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URS Corporation
600 Montgomery Street, 26th Floor
San Francisco, CA 94111-2728
www.urs.com




                                    A WORLD
                                    OF EXPERIENCE
                                    URS CORPORATION
                                    2010 ANNUAL REPORT
THE COMPANY                                                        TABLE OF CONTENTS                                                 CORPORATE INFORMATION

URS Corporation is a leading provider of                           FINANCIAL HIGHLIGHTS 	                                     1
                                                                                                                                     CORPORATE OFFICE                                                                 ANNUAL MEETING
                                                                   CHAIRMAN’S LETTER TO STOCKHOLDERS 	                        2
engineering, construction and technical ser-                                                                                         600 Montgomery Street, 26th Floor                                                The Annual Meeting of Stockholders of URS Corporation will be
                                                                   A WORLD OF OPPORTUNITY	                                    4
vices for public agencies and private sector                       A WORLD OF TALENT	                                         9
                                                                                                                                     San Francisco, CA 94111-2728
                                                                                                                                     Tel: 415.774.2700
                                                                                                                                                                                                                      held at 9:00 A.M. on Thursday, May 26, 2011, at the offices of Cooley
                                                                                                                                                                                                                      LLP, 101 California Street, 5th Floor, San Francisco, California.
companies around the world. The Company                            A WORLD OF EXPERTISE	                                     19      Fax: 415.398.1905
                                                                                                                                     E-mail: investor.relations@urs.com                                               STOCK LISTING
offers a full range of program management;                         A WORLD OF SUCCESS	                                       30
                                                                                                                                     Web site: www.urs.com
                                                                                                                                                                                                                      The shares of our common stock are listed on the New York
planning, design and engineering; systems                          SUMMARY OF CONDENSED CONSOLIDATED
                                                                                                                                                                                                                      Stock Exchange under the symbol URS. As of April 4, 2011, we had
                                                                   FINANCIAL STATEMENTS	                                     30      INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
engineering and technical assistance; con-                         SELECTED FINANCIAL DATA	                                  31      PricewaterhouseCoopers LLP
                                                                                                                                                                                                                      approximately 3,100 stockholders of record. The following table
                                                                                                                                                                                                                      sets forth the low and high sale prices of our common stock, as
struction and construction management;                             MANAGEMENT’S ANNUAL REPORT                                                                                                                         reported by The Wall Street Journal, for the periods indicated.
                                                                                                                                     REGISTRAR AND TRANSFER AGENT
operations and maintenance; and decom-                             ON INTERNAL CONTROL
                                                                   OVER FINANCIAL REPORTING	                                 36      BNY Mellon Shareowner Services
missioning and closure services.                                                                                                     P.O. Box 358015
                                                                   PERFORMANCE MEASUREMENT COMPARISON	                       37                                                                                       	                                                            Market Price
                                                                                                                                     Pittsburgh, PA 15252-8015                                                        					                                                      Low 	       High
                                                                   REPORT OF INDEPENDENT REGISTERED
Our business is focused on four key mar-                           PUBLIC ACCOUNTING FIRM	                                   38
                                                                                                                                     or
                                                                                                                                     480 Washington Boulevard                                                             FISCAL PERIOD:
ket sectors: infrastructure, federal, power,                       OFFICE LOCATIONS WORLDWIDE	                               39      Jersey City, NJ 07310-1900                                                       2009:
                                                                                                                                     800.874.1991
and industrial and commercial. We have                             CORPORATE DIRECTORY	                                      40                                                                                       First Quarter 	                                         $27.66 	       $44.80
                                                                                                                                                                                                                      Second Quarter 	                                         $38.67 	      $53.12
approximately 47,000 employees in a net-                           CORPORATE INFORMATION	                                   IBC      TDD for Hearing Impaired: 800.231.5469
                                                                                                                                                                                                                      Third Quarter 	                                           $41.05 	     $51.58
                                                                                                                                     Foreign Stockholders: 201.680.6578
work of offices in more than 40 countries.                                                                                           TDD for Foreign Stockholders: 201.680.6610
                                                                                                                                                                                                                      Fourth Quarter 	
                                                                                                                                                                                                                      2010:
                                                                                                                                                                                                                                                                                  $38.03 	    $45.83
                                                                                                                                     www.bnymellon.com/shareowner/equityaccess
                                                                                                                                                                                                                      First Quarter 	                                         $42.67	         $50.47
Headquartered in San Francisco, URS                                                                                                  CORPORATE COUNSEL                                                                Second Quarter	                                         $37.49	         $53.25
                                                                                                                                                                                                                      Third Quarter	                                          $35.09	         $43.26
is a publicly held company listed on the                                                                                             Cooley LLP                                                                       Fourth Quarter	                                         $37.65	         $43.92
New York Stock Exchange under the                                                                                                    FORM 10-K
                                                                                                                                                                                                                      2011:
                                                                                                                                                                                                                      First Quarter	                                          $39.61	         $48.32
symbol URS.                                                                                                                          Copies of our Annual Report on Form 10-K for the fiscal year ended
                                                                                                                                     December 31, 2010, as filed with the Securities and Exchange
                                                                                                                                     Commission, may be obtained by our stockholders without                          We have not paid cash dividends since 1986, and, at the present
                                                                                                                                     charge. Requests should be sent to Sreeram (Sam) Ramraj in our                   time, we do not anticipate paying dividends on our outstanding
                                                                                                                                     Investor Relations Department at our corporate office address                    common stock in the near future. In addition, we are precluded
                                                                                                                                     (above), via e-mail at investor.relations@urs.com, or by calling                 by provisions in our 2007 Credit Facility from paying cash divi-
                                                                                                                                     877.877.8970. The Form 10-K also can be accessed on our Web                      dends on our outstanding common stock until our Consolidated
                                                                                                                                     site at www.urs.com.                                                             Leverage Ratio 1 is equal to or less than 1.00:1.00. Please refer to
                                                                                                                                                                                                                      Note 9, “Indebtedness” and Note 14, “Stockholders’ Equity”
                                                                                                                                     Supplementary financial information and selected financial                       to our “Consolidated Financial Statements and Supplementary
                                                                                                                                     data required by Rule 14a-3(b) of Regulation 14A of the Securities               Data,” included in our Annual Report on Form 10-K for the fiscal
                                                                                                                                     Exchange Act of 1934, as amended, is included in our Annual                      year ended December 31, 2010.
                                                                                                                                     Report on Form 10-K for the fiscal year ended December 31,
                                                                                                                                     2010, which accompanies this Annual Report to Stockholders.

                                                                                                                                                                                                                      1
                                                                                                                                                                                                                      	Consolidated Leverage Ratio is as defined in Note 9, “Indebtedness” to our
                                                                                                                                                                                                                        “Consolidated Financial Statements and Supplementary Data” included in
                                                                                                                                                                                                                        our Annual Report on Form 10-K for the fiscal year ended December 31, 2010.

                                                                   URS Corporation’s 2010 Annual Report to Stockholders contains
                                                                   statements that are not historical fact and that may constitute
                                                                   forward-looking statements involving risks and uncertainties,
                                                                                                                                     © URS Corporation 2011                                                           Design and illustration:
                                                                   including statements about our future growth and future eco-      Unless otherwise indicated, all trademarks appearing in this Annual Report are   OTTO NY ottony.com
                                                                   nomic and business conditions. Our actual results could differ    owned by URS Corporation and its affiliates.
                                                                                                                                                                                                                      Photo credits:
COVER                                                              materially from those discussed in this Annual Report. Factors                                                                                     Pages 10-18, photos by John Madere; Page 20, top left photo by Bob Hughes, top
                                                                                                                                                                                                                      middle, top right and large photos courtesy of the U.S. Department of Defense;
                                                                   that might cause such a difference include, but are not limited                                                                                    Page 22, top middle photo courtesy of California High-Speed Rail Authority/
                                                                   to, those discussed under “Risk Factors” in URS Corporation’s                                                                                      NC3D, large photo by David Nightingale; Page 24, photos courtesy of Photographic
California High-Speed Rail; Sellafield Nuclear Complex; Port       Annual Report on Form  10-K, which accompanies this Annual                                                                                         Services, Shell International Ltd.; Page 26, top left photo by Tim Shaw, large photo
                                                                                                                                                                                                                      by David Lawrence; Page 28, top right photo and large photo by David Lawrence.
Washington Power Plant; Bridge of Honor spanning the Ohio River;   Report and also was filed with the Securities and Exchange
Shell Master Services Alliance; Reaper Unmanned Aircraft System.   Commission on February 28, 2011.
Financial Highlights

     Financial data for the past five fiscal years are summarized below. This financial data should be read in conjunction with the
information contained in our financial statements and accompanying notes, and in the section entitled “Management’s Discussion
and Analysis of Financial Condition and Results of Operations,” included in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2010. URS’ Form 10-K, which was filed with the Securities and Exchange Commission on February 28, 2011, accompanies
this Annual Report to Stockholders.


					 	                                                                                           Year ended	               Year ended 	                        Year ended	              Year ended	     Year ended
						                                                                                          December 31,	               January 1,	                        January 2,	           December 28,	 December 29,
(In millions, except per share data)	                                                                   2010  1,2	                2010 1	                             2009 1	                  2007 1,3	       2006 1

Income Statement Data:
Revenues			                                                                                        $ 9,177.1	             $ 9,249.1	                      $10,086.3	                   $ 5,383.0	                        $ 4,222.9
Cost of revenues	                                                                                   (8,609.5)	             (8,772.4)	                       (9,608.8)	                  (5,095.2)	                        (3,978.1)
General and administrative expenses	                                                                   (71.0)	                 (75.8)	                          (78.7)	                     (56.5)	                           (43.3)
Acquisition-related expenses 2	                                                                        (11.9)	                    —	                               —	                           —	                                —
Restructuring costs 4	                                                                                 (10.6)	                    —	                               —	                           —	                                —
Impairment of an intangible asset 5	                                                                      —	                   (32.8)	                             —	                           —	                                —
Equity in income of unconsolidated joint ventures 6	                                                    70.3	                 100.9	                           106.3	                        31.5	                             17.3
Operating income	                                                                                      544.4	                 469.0	                           505.1	                      262.8	                            218.8
Interest expense	                                                                                      (30.6)	                 (48.4)	                         (90.7)	                      (27.7)	                           (19.8)
Other income, net 7	                                                                                      —	                    47.9	                             — 	                           —​	                               —
Income before income tax	                                                                              513.8	                 468.5	                           414.4	                      235.1	                            199.0
Net income attributable to URS 	                                                                       287.9	                 269.1	                           219.8	                      132.2	                            113.0
Diluted earnings per share 	                                                                       $    3.54	             $    3.29	                      $    2.59	                   $    2.30	                        $    2.15

Balance Sheet Data
(As of the end of period):

Cash and cash equivalents	                                                                         $   573.3	             $   720.6	                      $   224.0	                   $   256.5	                        $    89.5
Total assets	                                                                                      $ 7,351.4	             $ 6,904.4	                      $ 7,001.2	                   $ 6,930.0	                        $ 2,581.0
Total indebtedness	                                                                                $   701.8	             $   805.0	                      $ 1,108.0	                   $ 1,306.8	                        $   168.6
Total URS stockholders’ equity 8	                                                                   $ 4,117.2	
                                                                                                                           $ 3,905.8	                      $ 3,624.6	                   $ 3,478.6	                        $ 1,506.7


Corresponding footnotes are presented on page 31 of this Annual Report to Stockholders.




