Shaw Awarded Department of Defense Energy Support Contracts
June 02 2009 - 8:00AM
Business Wire
The Shaw Group Inc. (NYSE: SGR) today announced its
Environmental & Infrastructure Group has been awarded multiple
contracts by the Department of Defense�s Defense Energy Support
Center (DESC) for the support, procurement and management of
petroleum resources used by the U.S. military. The value of Shaw�s
contracts, which was included in the company's third quarter fiscal
year 2009 backlog of unfilled orders, was not disclosed.
Shaw�s scope of work under the eight five-year contracts
includes comprehensive environmental assessment, remediation and
emergency response support services throughout the northeastern and
southeastern U.S. These services will enhance management of
military base infrastructure and fuels procurement, distribution
and logistics at Defense Fuel Support Points in Charleston, S.C.;
Fort Hood, Texas; Tampa, Fla.; Jacksonville, Fla.; Hunter Army
Airfield in Savannah, Ga.; Verona, N.Y.; Melville, R.I.; and the
Fuels Installation Service Center in Norfolk, Va.
�Improved environmental performance, optimized use of existing
infrastructure and increased energy savings are critical to
Department of Defense operations at Defense Fuel Support Points,�
said George Bevan, president of Shaw�s Environmental &
Infrastructure Group. �Shaw�s expanding position as a leading
Defense Energy Support contractor further demonstrates our ability
to deliver cost-effective environmental, infrastructure and
management services to the federal government.�
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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