URS Joint Venture to Provide Maintenance and Modification Services for Tennessee Valley Authority

URS Corporation - 12.02.2009

URS Corporation (NYSE: URS) today announced that G.UB.MK Constructors, a joint venture between URS, WorleyParsons and Williams Plant Services, has been approved by the Tennessee Valley Authority (TVA) Board for award of a contract to perform maintenance and modifications services at TVA electric generation facilities. The contract has a five-year base term and a total maximum value of $950 million to the joint venture over the base period.

Under the terms of the contract, the joint venture will provide services at seven of TVA’s coal-fired power plants and all of its hydroelectric facilities, which are located primarily in Tennessee, Kentucky and Alabama. Additional facilities covered by the contract are in North Carolina, Virginia and Mississippi.

“G.UB.MK Constructors has been safely executing complex plant maintenance, modifications and improvement projects at TVA’s generating facilities since 1991,” said Tom Zarges, President of URS’ Washington Division. “We greatly value TVA as a client, and we appreciate their recognition of G.UB.MK’s long-term commitment by expanding our scope of work.”

URS Corporation (NYSE: URS) is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. The Company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; and decommissioning and closure services. URS provides services for power, infrastructure, industrial and commercial, and federal projects and programs. Headquartered in San Francisco, the Company operates through three divisions: the URS Division, the EG&G Division and the Washington Division. URS Corporation has more than 45,000 employees in a network of offices in more than 30 countries (www.urscorp.com).

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