                                                                               Net Income                                     Total URS
                      Revenues                                                 Attributable to URS                            Stockholders’ Equity                                         Backlog
                      in millions                                              in millions                                    in millions                                                  in millions
                                             $10,086.3




                                                                                                                   $287.9




                                                                                                                                                                            $4,117.2




                                                                                                                                                                                                     $17,659*



                                                                                                                                                                                                                           $17,309*
                                                                                                                                                                                                                $17,282*
                                                                                                                                                                 $3,905.8




                                                                                                                                                                                                                                      $16,608*
                                                                                                          $269.1
                                                         $9,249.1

                                                                    $9,177.1




                                                                                                                                                     $3,624.6
                                                                                                                                          $3,478.6
                                                                                                 $219.8
                                  $5,383.0




                                                                                        $132.2
                       $4,222.9




                                                                               $113.0




                                                                                                                               $1,506.7




                                                                                                                                                                                           $4,637*




*	Unaudited            06         07         08          09          10        06       07       08       09       10          06         07         08          09          10            06        07         08         09          10
Chairman’s Letter



    TO OUR STOCKHOLDERS:


    In fiscal 2010, URS performed well, while continuing to position the Company for
    growth as the economy recovers. The strategic diversification of our business
    and our competitive position in the markets we serve enabled us to deliver strong
    financial results, despite the ongoing economic challenges. Our federal and
    infrastructure businesses continued to grow, and we are encouraged by signs of
    improvement in our power and industrial and commercial businesses. As a result
    of our solid performance and ability to generate high levels of cash, we made
    strategic investments to expand the Company’s operations in growing interna-
    tional markets.



         Financially and competitively, URS remains strong. For      diversification to succeed throughout the business cycle.
    the 2010 fiscal year, we reported revenues of $9.2 billion and   For more than a decade, we have focused on broadening
    net income of $288 million. Earnings per share (EPS) were        our business in stable, long-term markets, expanding our
    $3.54, a 7.6% increase from 2009 and our sixth consecutive       resources and technical capabilities, and extending our
    year of EPS growth. We generated $528 million in net cash        geographic reach. Through the careful and deliberate execu-
    from operating activities, ending the year with $574 million     tion of this strategy, we have built a diversified business
    in cash and short-term investments. During 2010, we repaid       that we believe can weather almost any economic climate.
    $150 million in debt, reducing our net debt at the end of        Our balanced business mix has enabled us to deliver con-
    2010 to just $128 million. We also used approximately $292       sistent results, achieve EPS growth and generate strong
    million in cash to complete the acquisition of Scott Wilson      cash flow—during the longest recession since the Great
    Group plc, a UK-based engineering and design firm with           Depression. It also has enabled us to outperform many of
    more than 5,500 employees in offices worldwide.                  our competitors throughout the economic downturn.
        The acquisition of Scott Wilson has significantly
    expanded our business outside of North America—a long-           The acquisition of Scott Wilson
    term goal for URS. Scott Wilson adds critical scale to our
    international operations, creating new opportunities in
                                                                     adds critical scale to our
    strategically important markets and geographies. URS             international operations, creating
    now is ranked among the top ten engineering firms in the         new opportunities in strategically
    United Kingdom by revenue, and we have expanded our              important markets and geographies.
    presence in Continental Europe, as well as in India and
    China—two of the world’s fastest growing economies. We
    also have enhanced our global capabilities in key infrastruc-         In the past year, increased public sector spending by
    ture markets, including mass transit, high-speed rail, roads     clients in our federal and infrastructure market sectors
    and bridges, airports, and ports and harbors.                    helped to offset declines in capital expenditures by our pri-
        Acquiring Scott Wilson was an important develop-             vate sector clients in the power and industrial and commer-
    ment in our long-term strategy to build a large engineering,     cial market sectors. We have built a large and growing federal
    construction and technical services organization with the        business, and we continued to benefit from outsourcing by
                                                                     U.S. federal agencies and national governments outside the
                                                                     United States for the specialized engineering, construc-
                                                                     tion and technical services we provide. In addition, despite




2
the budget challenges facing many of our state and local             Our results would not have been possible without the
government clients, our infrastructure business also had        dedication of our 47,000 employees worldwide, and I should
a successful year—driven largely by the diversity of fund-      like to thank them for their hard work in the past year.
ing sources that were available to finance infrastructure       Their commitment to delivering technically superior ser-
improvement programs.                                           vices to our clients in the safest possible manner—and to
                                                                conducting our business according to the highest ethical
                                                                standards—is the foundation of our success. I also thank
Our balanced business mix has enabled                           our stockholders and clients for their continued support and
US to deliver consistent results,                               confidence in URS.
achieve EPS growth and generate
strong cash flow—during the longest                     our employees’ commitment to
recession since the Great Depression.                   delivering technically superior
                                                        services to our clients in the
   As anticipated, our power and industrial and com-
                                                        safest possible manner is
mercial businesses were affected by the continuing weak the foundation of our success.
economy in 2010. However, with the economic recovery
gaining momentum, we expect improved results in these
sectors in the year ahead. The pace of procurement activity          Finally, I should like to extend my sincere gratitude to
and contract awards among our power clients has started         Armen Der Marderosian and William Walsh, both of whom
to improve, and our backlog of work is growing. Similarly, in   will be retiring after many years of distinguished service
the industrial and commercial sector, many of our clients are   as members of the URS Board of Directors. Mr. Walsh has
increasing their capital expenditures and restarting projects   served on the Board of Directors since 1988, and Mr. Der
that previously had been delayed or deferred. With our          Marderosian joined the Board in 1994. Their leadership and
expanded international resources and capabilities, we are       astute business perspectives have been invaluable to URS
better positioned to serve the needs of our FORTUNE 500         as we have grown.
clients and other large, multinational corporations across          I look forward to updating you on our progress in 2011.
their global operations. Although we recognize that there
are still challenges ahead, we believe URS is poised for even
stronger performance as the economy recovers.
    Because of our international expansion in the past year,
we selected A World of Experience as the theme for our
2010 Annual Report. The report highlights the wider scope
of URS’ worldwide operations, as well as our expanded
international capabilities and project experience. It also
                                                                Martin M. Koffel
captures our optimism about our long-term potential, includ-
                                                                Chairman and Chief Executive Officer
ing new opportunities available to us with the addition of
Scott Wilson.




                                                                                                                                3
A World
    of
    Opportunity




    Today’s global economy offers companies like URS significant opportunities.
    Developed nations around the world face the need to upgrade and rehabilitate
    their infrastructure, public buildings, industrial facilities and power systems,
    while developing regions are under increased pressure to build new facilities in
    order to compete in the global marketplace. URS has built a diversified business
    in our four key markets, and we have expanded our geographic presence, particularly
    in rapidly growing economies outside of the United States.
4
Infrastructure                                                      The American Society of Civil
                                                                    Engineers estimates that $2.2 trillion
                                                                    in investment is needed to reverse



$1.9
                                                                    the deteriorating condition of public
                                                                    infrastructure in the United States.




Billion                                                                      India’s new five-year
                                                                             infrastructure plan,
                                                                             currently being developed,
                                                                             is expected to double
                                                                             investment to $1 trillion.


FY 2010 Revenue                                                     In Australia, more than $34 billion in rail
                                                                    infrastructure projects currently are under
                                                                    construction, in planning or proposed.

Revenues from our infrastructure                                                         China’s five-year infrastructure



                                   14%
sector business                                                                          plan totals $1 trillion and focuses


   increased
                                                                                         on urban transportation, includ-
                                                                                         ing high-speed rail between
                                                                                         major population centers and
                                                                                         urban-rural rail links.
                                               in 2010.




    Modern and reliable infrastructure is an essential              With the addition of Scott Wilson in September 2010,
component of a strong, vital economy. Overburdened             we have broadened our global footprint to pursue infra-
or obsolete roads, bridges, airports, rail transportation      structure opportunities in key regions around the globe.
systems, and ports and harbors hinder the efficient move-      URS now is ranked among the top ten engineering firms
ment of people and goods—resulting in lost time and            in the United Kingdom by revenue, and we have expanded
productivity. From North America and Europe to Asia and        our presence in Continental Europe and the Middle East,
Australia, governments around the world face major chal-       as well as in the rapidly growing economies of India and
lenges to expand and modernize infrastructure to ensure        China. We also have enhanced our capabilities in high-
their competitive advantage in the global economy.             growth infrastructure markets—including rail and transit,
    For more than a century, URS has been at the fore-         roads and bridges, and ports and harbors.
front of efforts to improve critical infrastructure through-
out the United States. We are one of the few firms in the
industry with the in-house capabilities to support every
stage of large-scale infrastructure projects, from plan-
ning and design through construction and construction
management to operations and maintenance.
     Although many U.S. states face serious budget defi-
cits, they are successfully financing infrastructure pro-
grams through alternative sources. These sources include
bonds, dedicated tax measures, users’ fees, federal stimu-
lus funding and public-private partnerships.




