Company profile
URS, based in the United States, is a fully integrated engineering, construction and technical services organisation offering programme management; planning, design and engineering; systems engineering and technical assistance; information technology; construction and construction management; operations and maintenance; and decommissioning and closure services. ((URS, “About us”, Website URS (www.urscorp.com/About_URS/index.php), viewed May 2014.)) In July 2014, Aecom announced that it would acquire URS in a US$ 6 billion deal, which is expected to be completed in October 2014. ((Aecom-URS, “AECOM to acquire URS Corporation for US$56.31 per share in cash and stock”, July 13, 2014 (http://aecom-urs.com/media/2014/07/AECOM-URS-Press-Release.pdf), viewed 1 September 2014.))
In the financial year ending 3 January 2014, URS generated revenues of US$ 11.0 billion (€ 8.0 billion), resulting in an operating income of US$ 591 million (€ 431 million) and a net income of US$ 247 million (€ 180 million). ((URS, “Annual Report 2013”, URS, March 2014.))
[/toggle] [toggle title=”Contact Information”]| Website: | Twitter: |
| http://www.urs.com | @URSCorp |
Nuclear weapons
The Lawrence Livermore (LLNL) and Los Alamos National Laboratories (LANL), jointly managed by Babcock & Wilcox, University of California, Bechtel and URS Corporation, play an important role in the research and design of nuclear weapons. ((Babcock & Wilcox, “Lawrence Livermore National Laboratory (LLNL)”, Website Babcock & Wilcox (www.babcock.com/about/Pages/Lawrence-Livermore-National-Laboratory-(LLNL).aspx), viewed May 2014;
Babcock & Wilcox, “Los Alamos National Laboratory (LANL)”, Website Babcock & Wilcox (www.babcock.com/about/Pages/Los-Alamos-National-Laboratory-(LANL).aspx), viewed May 2014;
National Nuclear Security Administration, “Our locations”, Website National Nuclear Security Administration (/nnsa.energy.gov/aboutus/ourlocations), viewed May 2014;
Union of Concerned Scientists, “Lawrence Livermore National Laboratory”, Union of Concerned Scientists, November 2012 (www.ucsusa.org/assets/documents/nwgs/nuclear-weapons-complex/livermore-fact-sheet.pdf).))
LANL is responsible for monitoring the safety and reliability of the US nuclear stocks. The laboratory is engaged in the design and production of nuclear weapons. ((Mello, G., “The US nuclear weapons complex: Pushing for a new production capability”, The Bulletin, 20 March 2008 (thebulletin.org/us-nuclear-weapons-complex-pushing-new-production-capability), viewed May 2014;
Bechtel, “US National Laboratories”, Website Bechtel (www.bechtel.com/u.s._national_laboratories.html), viewed May 2014.)) The contract of the consortium to manage the LANL’s nuclear and other operations has a total value of US$14 billion (€ 10 billion). ((URS, “Los Alamos National Laboratory”, Website URS (www.urscorp.com/Projects/projView.php?s=803&sec=31&pn=3), viewed May 2014.))
LLNL also engages in research, design and development of nuclear weapons. Stewardship of the US nuclear weapons stockpile is the foremost responsibility of the facility. ((Bechtel, “US National Laboratories”, Website Bechtel (www.bechtel.com/u.s._national_laboratories.html), viewed May 2014;
National Nuclear Security Administration (NNSA), “Lawrence Livermore National Laboratory (LLNL): Nuclear design and engineering and high explosive research & development (R&D)”, Website NNSA (nnsa.energy.gov/sites/default/files/nnsa/inlinefiles/LivermoreFactSheet.pdf), viewed May 2014;
Defense Nuclear Facilities Safety Board, “Lawrence Livermore National Laboratory”, Website Defense Nuclear Facilities Safety Board (www.dnfsb.gov/about/where-we-work/doe-defense-nuclear-facilities/lawrence-livermore-national-laboratory), viewed May 2014.)) The Stockpile Stewardship programme is meant to sustain and modernize the US nuclear weapons stockpile through surveillance, assessment, life extension and dismantlement efforts. ((US Department of Energy, “FY 2012 Stockpile Stewardship and Management Plan”, US Department of Energy Report to Congress, 15 April 2011 (www.fas.org/programs/ssp/nukes/nuclearweapons/SSMP-FY2012.pdf).))
For both labs, URS claims responsibility for managing the labs’ nuclear and other technically complex operations. ((URS, “Lawrence Livermore Laboratory”, Website URS (www.urs.com/projects/lawrence-livermore-laboratory/) , viewed May 2014;
URS, “Los Alamos National Laboratory”, Website URS (www.urscorp.com/Projects/projView.php?s=803&sec=31&pn=3), viewed May 2014.))
In April 2014, URS received a modified incremental funding contract with a maximum total possible amount of US$ 40 million with the US Navy to provide electronics systems support for the Trident system. ((URS, “Amendment of Solicitation/Modification of Contract”, Website URS (http://www2.urscorp.com/seaportenhanced/sows%5CN00178-04-D-4042-FC24_1398183651.pdf) ))
[/toggle][toggle title=”Investors”]The following financial institutions have made approximately 7559 million USD available to URS since January 2011.
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- Affiliated Managers Group
- AJO
- American Century Companies
- Artisan Partners
- AXA
- Bank of America
- Barclays
- BB&T Corporation
- BlackRock
- BMO Financial
- BNP Paribas
- California Public Employees’ Retirement System
- Citigroup
- City National Corporation
- Comerica
- Crédit Agricole
- DePrince Race & Zollo
- Dimensional Fund Advisors
- E.SUN Financial
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- Earnest Partners
- Fidelity Investments
- Fidelity Worldwide Investment
- First Trust Advisors
- Geode Capital Management
- Greenlight Capital
- Guggenheim Capital
- HSBC
- Jana Partners
- JPMorgan Chase
- Legg Mason
- LSV Asset Management
- M&T Bank Corporation
- Mega Financial
- Mitsubishi UFJ Financial
- Mizuho Financial
- Morgan Stanley
- National Financial Partners
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- New Jersey Department of the Treasury
- New Mountain Capital
- New York State Common Retirement Fund
- Northern Trust
- Norwegian Government Pension Fund – Global
- Old Mutual
- Power Financial Corporation
- Pzena Investment Management
- Raymond James Financial
- Royal Bank of Scotland
- Seizert Capital Partners
- State Street
- Sumitomo Mitsui Financial
- SunTrust Banks
- US Bancorp
- Vanguard
- Wedge Capital Management
- Wells Fargo
- Westpac Banking
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