Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



URS and KBR to Participate in $800 Million Construction Contract

The Department of Defense issued 14 separate contract awards to defense contractors Friday. Of these, the largest was "an indefinite-delivery/indefinite-quantity, multiple award contract with provisions to issue cost-plus-award-fee or firm-fixed-price task orders for global contingency construction projects worldwide." (Say that three times fast)

This umbrella contract authorizes four separate contractors -- privately held CH2M Hill Constructors and Environmental Chemical Corp, and publicly traded KBR (NYSE: KBR  ) and URS (UNKNOWN: URS.DL  ) -- to bid for individual task orders under it. In total, across the contract's one-year "base period" and the up to four subsequent one-year optional extensions, this contract is estimated to have a maximum dollar value of $800 million. It is not to exceed 60 months in duration and so should expire in June 2018.

DoD says that "approximately 60 percent" of the funds will be spent on responding to natural disasters, with the remaining and 40% of funds going to "miscellaneous work both inside and outside of the continental United States."

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2491621, ~/Articles/ArticleHandler.aspx, 9/26/2016 8:14:26 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:02 PM
KBR $14.50 Up +0.10 +0.69%
KBR CAPS Rating: *****
URS.DL $0.00 Down +0.00 +0.00%
URS CAPS Rating: *****