                                                                                                                               5
Federal
        URS has built a large, diversified and growing busi-      The DOD’s budget request for the federal government’s
    ness in the federal sector. Today, we provide engineering,    2012 fiscal year, which begins October 1, 2011, includes
    construction, operations and maintenance, and special-        $204 billion for operations and maintenance and $75 billion
    ized technical services to the Department of Defense          for research, development, test and evaluation—budget
    (DOD), the Department of Energy (DOE) and more than           line items that are important to our federal business.
    25 other U.S. federal departments and agencies, as well           As the largest environmental management con-
    as to agencies of other national governments. As a lead-      tractor to the DOE, URS provides environmental and
    ing federal contractor, we assist our clients in fulfilling   nuclear management services at some of the most com-
    their most critical missions—often through large, bundled     plex sites and facilities across the United States. And, in
    contracts that allow them to procure our services easily      the United Kingdom, a URS-led consortium manages the
    and without delay.                                            operations and cleanup of the Sellafield nuclear complex,
         URS supports the DOD at virtually every stage of         one of the world’s largest nuclear sites, for the Nuclear
    its operations—from developing new weapons systems            Decommissioning Authority.
    and refurbishing military vehicles and aircraft to man­           We expect to continue to benefit from sustained
    aging complex installations and providing decommission-       funding for these programs. The UK Coalition Government
    ing and closure services for facilities no longer in use.     has provided $2.4 billion for the Sellafield site for each of
    We also design and construct infrastructure at military       the next four years. In addition, the proposed DOE budget
    installations worldwide.                                      for 2012 includes $6.1  billion for environmental manage-
        The diversity of our federal business means we are        ment programs. This funding should support much of our
    less susceptible to budget uncertainties or funding for       DOE work in the year ahead.
    any single program. In the year ahead, proposed funding
    for much of our DOD work is expected to remain stable.




    $4.5                                                             URS REVENUE
                                                                     BY MARKET                         Power




    Billion
                                                                                                                         Federal
                                                                                                             12%
                                                                                       Industrial 
                                                                                       Commercial      18%
                                                                                                                     49%

                                                                                                             21%
    FY 2010 Revenue                                                                         Infrastructure




                           Revenues from our federal                                             The DOD’s 2012 budget
                                     sector business                                                   request includes

                            increased                                              $204 billion
                                           9%                                                      for operations and
                                                                                          maintenance, an 11% increase
                                                                                                     from 2011 levels.
                                                  in 2010.

6
Power                                                             Electricity
                                                                  Net Generation                                   Other



$1.1                                                              By Source                                                  Coal
                                                                                                                    5%
                                                                                                    Natural
                                                                                                     Gas
                                                                  Source: U.S. Energy Information             23%



Billion
                                                                  Administration, Annual
                                                                                                                           45%
                                                                  Energy Review, 2009

                                                                                                              7%
                                                                                            Hydroelectric
                                                                                                                   20%



FY 2010 Revenue
                                                                                                               Nuclear



                                                                                           In the United States, electricity


                                  65%
                                                                                                          generation from
                                                                                                 renewable energy sources


        of the new generating capacity added                         increased                                  33%
               to the U.S. power grid since the
                                                                                                    between 2008 and 2010.
  1990s has been from gas-fired power plants.




     The power industry is shaped by economic trends,              The dramatic growth in renewable energy is creating
regulations and technical advances that interact to            new demands to modernize and extend transmission and
create growth cycles for our power business. When the          distribution systems so that electricity from alternative
economy slowed and demand for electricity fell, capital        sources—such as remotely located wind or solar farms—
spending by our power clients declined. But, as economic       can be transported to major population centers.
conditions improve and new environmental mandates                   As a leader in nuclear power, URS also is helping utili-
take effect, there are signs that the power sector is poised   ties maintain the viability and efficiency of their nuclear
for a recovery.                                                fleets. More than 100 nuclear generating units operate
     Increasingly stringent restrictions on the emissions      in the United States today, accounting for 20 percent of
from coal-fired power plants are creating new opportu-         the country’s electricity production. URS is one of only
nities for our air quality control business. Today, coal-      a few contractors with the expertise to perform major
fired plants are the largest source of electricity in the      capital improvement projects—including the replacement
United  States, but many facilities have inadequate pol-       of steam generators and other major components—to
lution controls to meet a 2015 federal deadline for addi-      increase the output, efficiency and reliability of existing
tional emissions reductions. URS is a leader in this market,   nuclear power plants.
having installed air quality control systems at more than
200 power plants.
     With demand for electricity projected to rise, there
is renewed interest in natural gas as a cleaner burning,
readily available alternative to coal-fired generation. We
have designed or constructed nearly 100 gas-fired power
plants, and we anticipate increased demand for the ser-
vices we provide to develop or expand gas facilities.




                                                                                                                                    7
Industrial  Commercial
        URS has built long-standing business relationships                                  As URS has grown and extended its geographic reach,
    with FORTUNE 500 and other multinational corpora-                                   we have expanded our work and the services we provide
    tions around the world by providing complete life-cycle                             to many of our largest industrial and commercial clients.
    services to meet their engineering, construction and                                Today, much of this work is performed under long-term
    environmental needs. As demand for oil and gas, manu-                               Master Services Agreements—multi-year contracts that
    factured goods and mineral resources declined during the                            cover a broad range of engineering and environmental
    recession, many of our clients delayed or curtailed capital                         services at sites around the world.
    spending. However, as the economy recovers, activity in                                 With the addition of Scott Wilson to URS, we have
    the industrial and commercial sector is increasing, creat-                          expanded our global resources and are better positioned
    ing new opportunities for our business.                                             to support the needs of these clients throughout their
        In the oil and gas industry, rising oil prices have led                         worldwide operations.
    several of our clients to move forward with projects that
    were previously suspended—including oil sands proj-
    ects in Alberta, Canada, oil shale projects in Colorado’s
    Piceance Basin and gas pipeline projects in Alaska.
         Higher commodity prices for base and precious met-
    als, fueled by strong demand from China and India, have
    accelerated our work on mining projects in Australia. In
    the manufacturing market, growing consumer spending is
    leading to increased production, resulting in new demand
    for the engineering, construction and facility manage-
    ment services we provide.




    Oil Prices
    $/Barrel                                                                               $1.6
    140

    100

        60
                                                                                           Billion
                                                                                           FY 2010 Revenue
        20
             1/06    1/07         1/08            1/09           1/10           1/11

    Rising oil prices are leading to increased global capital spending
    in oil and gas production and exploration. In 2011, spending
    is expected to reach $490 billion, an 11% increase from 2010.
    Sources: U.S. Energy Information Administration, March 2011
    	           Barclays Capital, December 2010
                                                                                              According to a survey of senior executives
                                                                                            and consultants in the mining industry, global
                                                                                              mining expenditures are expected to reach

                                                               6%                                          $120 billion
    U.S. industrial production
                             increased                                                     $115 to
    in the last year, following nearly two years of decline.                               in 2011, above the peak of $110 billion set in 2008.
                                                         Source: U.S. Federal Reserve                               Source: Financial Times, December 2010


8
A World
of
Talent




What differentiates URS from our competitors is our people. With some of the
most talented professionals in the industry, URS has the skills and resources
to complete the most challenging projects in the infrastructure, federal, power,
and industrial and commercial markets—anywhere in the world. Our employees
also embrace the opportunity to “give back,” volunteering their time and expertise
in support of charities, and community outreach and mentoring programs.

                                                                                     9
London Office
         With more than 500 employees, URS’ London office is               Our staff is engaged in some of London’s most pres-
     one of our largest in Europe. Previously the headquarters of     tigious projects, including Crossrail, Europe’s largest civil
     Scott Wilson, it remains an important hub for URS’ opera-        engineering construction project, and the Brent Civic
     tions in the region.                                             Centre, designed to be the United Kingdom’s “greenest”
          With a full complement of civil and structural engineers,   civic building. Our UK operations also have won several
     environmental scientists, sustainability experts and con-        highly regarded awards from professional societies and
     struction specialists, our London office provides services       government organizations, including the Queen’s Award for
     across the full life cycle of projects. Working together as      Enterprise: International Trade.
     members of multi-disciplinary project teams, URS employees           In addition to undertaking projects locally, staff in
     plan, design and manage the rehabilitation and construction      London support multinational clients on projects around
     of highways, bridges, mass transit systems and major facili-     the world, often in collaboration with colleagues from other
     ties, such as schools, hospitals, hotels and stadiums.           international offices.




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10
German Roadway                     Olympic                            London’s flagship stations.    is at the cutting edge of
Improvements                       Delivery Authority                 / 9–14 / Darren Brooke,        sustainable development.
                                                                      Johnny Adaime, Alison          NISP develops mutually
Since 2005, URS has served         URS has been working with the      Argust, Howard Augustus,       profitable links between
as the Lenders’ Technical          Olympic Delivery Authority         Ka-Ho Li, Robert Duffy         companies so that under-
Advisor on five public-            on the Planning Framework                                         used resources, such as
private partnership roadway        for the London 2012 Games          Thames Tunnel                  energy, water and materials,
improvement projects in            since 2006. / 4–8 /                                               from one business can
Germany. URS has supported         Thomas Smith, Annabel              Through its appointment        be reused or reprocessed
the bidding consortia to a         Buralli, Gareth Wilson, Lesley     to a Planning Studies          by another. / 20–21 / James
successful financial closing       Keable, Martin Herbert             Framework, URS is support-     Bisco, Caroline Brock
on two of the projects,                                               ing the delivery of the
and currently is supporting        Crossrail                          Thames Tunnel. The project     Brent Civic CentRe
a bidding consortium for                                              involves building a tunnel
the widening of a section of       Crossrail is a new east-west       under London to stop com-      URS, in partnership with
the Federal Motorway. / 1–3 /      rail route across London. URS      bined sewer overflows          Hopkins Architects, is
Anandan Kumar, Wendy               is providing a wide range of       and improve water quality in   providing engineering and
Chung How, James Kyritsis          civil, structural and electrical   the River Thames. / 15–19 /    environmental services,
                                   engineering services for           Shibani Bose, James Allan,     including significant sustain-
                                   both above- and below-ground       Eleanor Cole, Julia Ryan,      able design advice, for
                                   tracks and stations, includ-       Charlotte Cook                 the design of Brent Council’s
                                   ing the design for Paddington                                     new civic centre, which is
                                   and Farringdon, two of central     National Industrial            expected to be the United
                                                                      Symbiosis Programme            Kingdom’s “greenest” civic
                                                                                                     building. / 22–27 / Jason Lee,
                                                                      URS is a key partner for       Chris Gaskell, Karl Walker,
                        17
           15
                                                                      the award-winning National     Rick Hilton, Christina
                                          18
                                                                      Industrial Symbiosis           Petrides, Mike Pauley
                              16                                      Programme (NISP), which
                                                19


                                                                                                21

     7
                         24

                                                                        20
                                                                                                       GREENCOAT PLACE
                                                                                                       HISTORY
                                                                                                       URS’ London office is located
                                                                                                       at Greencoat Place, which
                                     23
                                                                                           25          was constructed between
                22                                                                                     1883 and 1885 by J. Bull.
                                                                                                       It was originally used as a
                                                                                                       warehouse by the Army and
                                                                                                       Navy stores (a UK depart-
                                                                                                       ment store group). Damaged
                                                                                                       during World War II, the
                                                                                                       structure was rebuilt in
                                                                                                       stages, which is reflected in
                                                                                                       its more modern façade and
                                                                                                       mix of architectural styles.
                                                                                                       As shown in the photo, the
                                                                                                       building’s glazed rooms,
                                                                                                       previously used as meat and
                                                         27                                            fish trading halls, display
                                                                                                       original Victorian detailing.
                                                                                                       The glazed halls were
                                                                                                       restored when the building
    26                                                                                                 was renovated prior to Scott
                                                                                                       Wilson’s occupation. The
                                                                                                       result is a unique office space
                                                                                                       with generous natural light.



