 4,500 feet of
water/sewer lines, 3,550 feet of roads and two
2,000-gallons-per-minute wastewater treatment plants to provide
temporary housing to more than 20,000 families in seven months. In
response to Hurricane Ike in 2006, Shaw supplied temporary housing,
developed shelter operations and managed mass care, which included
preparation of more than 3.5 million meals.
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,
chemicals, environmental, infrastructure and emergency response
markets. A Fortune 500 company with fiscal year 2008 annual
revenues of $7 billion, Shaw is headquartered in Baton Rouge, La.,
and employs approximately 26,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region. Shaw is the power sector industry
leader according to Engineering News-Record's list of Top 500
Design Firms. 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.
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