The Shaw Group Inc. (NYSE: SGR) today announced its Environmental &
Infrastructure Group has been awarded an Indefinite Delivery/Indefinite
Quantity (IDIQ) contract by the Department of Defense (DoD) to support
its U.S. Navy fuel system operations. The scope of Shaw’s contract
includes engineering, inspection and construction services at U.S. Naval
Facilities Engineering Service Center Petroleum, Oils and Lubricants
(POL) sites at DoD facilities around the world.
Shaw will support the sustainment, restoration and modernization
requirements on projects, including designing, building, engineering,
inspecting, testing and constructing POL fuel systems and various
components.
Shaw is one of five firms selected to compete on task orders with a
maximum contract value of $350 million, if all options are exercised,
through 2014. The value of this award, which will be included in the
company’s fourth quarter fiscal year 2009 backlog of unfilled orders,
was not disclosed.
“The Department of Defense relies on POL sites globally to strengthen
combat readiness through facilities lifecycle support,” said George
Bevan, president of Shaw’s Environmental & Infrastructure Group. “Shaw’s
delivery of sound engineering and management solutions enhances DoD
readiness and cost efficiencies with respect to energy supply,
distribution, and consumption.”
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.