                                                                                                                                         11
China Operations
         URS’ China operations comprise 1,100  employees in a             companies also rely on the skills of URS’ environmental and
     network of 12 offices. With the addition of Scott Wilson,            health and safety experts to help them comply with China’s
     we now provide a diverse range of planning, design, environ-         new, more stringent regulations.
     mental, engineering and construction services that can                   URS teams are working on important projects through-
     meet the needs of clients in this rapidly growing economy.           out China, such as overseeing the fast-track construction of
         Our engineers, architects, planners, scientists, landscape       the Wuxi Integrated Transportation Hub—the second larg-
     designers and construction management specialists work on            est development of its kind in China. The new hub will link
     a range of transportation and urban infrastructure, as well          high-speed intercity railways with metro stations for local
     as manufacturing plants, hotels and mixed-use commercial             underground and above-ground rail lines. It also includes a
     and residential complexes. Many local and multinational              large shopping mall, hotel, bus terminal and parking facilities.




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     1                                                                                 7




S enior Project                    C ost Management                     D esign Management                  C onstruction
 Management                                                                                                     Management
                                    We are responsible for               To ensure that design quality
URS provides overall project        procurement, advising on              and project standards are           We deliver on-site manage-
 management, including               qualified contractor                  met, URS manages the design          ment of construction
 managing relationships with         selection and managing                of architects, design insti-         processes, including techni-
 client teams and project            project costs during                  tutes and other consultants;         cal review and quality and
 stakeholders, to ensure that        the planning, design and              on-site design revisions;            safety management, to ensure
 the project is delivered            construction stages.                  and site installation work.          that project delivery is in
 in accordance with contract         / 3–4 / Qian Xinsheng,                / 5–7 / Samuel Yu, Johnson           line with client scope, budget
 requirements and client             Wendy Xiang                          Liu, Alina Zhao                       and schedule. / 8–12 / Ren
 expectations. / 1–2 / C L Lau,                                                                                 Zhongqin, Tao Jinbing, Zeng
Yang Xianhua                                                                                                    Gewen, Ma Yafeng, Wu Hao
12
Dam and Levee Engineering
     Australia
          URS has extensive experience in the design and reha-         Australia, exemplifies the broad skills and geographic
     bilitation of thousands of dams, levees and other hydraulic       breadth of URS’ dam and levee practice. Our Australia-based
     structures. We are one of the largest dam and levee design-       team was supported by nearly 200  URS water resources
     ers in both Australia and the United States, and one of           staff from Colorado, California and New Zealand during the
     the leading dam and levee designers worldwide. Our staff          course of the project.
     includes the full range of professionals in the specialized           The technically complex project involved raising the dam
     technical disciplines needed for dam design and construc-         from 93.5 meters to 108.5 meters in order to increase water
     tion projects, including engineering geologists; geotechnical,    supply to a full capacity of 310  billion liters. The URS team
     structural, mechanical, electrical, environmental and earth-      employed many design innovations to increase the dam’s
     quake engineers; and hydrologists.                                storage capacity, while reducing downstream flood risk.
         The design team for the upgrade of the Hinze Dam, which
     provides much of the water to the Gold Coast in Queensland,




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                    2                                                                 9




S pillway Design                   E mbankment Design                I nfrastructure                  M anagement
                                                                       Design                              Support
T he new spillway design           U RS assessed the complex
 optimized the flood mitiga-         foundation conditions at the      Infrastructure across the site   A s the design lead of the
 tion benefits downstream            site and designed a 15-meter       was upgraded, including           highly successful Hinze
 of the dam and increased            raise of the existing earth        a recreation area, internal       Dam Alliance project team,
 maximum potential flood             and rockfill embankment. The       roads, drainage, power,           URS’ role was to oversee
 capacity. A key challenge was       work included a 700-meter-         water and communications          the technical aspects
 surpassing the capacity of          long extension of the saddle       systems. The work also            of the design. Managing the
 the original spillway structure,    dam across the right bank to       included mechanical and           project also included close
 which had been designed for         accommodate the increased          electrical design to upgrade      collaboration with URS’
 less than half the flood flow of    level of the reservoir. / 3–6 /    the outlet facility, pump         Alliance partners and other
 the new structure. / 1–2 /         James Toose, Mark Foster,           station, and electrical and       stakeholders, including
 Steve O’Brien, Mike Phillips       Gavan Hunter, Rob Campbell          control systems. The dam          the owner, dam operations,
                                                                        remained in full operation        regulatory agencies and
                                                                        during construction of these      community members. / 10–12 /
                                                                        improvements. / 7–9 / Jared       Bob McGowan, Chris Dann,
                                                                        Weir, Rob Myers, Anna Hams        Melanie Preston
                                                                                                                                        13
Power CAPABILITIES
     Princeton, New Jersey
         With more than 100 years of experience serving the                For the commercial nuclear market, we have engineered
     power industry, URS’ expertise encompasses virtually every        or constructed 49 power plants worldwide, and our SGT,
     type of power generation, including fossil fuel, nuclear and      LLC joint venture provides steam generator and large com-
     alternative energy. We have engineered and/or constructed         ponent replacement services to improve the efficiency and
     power plants generating more than 250,000 megawatts of            extend the life of existing nuclear plants.
     electricity and have worked on hundreds of transmission                Our power professionals are located around the world,
     and distribution, and substation projects.                        including Princeton, New Jersey, where, in addition to nuclear,
         URS provides a full range of engineering, procurement         civil, mechanical, electrical and process engineers, URS
     and construction services for natural gas-fired power plants.     employs architects, environmental and project controls spe-
     Our experience includes more than 32,000 megawatts of new         cialists. Many of our highly skilled staff also have achieved
     generation and covers every combustion turbine technology.        safety trained supervisor certification.
          URS also is a leader in clean-air modifications. We have          With a full complement of disciplines, URS serves the
     installed air quality control systems in more than 200 plants     entire life cycle of power projects—from planning, engineer-
     to reduce sulfur dioxide, sulfur trioxide, nitrous oxides, mer-   ing, procurement and construction to start-up, operations
     cury and other emissions.                                         and maintenance, and decommissioning and closure.




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           1

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                                                                       New Generation                     Air Quality
                                                                        Combined Cycle Gas                  Control Systems

                                                                       U RS provides life-cycle           Our engineering, procure-
                                                                        services to ensure that new         ment and construction
                                                                        generation combined-cycle           expertise is used to retrofit
                                                                        gas plants are constructed          existing fossil fuel plants
                                                                        cost-effectively and oper-          with clean-air emissions
                                                                        ate at the highest levels of        technologies. / 8–12 / Ed
                                                                        safety, efficiency and              Ventura, Cathy Schmitt,
                                                                        reliability. / 1–7 / John Moore,    Jeremy Moore, Steve
                                                                        Bob Schad, Andrea Kelman,           Pizzimenti, Harold Fletcher
                                                                        Minanka Ray, Joe Zachowski,
                                                                        Bob Thibodeau, Danny Chung

14
21
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                    17
                                                    19


                                                                                                          25




                     15

                                                          20                                                   26


                                                                                                    24

                                  14

  13


                                                                                          23




Tr ansmission                   Solar                                  Nu clear Generation
 Distribution
                                  In addition to providing pro­-        URS provides engineering,
We offer consulting, project     gram management and                     procurement, construction
 management, engineering,          support services to utilities          and start-up services for
 design, construction,             for solar panel installa­-             both nuclear plant modifica-
 start-up and maintenance         tions, URS provides consult-            tions and the development
 support for transmission          ing services for solar power           of new generation facilities.
 and distribu­tion systems, as     installations on buildings.            We are playing an integral
 well as substations. / 13–16 /    / 17–22 / Darlene Schrock,             role in the next generation
 Dianne Forman, Sunil Mital,       Mike Lazar, Jeffery Krenski,           of nuclear power plants.
 Zachary Riley, Jack Jolly         Shanna Pfau, Mark Feldman,             / 23–26 / Isamar Blumberg,
                                   Jim Aquilino                          Bryan Freeman, Peter Abate,
                                                                         Thomas Powell

                                                                                                                    15
India Operations
         The New Delhi office is URS’ headquarters for our South      over the next five  years. Such investment is evident in the
     Asia operations. Through the addition of Scott Wilson, we        roads sector, where the National Highways Authority of
     now have more than 850 employees in offices in Bangalore,        India has commissioned an ambitious project to upgrade,
     Chennai, Kolkata, Mumbai and Patna, and at numerous              rehabilitate and widen India’s major highways. The National
     project sites.                                                   Highways Development Program (NHDP) is the largest
          Although traditionally known for providing planning,        highways program in India’s history, covering more than
     engineering and construction services for highways and           70,000 kilometers.
     bridges in the region, our work has expanded into ports,             URS’ experienced highways team in New Delhi com-
     railways, airports, power, water and urban infrastructure.       prises structural, geotechnical and civil engineers, pavement
     Our New Delhi staff represents the full range of design and      experts and construction specialists who provide complete
     engineering disciplines, from urban planners and architects      project life-cycle services. The team, which has provided
     to hydrologists and transportation engineers.                    services for NHDP projects for many years, currently is
        To keep pace with its rapidly growing economy, India is       working on more than ten assignments.
     expected to invest one trillion dollars in its infra­structure




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                                                                                              6

       1




                                                                      U pper Ganga Canal               J ammu Udhampur
                                                                       Expressway                       Section of NH-1A

                                                                      This unique project integrates   U RS developed innovative
                                                                       a roadway design with             structural solutions and
                                                                       a canal rehabilitation, new       cost-optimization plans for
                                                                       hydroelectric power               the design of a 64-kilometer
                                                                       stations and adjacent land        section of National Highway-1A
                                                                       development. URS’ feasibility     through a highly mountainous,
                                                                       study received the presti-        ecologically sensitive area.
                                                                       gious British Expertise           The project included numer-
                                                                       International Awards 2010/11      ous bridges, viaducts and
                                                                       Consultancy Project of the        a twin tunnel. / 5–9 / Sajid
                                                                       Year. / 1–4 / B K Basu,           Khan, Uma Shankar Rawat,
                                                                       D P Kala, Debargha Datta,         Ganesh Chatrad, A K Dubey,
                                                                       Ranadeep Basu                     Brig C D Puri

