URS Gains on Deal Win from USPS

Zacks Equity Research
November 15, 2013

Shares of  URS Corporation (URS) increased 1.5% on Thursday following the company’s announcement on Wednesday that it was one of the three companies to have won an indefinite delivery/indefinite quantity contract from U.S. Postal Service (USPS). The total value of the contract is approximately $252 million and has two years base period with a couple of two-year option periods.

The scope of the contract requires URS to win task orders for providing program management services for the 32,700 USPS facilities across the nation. These services include design, construction and construction management. URS will also be developing a project and a program management system that will enable speedy communications and efficient supply chain management while also streamlining the administration work.

URS has been providing diverse services to U.S. Postal Service that includes employee training, studies for risk management, field sampling. The company also established a Unified Incident Command center for USPS for countering the anthrax attacks. Most recently, URS has been providing services to develop an Integrated Emergency Management Program for USPS.

URS provides a wide range of construction management and technical services for several industries including manufacturing, chemical, pharmaceutical, mining and others. The company excels in providing core services that include everything from engineering roads and harbor to risk management for military weapons systems. The company services government entities as well as private and institutional clients.

URS currently has a Zacks Rank #3 (Hold). Other companies that can be considered at the moment include AO Smith Corp. (AOS), Jacobs Engineering Group Inc. (JEC) and Quanta Services, Inc. (PWR). While AO Smith Corporation carries a Zacks Rank #1 (Strong Buy), Jacobs Engineering Group and Quanta Services has a Zacks Rank #2 (Buy).

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