16
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                                  14
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Sone River Bridge               L ong-Span Bridge                C entral India State             NH -36 and NH-54
                                  Over River GodAvari              Road Development                  Carriageway
U RS provided design and
 project management services     URS provided engineering         For a state road development     A URS construction supervi-
 for a 1,980-meter bridge on      services for the design,          project in central India, URS     sion team supported the
 River Sone in the state          construction, and operations      provided construction supervi-    upgrade of the NH-36 and
 of Bihar. The bridge features    and maintenance for a major       sion for the rehabilitation       NH-54 into a single, four-
 continuous prestressed           bridge across the Godavari        of approximately 800 kilome-      lane divided carriageway.
 concrete box girders, each       River, as part of a Build,        ters of state highways. The       Located in the extreme
 spanning 60 meters. / 10–16 /    Operate, Transfer/Public-         project was spread over           northeastern region of the
 H S Sharma, A K Padhy,           Private Partnership. / 17–18 /    eight districts of the highly     country, the project tra-
 Priyanka Jain, Shrey Kumar       S S Negi, K S Shiny               mountainous Madhya                verses a dense forest area
 Jain, Kamlesh Mishra, Sanjeev                                      Pradesh State. / 19–21 /          with very heavy rainfall.
 Gahir, Vikram Singh                                                P B Ratnakumar, R K Pathak,       / 22–25 / Jayasree
                                                                    Meenakshi Agarwal                Ratnakumar, Neeraj Mallik,
                                                                                                     R N Chaddha, T Naresh

                                                                                                                                    17
Veteran Mentoring
     United States
         URS’ support of the military extends beyond our con-            nation—it defines who we are as a company. Marian Hyder,
     tracts. Whether it’s helping a soldier obtain a position after      Vice President of Talent Management for our Federal Services
     serving in the Army, pairing a veteran with a mentor to ease        business, says, “Nothing brings us greater satisfaction than
     the transition to his or her first corporate job, sending care      reaching out to our veterans. So many URS employees are
     packages to deployed soldiers or helping a wounded vet-             former military—they’ve been there and understand the
     eran find fulfilling work, URS and our employees embrace            importance of the support we provide.”
     the opportunity to give back to those who have served the




                                                                                                         6




                                                   3
                                                                                                                                           4
                                                                                                             5
                                        2
        1




W ounded                           Ad opt                              A merican Corporate                    Partnership for
 WarriorS                            a Platoon                           Partners (ACP)                           Youth Success
                                                                                                                  Program (PaYS)
Dozens of disabled veterans        Ensuring that U.S. service          In 2010, 70 URS employees
 from all branches of the            members are not forgotten            served as mentors to                   Pairing U.S. Army veterans
 military are supported by           during their deployment,             returning veterans as part              with civilian jobs ensures
 URS mentors who provide             URS employees send weekly            of the ACP program. They                that companies like URS hire
 advice and encouragement            cards and follow up with             provided coaching, mentoring            employees with a strong
 about how to reintegrate into       monthly care packages contain-       and networking support                  work ethic and highly special-
 the workplace. “There is nothing    ing books, food and other            to help their protégés secure           ized skills. URS recently hired
 we wouldn’t do for our              items. According to Human            civilian jobs. Dennis Hunt,             our first veteran through PaYS
 veterans,” says Jesse Barber,       Resources Manager Pat Falls,         Capture Manager, National               and, according to Ken Reese,
 a Program Manager in the            “URS has adopted dozens              Security and Defense, is                a URS Staffing Manager and
 Global Security Group. “We          of platoons since 2007 and,          a mentor to Bill Cuartas,               retired Army recruiter, he
 also served, and now we want        to date, several tons of             and was recently named an               is the first of many. Ken says,
 to help them begin the next         packages have been sent by           ACP Mentor of the Month.                “PaYS will be a vital part of
 phase of their lives.” During       our volunteers to deployed           According to Bill, “Dennis              URS’ hiring program for years
 the past 12 months, URS has         soldiers.” To spread cheer during    has been there for me every             to come.” / 6 / Kenneth Reese
 hired 343 disabled veterans.        the 2010 holiday season,             step of the way. I would still
 / 1 / Jesse Barber                 15 URS locations sent more           be worried and unsure about
                                     than 1,300 stockings                 my transition without his
                                     to our troops. / 2 / Pat Falls       help.” / 3–5 / Dennis Hunt, Bill
                                                                          Cuartas, Marian Hyder
18
A World
of
Expertise




With a presence in more than 40 countries around the world, URS has the local
resources to meet our clients’ needs on a variety of projects, regardless of location
or type of service required. Whether it’s an environmental assessment for one of
the largest retail centers in Belgium, the expansion of a power plant in Detroit, the
design of a high-speed rail network in the United Kingdom, the construction of a
tailings dam in Australia or the maintenance of military equipment returning from
the Middle East, URS has the experience to get the job done.
                                                                                        19
URS provides design, engineering and           As the U.S. military has increased its   For the Predator and other unmanned
construction services for beddown facilities   use of intelligence and surveillance     aircraft systems, URS supports
to support several unmanned aircraft           systems, URS has been called upon to     command and control and IT operations,
systems (UAS). At Beale Air Force Base in      provide engineering for communi-         as well as maintenance and training.
California, URS designed and constructed       cations systems for the Reaper UAS.
new hangars to house the Global Hawk UAS.




Unmanned
Aircraft
Systems



In support of the DOD’s accelerating
deployment of unmanned aircraft
systems, URS provides wide-ranging
program management, design,
systems engineering, training,
construction, and operations and
maintenance services.


20
The role of unmanned aircraft systems (UAS) has         UAS SITES
expanded dramatically during the last decade, as these
sophisticated systems have demonstrated their value          where URS currently
in the War on Terror. In support of military operations in
Iraq and Afghanistan, UAS have flown long missions and
                                                             is working
collected critical intelligence —all while being “piloted”                            South Dakota:
by personnel thousands of miles from the combat zone.                                 Ellsworth AFB
In some cases, the intelligence obtained from a UAS is
transmitted directly to soldiers on the battlefield using
remote video terminals.                                             Nevada:
                                                                                            Missouri:
                                                                    Creech AFB,
                                                                                            Whiteman AFB
    Used by the U.S. Air Force, Army and Navy, UAS                  Nellis AFB
range in size from radio-controlled devices as small
as a model airplane to more complex aircraft as large
as a Boeing 737. The systems consist of the aircraft,
sensors/payloads, command and control datalinks, the
operator station, and the ground support equipment                                     Virginia:
required for launch and recovery, and operations and                                   Dahlgren
                                                                New Mexico:            Naval Base
maintenance. As technology has advanced and the sys-
                                                                Holloman AFB
tems have become more useful, UAS programs have
                                                                                           Maryland:
expanded, as have the services required to support
                                                                       Texas:              Patuxent River
their development and day-to-day operations.                                               Naval Air Station
                                                                       Fort Hood
     URS has been involved in UAS programs since their
inception. Today, we are one of the leading contractors
in the UAS market and provide the services required to




                                                                                                    10
design, build, test and fly unmanned systems. Our exper-
tise also includes evaluating UAS, providing operational     The U.S. Air Force has increased UAS

                                                                                  factor of
support from ground stations, training pilots, providing     deployment by a
maintenance services, and designing and building bed-
down facilities. A current contract involves supporting
the systems that provide command and control data,                                  over the last five years.
voice interconnectivity and video relays. These critical
systems enable personnel to fly and control unmanned
systems, such as the Predator and Reaper, worldwide.
    Longer term, the non-military applications for            For the years 2010        Combined, the U.S.
UAS are limitless. For instance, there is increasing           through 2015, the          Air Force, Army
interest in using UAS to monitor borders and ports,          DOD has requested          and Navy forecast
                                                                                                      UAS
to perform aerial photography and land surveying, to
monitor forest fires and environmental conditions, and
to support municipal law enforcement.                                $25                expenditures
                                                                  billion                      of more than
                                                                       for UAS
                                                               development and
                                                                                        $4.1 billion
                                                                  procurement.           in the coming year.




                                                                                                                21
URS is providing quality control and         We are providing design ser-          During the development of the new
safety services for the new Yunnan           vices for a section of California’s   Perpignan-Figueras rail line, URS provided
section of the Yunnan to Guangxi             high-speed rail system, the           technical assistance services. Currently,
high-speed rail line in China. The line is   largest public works project          we are providing operations and monitor-
part of the strategically important          in the United States since the        ing services for the line, which travels
Trans-Asian Railway that will extend         construction of the Interstate        through the Pyrenees and serves as a link
to Southeast Asia.                           Highway System.                       between France and Spain.



In the United Kingdom, URS provided
design services for the West Coast Route
Modernisation program—a major
upgrade of the principal railway linking
London, Birmingham, the North West
and Glasgow.




High-Speed
Rail



22
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report
URS Corporation 2010 Annual Report

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URS Corporation 2010 Annual Report

  • 1. URS Corporation 600 Montgomery Street, 26th Floor San Francisco, CA 94111-2728 www.urs.com A WORLD OF EXPERIENCE URS CORPORATION 2010 ANNUAL REPORT
  • 2. THE COMPANY TABLE OF CONTENTS CORPORATE INFORMATION URS Corporation is a leading provider of FINANCIAL HIGHLIGHTS 1 CORPORATE OFFICE ANNUAL MEETING CHAIRMAN’S LETTER TO STOCKHOLDERS 2 engineering, construction and technical ser- 600 Montgomery Street, 26th Floor The Annual Meeting of Stockholders of URS Corporation will be A WORLD OF OPPORTUNITY 4 vices for public agencies and private sector A WORLD OF TALENT 9 San Francisco, CA 94111-2728 Tel: 415.774.2700 held at 9:00 A.M. on Thursday, May 26, 2011, at the offices of Cooley LLP, 101 California Street, 5th Floor, San Francisco, California. companies around the world. The Company A WORLD OF EXPERTISE 19 Fax: 415.398.1905 E-mail: investor.relations@urs.com STOCK LISTING offers a full range of program management; A WORLD OF SUCCESS 30 Web site: www.urs.com The shares of our common stock are listed on the New York planning, design and engineering; systems SUMMARY OF CONDENSED CONSOLIDATED Stock Exchange under the symbol URS. As of April 4, 2011, we had FINANCIAL STATEMENTS 30 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM engineering and technical assistance; con- SELECTED FINANCIAL DATA 31 PricewaterhouseCoopers LLP approximately 3,100 stockholders of record. The following table sets forth the low and high sale prices of our common stock, as struction and construction management; MANAGEMENT’S ANNUAL REPORT reported by The Wall Street Journal, for the periods indicated. REGISTRAR AND TRANSFER AGENT operations and maintenance; and decom- ON INTERNAL CONTROL OVER FINANCIAL REPORTING 36 BNY Mellon Shareowner Services missioning and closure services. P.O. Box 358015 PERFORMANCE MEASUREMENT COMPARISON 37 Market Price Pittsburgh, PA 15252-8015 Low High REPORT OF INDEPENDENT REGISTERED Our business is focused on four key mar- PUBLIC ACCOUNTING FIRM 38 or 480 Washington Boulevard FISCAL PERIOD: ket sectors: infrastructure, federal, power, OFFICE LOCATIONS WORLDWIDE 39 Jersey City, NJ 07310-1900 2009: 800.874.1991 and industrial and commercial. We have CORPORATE DIRECTORY 40 First Quarter $27.66 $44.80 Second Quarter $38.67 $53.12 approximately 47,000 employees in a net- CORPORATE INFORMATION IBC TDD for Hearing Impaired: 800.231.5469 Third Quarter $41.05 $51.58 Foreign Stockholders: 201.680.6578 work of offices in more than 40 countries. TDD for Foreign Stockholders: 201.680.6610 Fourth Quarter 2010: $38.03 $45.83 www.bnymellon.com/shareowner/equityaccess First Quarter $42.67 $50.47 Headquartered in San Francisco, URS CORPORATE COUNSEL Second Quarter $37.49 $53.25 Third Quarter $35.09 $43.26 is a publicly held company listed on the Cooley LLP Fourth Quarter $37.65 $43.92 New York Stock Exchange under the FORM 10-K 2011: First Quarter $39.61 $48.32 symbol URS. Copies of our Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as filed with the Securities and Exchange Commission, may be obtained by our stockholders without We have not paid cash dividends since 1986, and, at the present charge. Requests should be sent to Sreeram (Sam) Ramraj in our time, we do not anticipate paying dividends on our outstanding Investor Relations Department at our corporate office address common stock in the near future. In addition, we are precluded (above), via e-mail at investor.relations@urs.com, or by calling by provisions in our 2007 Credit Facility from paying cash divi- 877.877.8970. The Form 10-K also can be accessed on our Web dends on our outstanding common stock until our Consolidated site at www.urs.com. Leverage Ratio 1 is equal to or less than 1.00:1.00. Please refer to Note 9, “Indebtedness” and Note 14, “Stockholders’ Equity” Supplementary financial information and selected financial to our “Consolidated Financial Statements and Supplementary data required by Rule 14a-3(b) of Regulation 14A of the Securities Data,” included in our Annual Report on Form 10-K for the fiscal Exchange Act of 1934, as amended, is included in our Annual year ended December 31, 2010. Report on Form 10-K for the fiscal year ended December 31, 2010, which accompanies this Annual Report to Stockholders. 1 Consolidated Leverage Ratio is as defined in Note 9, “Indebtedness” to our “Consolidated Financial Statements and Supplementary Data” included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2010. URS Corporation’s 2010 Annual Report to Stockholders contains statements that are not historical fact and that may constitute forward-looking statements involving risks and uncertainties, © URS Corporation 2011 Design and illustration: including statements about our future growth and future eco- Unless otherwise indicated, all trademarks appearing in this Annual Report are OTTO NY ottony.com nomic and business conditions. Our actual results could differ owned by URS Corporation and its affiliates. Photo credits: COVER materially from those discussed in this Annual Report. Factors Pages 10-18, photos by John Madere; Page 20, top left photo by Bob Hughes, top middle, top right and large photos courtesy of the U.S. Department of Defense; that might cause such a difference include, but are not limited Page 22, top middle photo courtesy of California High-Speed Rail Authority/ to, those discussed under “Risk Factors” in URS Corporation’s NC3D, large photo by David Nightingale; Page 24, photos courtesy of Photographic California High-Speed Rail; Sellafield Nuclear Complex; Port Annual Report on Form  10-K, which accompanies this Annual Services, Shell International Ltd.; Page 26, top left photo by Tim Shaw, large photo by David Lawrence; Page 28, top right photo and large photo by David Lawrence. Washington Power Plant; Bridge of Honor spanning the Ohio River; Report and also was filed with the Securities and Exchange Shell Master Services Alliance; Reaper Unmanned Aircraft System. Commission on February 28, 2011.
  • 3. Financial Highlights Financial data for the past five fiscal years are summarized below. This financial data should be read in conjunction with the information contained in our financial statements and accompanying notes, and in the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2010. URS’ Form 10-K, which was filed with the Securities and Exchange Commission on February 28, 2011, accompanies this Annual Report to Stockholders. Year ended Year ended Year ended Year ended Year ended December 31, January 1, January 2, December 28, December 29, (In millions, except per share data) 2010  1,2 2010 1 2009 1 2007 1,3 2006 1 Income Statement Data: Revenues $ 9,177.1 $ 9,249.1 $10,086.3 $ 5,383.0 $ 4,222.9 Cost of revenues (8,609.5) (8,772.4) (9,608.8) (5,095.2) (3,978.1) General and administrative expenses (71.0) (75.8) (78.7) (56.5) (43.3) Acquisition-related expenses 2 (11.9) — — — — Restructuring costs 4 (10.6) — — — — Impairment of an intangible asset 5 — (32.8) — — — Equity in income of unconsolidated joint ventures 6 70.3 100.9 106.3 31.5 17.3 Operating income 544.4 469.0 505.1 262.8 218.8 Interest expense (30.6) (48.4) (90.7) (27.7) (19.8) Other income, net 7 — 47.9 —   —​  — Income before income tax 513.8 468.5 414.4 235.1 199.0 Net income attributable to URS  287.9 269.1 219.8 132.2 113.0 Diluted earnings per share  $    3.54 $    3.29 $    2.59 $    2.30 $    2.15 Balance Sheet Data (As of the end of period): Cash and cash equivalents $   573.3 $   720.6 $   224.0 $   256.5 $    89.5 Total assets $ 7,351.4 $ 6,904.4 $ 7,001.2 $ 6,930.0 $ 2,581.0 Total indebtedness $   701.8 $   805.0 $ 1,108.0 $ 1,306.8 $   168.6 Total URS stockholders’ equity 8 $ 4,117.2 $ 3,905.8 $ 3,624.6 $ 3,478.6 $ 1,506.7 Corresponding footnotes are presented on page 31 of this Annual Report to Stockholders. Net Income Total URS Revenues Attributable to URS Stockholders’ Equity Backlog in millions in millions in millions in millions $10,086.3 $287.9 $4,117.2 $17,659* $17,309* $17,282* $3,905.8 $16,608* $269.1 $9,249.1 $9,177.1 $3,624.6 $3,478.6 $219.8 $5,383.0 $132.2 $4,222.9 $113.0 $1,506.7 $4,637* * Unaudited 06 07 08 09 10 06 07 08 09 10 06 07 08 09 10 06 07 08 09 10
  • 4. Chairman’s Letter TO OUR STOCKHOLDERS: In fiscal 2010, URS performed well, while continuing to position the Company for growth as the economy recovers. The strategic diversification of our business and our competitive position in the markets we serve enabled us to deliver strong financial results, despite the ongoing economic challenges. Our federal and infrastructure businesses continued to grow, and we are encouraged by signs of improvement in our power and industrial and commercial businesses. As a result of our solid performance and ability to generate high levels of cash, we made strategic investments to expand the Company’s operations in growing interna- tional markets. Financially and competitively, URS remains strong. For diversification to succeed throughout the business cycle. the 2010 fiscal year, we reported revenues of $9.2 billion and For more than a decade, we have focused on broadening net income of $288 million. Earnings per share (EPS) were our business in stable, long-term markets, expanding our $3.54, a 7.6% increase from 2009 and our sixth consecutive resources and technical capabilities, and extending our year of EPS growth. We generated $528 million in net cash geographic reach. Through the careful and deliberate execu- from operating activities, ending the year with $574 million tion of this strategy, we have built a diversified business in cash and short-term investments. During 2010, we repaid that we believe can weather almost any economic climate. $150 million in debt, reducing our net debt at the end of Our balanced business mix has enabled us to deliver con- 2010 to just $128 million. We also used approximately $292 sistent results, achieve EPS growth and generate strong million in cash to complete the acquisition of Scott Wilson cash flow—during the longest recession since the Great Group plc, a UK-based engineering and design firm with Depression. It also has enabled us to outperform many of more than 5,500 employees in offices worldwide. our competitors throughout the economic downturn. The acquisition of Scott Wilson has significantly expanded our business outside of North America—a long- The acquisition of Scott Wilson term goal for URS. Scott Wilson adds critical scale to our international operations, creating new opportunities in adds critical scale to our strategically important markets and geographies. URS international operations, creating now is ranked among the top ten engineering firms in the new opportunities in strategically United Kingdom by revenue, and we have expanded our important markets and geographies. presence in Continental Europe, as well as in India and China—two of the world’s fastest growing economies. We also have enhanced our global capabilities in key infrastruc- In the past year, increased public sector spending by ture markets, including mass transit, high-speed rail, roads clients in our federal and infrastructure market sectors and bridges, airports, and ports and harbors. helped to offset declines in capital expenditures by our pri- Acquiring Scott Wilson was an important develop- vate sector clients in the power and industrial and commer- ment in our long-term strategy to build a large engineering, cial market sectors. We have built a large and growing federal construction and technical services organization with the business, and we continued to benefit from outsourcing by U.S. federal agencies and national governments outside the United States for the specialized engineering, construc- tion and technical services we provide. In addition, despite 2
  • 5. the budget challenges facing many of our state and local Our results would not have been possible without the government clients, our infrastructure business also had dedication of our 47,000 employees worldwide, and I should a successful year—driven largely by the diversity of fund- like to thank them for their hard work in the past year. ing sources that were available to finance infrastructure Their commitment to delivering technically superior ser- improvement programs. vices to our clients in the safest possible manner—and to conducting our business according to the highest ethical standards—is the foundation of our success. I also thank Our balanced business mix has enabled our stockholders and clients for their continued support and US to deliver consistent results, confidence in URS. achieve EPS growth and generate strong cash flow—during the longest our employees’ commitment to recession since the Great Depression. delivering technically superior services to our clients in the As anticipated, our power and industrial and com- safest possible manner is mercial businesses were affected by the continuing weak the foundation of our success. economy in 2010. However, with the economic recovery gaining momentum, we expect improved results in these sectors in the year ahead. The pace of procurement activity Finally, I should like to extend my sincere gratitude to and contract awards among our power clients has started Armen Der Marderosian and William Walsh, both of whom to improve, and our backlog of work is growing. Similarly, in will be retiring after many years of distinguished service the industrial and commercial sector, many of our clients are as members of the URS Board of Directors. Mr. Walsh has increasing their capital expenditures and restarting projects served on the Board of Directors since 1988, and Mr. Der that previously had been delayed or deferred. With our Marderosian joined the Board in 1994. Their leadership and expanded international resources and capabilities, we are astute business perspectives have been invaluable to URS better positioned to serve the needs of our FORTUNE 500 as we have grown. clients and other large, multinational corporations across I look forward to updating you on our progress in 2011. their global operations. Although we recognize that there are still challenges ahead, we believe URS is poised for even stronger performance as the economy recovers. Because of our international expansion in the past year, we selected A World of Experience as the theme for our 2010 Annual Report. The report highlights the wider scope of URS’ worldwide operations, as well as our expanded international capabilities and project experience. It also Martin M. Koffel captures our optimism about our long-term potential, includ- Chairman and Chief Executive Officer ing new opportunities available to us with the addition of Scott Wilson. 3
  • 6. A World of Opportunity Today’s global economy offers companies like URS significant opportunities. Developed nations around the world face the need to upgrade and rehabilitate their infrastructure, public buildings, industrial facilities and power systems, while developing regions are under increased pressure to build new facilities in order to compete in the global marketplace. URS has built a diversified business in our four key markets, and we have expanded our geographic presence, particularly in rapidly growing economies outside of the United States. 4
  • 7. Infrastructure The American Society of Civil Engineers estimates that $2.2 trillion in investment is needed to reverse $1.9 the deteriorating condition of public infrastructure in the United States. Billion India’s new five-year infrastructure plan, currently being developed, is expected to double investment to $1 trillion. FY 2010 Revenue In Australia, more than $34 billion in rail infrastructure projects currently are under construction, in planning or proposed. Revenues from our infrastructure China’s five-year infrastructure 14% sector business plan totals $1 trillion and focuses increased on urban transportation, includ- ing high-speed rail between major population centers and urban-rural rail links. in 2010. Modern and reliable infrastructure is an essential With the addition of Scott Wilson in September 2010, component of a strong, vital economy. Overburdened we have broadened our global footprint to pursue infra- or obsolete roads, bridges, airports, rail transportation structure opportunities in key regions around the globe. systems, and ports and harbors hinder the efficient move- URS now is ranked among the top ten engineering firms ment of people and goods—resulting in lost time and in the United Kingdom by revenue, and we have expanded productivity. From North America and Europe to Asia and our presence in Continental Europe and the Middle East, Australia, governments around the world face major chal- as well as in the rapidly growing economies of India and lenges to expand and modernize infrastructure to ensure China. We also have enhanced our capabilities in high- their competitive advantage in the global economy. growth infrastructure markets—including rail and transit, For more than a century, URS has been at the fore- roads and bridges, and ports and harbors. front of efforts to improve critical infrastructure through- out the United States. We are one of the few firms in the industry with the in-house capabilities to support every stage of large-scale infrastructure projects, from plan- ning and design through construction and construction management to operations and maintenance. Although many U.S. states face serious budget defi- cits, they are successfully financing infrastructure pro- grams through alternative sources. These sources include bonds, dedicated tax measures, users’ fees, federal stimu- lus funding and public-private partnerships. 5
  • 8. Federal URS has built a large, diversified and growing busi- The DOD’s budget request for the federal government’s ness in the federal sector. Today, we provide engineering, 2012 fiscal year, which begins October 1, 2011, includes construction, operations and maintenance, and special- $204 billion for operations and maintenance and $75 billion ized technical services to the Department of Defense for research, development, test and evaluation—budget (DOD), the Department of Energy (DOE) and more than line items that are important to our federal business. 25 other U.S. federal departments and agencies, as well As the largest environmental management con- as to agencies of other national governments. As a lead- tractor to the DOE, URS provides environmental and ing federal contractor, we assist our clients in fulfilling nuclear management services at some of the most com- their most critical missions—often through large, bundled plex sites and facilities across the United States. And, in contracts that allow them to procure our services easily the United Kingdom, a URS-led consortium manages the and without delay. operations and cleanup of the Sellafield nuclear complex, URS supports the DOD at virtually every stage of one of the world’s largest nuclear sites, for the Nuclear its operations—from developing new weapons systems Decommissioning Authority. and refurbishing military vehicles and aircraft to man­ We expect to continue to benefit from sustained aging complex installations and providing decommission- funding for these programs. The UK Coalition Government ing and closure services for facilities no longer in use. has provided $2.4 billion for the Sellafield site for each of We also design and construct infrastructure at military the next four years. In addition, the proposed DOE budget installations worldwide. for 2012 includes $6.1  billion for environmental manage- The diversity of our federal business means we are ment programs. This funding should support much of our less susceptible to budget uncertainties or funding for DOE work in the year ahead. any single program. In the year ahead, proposed funding for much of our DOD work is expected to remain stable. $4.5 URS REVENUE BY MARKET Power Billion Federal 12% Industrial Commercial 18% 49% 21% FY 2010 Revenue Infrastructure Revenues from our federal The DOD’s 2012 budget sector business request includes increased $204 billion 9% for operations and maintenance, an 11% increase from 2011 levels. in 2010. 6
  • 9. Power Electricity Net Generation Other $1.1 By Source Coal 5% Natural Gas Source: U.S. Energy Information 23% Billion Administration, Annual 45% Energy Review, 2009 7% Hydroelectric 20% FY 2010 Revenue Nuclear In the United States, electricity 65% generation from renewable energy sources of the new generating capacity added increased 33% to the U.S. power grid since the between 2008 and 2010. 1990s has been from gas-fired power plants. The power industry is shaped by economic trends, The dramatic growth in renewable energy is creating regulations and technical advances that interact to new demands to modernize and extend transmission and create growth cycles for our power business. When the distribution systems so that electricity from alternative economy slowed and demand for electricity fell, capital sources—such as remotely located wind or solar farms— spending by our power clients declined. But, as economic can be transported to major population centers. conditions improve and new environmental mandates As a leader in nuclear power, URS also is helping utili- take effect, there are signs that the power sector is poised ties maintain the viability and efficiency of their nuclear for a recovery. fleets. More than 100 nuclear generating units operate Increasingly stringent restrictions on the emissions in the United States today, accounting for 20 percent of from coal-fired power plants are creating new opportu- the country’s electricity production. URS is one of only nities for our air quality control business. Today, coal- a few contractors with the expertise to perform major fired plants are the largest source of electricity in the capital improvement projects—including the replacement United  States, but many facilities have inadequate pol- of steam generators and other major components—to lution controls to meet a 2015 federal deadline for addi- increase the output, efficiency and reliability of existing tional emissions reductions. URS is a leader in this market, nuclear power plants. having installed air quality control systems at more than 200 power plants. With demand for electricity projected to rise, there is renewed interest in natural gas as a cleaner burning, readily available alternative to coal-fired generation. We have designed or constructed nearly 100 gas-fired power plants, and we anticipate increased demand for the ser- vices we provide to develop or expand gas facilities. 7
  • 10. Industrial Commercial URS has built long-standing business relationships As URS has grown and extended its geographic reach, with FORTUNE 500 and other multinational corpora- we have expanded our work and the services we provide tions around the world by providing complete life-cycle to many of our largest industrial and commercial clients. services to meet their engineering, construction and Today, much of this work is performed under long-term environmental needs. As demand for oil and gas, manu- Master Services Agreements—multi-year contracts that factured goods and mineral resources declined during the cover a broad range of engineering and environmental recession, many of our clients delayed or curtailed capital services at sites around the world. spending. However, as the economy recovers, activity in With the addition of Scott Wilson to URS, we have the industrial and commercial sector is increasing, creat- expanded our global resources and are better positioned ing new opportunities for our business. to support the needs of these clients throughout their In the oil and gas industry, rising oil prices have led worldwide operations. several of our clients to move forward with projects that were previously suspended—including oil sands proj- ects in Alberta, Canada, oil shale projects in Colorado’s Piceance Basin and gas pipeline projects in Alaska. Higher commodity prices for base and precious met- als, fueled by strong demand from China and India, have accelerated our work on mining projects in Australia. In the manufacturing market, growing consumer spending is leading to increased production, resulting in new demand for the engineering, construction and facility manage- ment services we provide. Oil Prices $/Barrel $1.6 140 100 60 Billion FY 2010 Revenue 20 1/06 1/07 1/08 1/09 1/10 1/11 Rising oil prices are leading to increased global capital spending in oil and gas production and exploration. In 2011, spending is expected to reach $490 billion, an 11% increase from 2010. Sources: U.S. Energy Information Administration, March 2011 Barclays Capital, December 2010 According to a survey of senior executives and consultants in the mining industry, global mining expenditures are expected to reach 6% $120 billion U.S. industrial production increased $115 to in the last year, following nearly two years of decline. in 2011, above the peak of $110 billion set in 2008. Source: U.S. Federal Reserve Source: Financial Times, December 2010 8
  • 11. A World of Talent What differentiates URS from our competitors is our people. With some of the most talented professionals in the industry, URS has the skills and resources to complete the most challenging projects in the infrastructure, federal, power, and industrial and commercial markets—anywhere in the world. Our employees also embrace the opportunity to “give back,” volunteering their time and expertise in support of charities, and community outreach and mentoring programs. 9
  • 12. London Office With more than 500 employees, URS’ London office is Our staff is engaged in some of London’s most pres- one of our largest in Europe. Previously the headquarters of tigious projects, including Crossrail, Europe’s largest civil Scott Wilson, it remains an important hub for URS’ opera- engineering construction project, and the Brent Civic tions in the region. Centre, designed to be the United Kingdom’s “greenest” With a full complement of civil and structural engineers, civic building. Our UK operations also have won several environmental scientists, sustainability experts and con- highly regarded awards from professional societies and struction specialists, our London office provides services government organizations, including the Queen’s Award for across the full life cycle of projects. Working together as Enterprise: International Trade. members of multi-disciplinary project teams, URS employees In addition to undertaking projects locally, staff in plan, design and manage the rehabilitation and construction London support multinational clients on projects around of highways, bridges, mass transit systems and major facili- the world, often in collaboration with colleagues from other ties, such as schools, hospitals, hotels and stadiums. international offices. 10 9 11 13 14 8 12 4 6 5 3 2 1 10
  • 13. German Roadway Olympic London’s flagship stations. is at the cutting edge of Improvements Delivery Authority / 9–14 / Darren Brooke, sustainable development. Johnny Adaime, Alison NISP develops mutually Since 2005, URS has served URS has been working with the Argust, Howard Augustus, profitable links between as the Lenders’ Technical Olympic Delivery Authority Ka-Ho Li, Robert Duffy companies so that under- Advisor on five public- on the Planning Framework used resources, such as private partnership roadway for the London 2012 Games Thames Tunnel energy, water and materials, improvement projects in since 2006. / 4–8 / from one business can Germany. URS has supported Thomas Smith, Annabel Through its appointment be reused or reprocessed the bidding consortia to a Buralli, Gareth Wilson, Lesley to a Planning Studies by another. / 20–21 / James successful financial closing Keable, Martin Herbert Framework, URS is support- Bisco, Caroline Brock on two of the projects, ing the delivery of the and currently is supporting Crossrail Thames Tunnel. The project Brent Civic CentRe a bidding consortium for involves building a tunnel the widening of a section of Crossrail is a new east-west under London to stop com- URS, in partnership with the Federal Motorway. / 1–3 / rail route across London. URS bined sewer overflows Hopkins Architects, is Anandan Kumar, Wendy is providing a wide range of and improve water quality in providing engineering and Chung How, James Kyritsis civil, structural and electrical the River Thames. / 15–19 / environmental services, engineering services for Shibani Bose, James Allan, including significant sustain- both above- and below-ground Eleanor Cole, Julia Ryan, able design advice, for tracks and stations, includ- Charlotte Cook the design of Brent Council’s ing the design for Paddington new civic centre, which is and Farringdon, two of central National Industrial expected to be the United Symbiosis Programme Kingdom’s “greenest” civic building. / 22–27 / Jason Lee, URS is a key partner for Chris Gaskell, Karl Walker, 17 15 the award-winning National Rick Hilton, Christina 18 Industrial Symbiosis Petrides, Mike Pauley 16 Programme (NISP), which 19 21 7 24 20 GREENCOAT PLACE HISTORY URS’ London office is located at Greencoat Place, which 23 25 was constructed between 22 1883 and 1885 by J. Bull. It was originally used as a warehouse by the Army and Navy stores (a UK depart- ment store group). Damaged during World War II, the structure was rebuilt in stages, which is reflected in its more modern façade and mix of architectural styles. As shown in the photo, the building’s glazed rooms, previously used as meat and 27 fish trading halls, display original Victorian detailing. The glazed halls were restored when the building 26 was renovated prior to Scott Wilson’s occupation. The result is a unique office space with generous natural light. 11
  • 14. China Operations URS’ China operations comprise 1,100  employees in a companies also rely on the skills of URS’ environmental and network of 12 offices. With the addition of Scott Wilson, health and safety experts to help them comply with China’s we now provide a diverse range of planning, design, environ- new, more stringent regulations. mental, engineering and construction services that can URS teams are working on important projects through- meet the needs of clients in this rapidly growing economy. out China, such as overseeing the fast-track construction of Our engineers, architects, planners, scientists, landscape the Wuxi Integrated Transportation Hub—the second larg- designers and construction management specialists work on est development of its kind in China. The new hub will link a range of transportation and urban infrastructure, as well high-speed intercity railways with metro stations for local as manufacturing plants, hotels and mixed-use commercial underground and above-ground rail lines. It also includes a and residential complexes. Many local and multinational large shopping mall, hotel, bus terminal and parking facilities. 5 3 6 11 2 9 12 4 10 8 1 7 S enior Project C ost Management D esign Management C onstruction Management Management We are responsible for To ensure that design quality URS provides overall project procurement, advising on and project standards are We deliver on-site manage- management, including qualified contractor met, URS manages the design ment of construction managing relationships with selection and managing of architects, design insti- processes, including techni- client teams and project project costs during tutes and other consultants; cal review and quality and stakeholders, to ensure that the planning, design and on-site design revisions; safety management, to ensure the project is delivered construction stages. and site installation work. that project delivery is in in accordance with contract / 3–4 / Qian Xinsheng, / 5–7 / Samuel Yu, Johnson line with client scope, budget requirements and client Wendy Xiang Liu, Alina Zhao and schedule. / 8–12 / Ren expectations. / 1–2 / C L Lau, Zhongqin, Tao Jinbing, Zeng Yang Xianhua Gewen, Ma Yafeng, Wu Hao 12
  • 15. Dam and Levee Engineering Australia URS has extensive experience in the design and reha- Australia, exemplifies the broad skills and geographic bilitation of thousands of dams, levees and other hydraulic breadth of URS’ dam and levee practice. Our Australia-based structures. We are one of the largest dam and levee design- team was supported by nearly 200  URS water resources ers in both Australia and the United States, and one of staff from Colorado, California and New Zealand during the the leading dam and levee designers worldwide. Our staff course of the project. includes the full range of professionals in the specialized The technically complex project involved raising the dam technical disciplines needed for dam design and construc- from 93.5 meters to 108.5 meters in order to increase water tion projects, including engineering geologists; geotechnical, supply to a full capacity of 310  billion liters. The URS team structural, mechanical, electrical, environmental and earth- employed many design innovations to increase the dam’s quake engineers; and hydrologists. storage capacity, while reducing downstream flood risk. The design team for the upgrade of the Hinze Dam, which provides much of the water to the Gold Coast in Queensland, 5 3 6 7 10 4 8 11 1 12 2 9 S pillway Design E mbankment Design I nfrastructure M anagement Design Support T he new spillway design U RS assessed the complex optimized the flood mitiga- foundation conditions at the Infrastructure across the site A s the design lead of the tion benefits downstream site and designed a 15-meter was upgraded, including highly successful Hinze of the dam and increased raise of the existing earth a recreation area, internal Dam Alliance project team, maximum potential flood and rockfill embankment. The roads, drainage, power, URS’ role was to oversee capacity. A key challenge was work included a 700-meter- water and communications the technical aspects surpassing the capacity of long extension of the saddle systems. The work also of the design. Managing the the original spillway structure, dam across the right bank to included mechanical and project also included close which had been designed for accommodate the increased electrical design to upgrade collaboration with URS’ less than half the flood flow of level of the reservoir. / 3–6 / the outlet facility, pump Alliance partners and other the new structure. / 1–2 / James Toose, Mark Foster, station, and electrical and stakeholders, including Steve O’Brien, Mike Phillips Gavan Hunter, Rob Campbell control systems. The dam the owner, dam operations, remained in full operation regulatory agencies and during construction of these community members. / 10–12 / improvements. / 7–9 / Jared Bob McGowan, Chris Dann, Weir, Rob Myers, Anna Hams Melanie Preston 13
  • 16. Power CAPABILITIES Princeton, New Jersey With more than 100 years of experience serving the For the commercial nuclear market, we have engineered power industry, URS’ expertise encompasses virtually every or constructed 49 power plants worldwide, and our SGT, type of power generation, including fossil fuel, nuclear and LLC joint venture provides steam generator and large com- alternative energy. We have engineered and/or constructed ponent replacement services to improve the efficiency and power plants generating more than 250,000 megawatts of extend the life of existing nuclear plants. electricity and have worked on hundreds of transmission Our power professionals are located around the world, and distribution, and substation projects. including Princeton, New Jersey, where, in addition to nuclear, URS provides a full range of engineering, procurement civil, mechanical, electrical and process engineers, URS and construction services for natural gas-fired power plants. employs architects, environmental and project controls spe- Our experience includes more than 32,000 megawatts of new cialists. Many of our highly skilled staff also have achieved generation and covers every combustion turbine technology. safety trained supervisor certification. URS also is a leader in clean-air modifications. We have With a full complement of disciplines, URS serves the installed air quality control systems in more than 200 plants entire life cycle of power projects—from planning, engineer- to reduce sulfur dioxide, sulfur trioxide, nitrous oxides, mer- ing, procurement and construction to start-up, operations cury and other emissions. and maintenance, and decommissioning and closure. 7 5 6 3 4 12 2 10 1 11 8 9 New Generation Air Quality Combined Cycle Gas Control Systems U RS provides life-cycle Our engineering, procure- services to ensure that new ment and construction generation combined-cycle expertise is used to retrofit gas plants are constructed existing fossil fuel plants cost-effectively and oper- with clean-air emissions ate at the highest levels of technologies. / 8–12 / Ed safety, efficiency and Ventura, Cathy Schmitt, reliability. / 1–7 / John Moore, Jeremy Moore, Steve Bob Schad, Andrea Kelman, Pizzimenti, Harold Fletcher Minanka Ray, Joe Zachowski, Bob Thibodeau, Danny Chung 14
  • 17. 21 16 18 22 17 19 25 15 20 26 24 14 13 23 Tr ansmission Solar Nu clear Generation Distribution In addition to providing pro­- URS provides engineering, We offer consulting, project gram management and procurement, construction management, engineering, support services to utilities and start-up services for design, construction, for solar panel installa­- both nuclear plant modifica- start-up and maintenance tions, URS provides consult- tions and the development support for transmission ing services for solar power of new generation facilities. and distribu­tion systems, as installations on buildings. We are playing an integral well as substations. / 13–16 / / 17–22 / Darlene Schrock, role in the next generation Dianne Forman, Sunil Mital, Mike Lazar, Jeffery Krenski, of nuclear power plants. Zachary Riley, Jack Jolly Shanna Pfau, Mark Feldman, / 23–26 / Isamar Blumberg, Jim Aquilino Bryan Freeman, Peter Abate, Thomas Powell 15
  • 18. India Operations The New Delhi office is URS’ headquarters for our South over the next five  years. Such investment is evident in the Asia operations. Through the addition of Scott Wilson, we roads sector, where the National Highways Authority of now have more than 850 employees in offices in Bangalore, India has commissioned an ambitious project to upgrade, Chennai, Kolkata, Mumbai and Patna, and at numerous rehabilitate and widen India’s major highways. The National project sites. Highways Development Program (NHDP) is the largest Although traditionally known for providing planning, highways program in India’s history, covering more than engineering and construction services for highways and 70,000 kilometers. bridges in the region, our work has expanded into ports, URS’ experienced highways team in New Delhi com- railways, airports, power, water and urban infrastructure. prises structural, geotechnical and civil engineers, pavement Our New Delhi staff represents the full range of design and experts and construction specialists who provide complete engineering disciplines, from urban planners and architects project life-cycle services. The team, which has provided to hydrologists and transportation engineers. services for NHDP projects for many years, currently is To keep pace with its rapidly growing economy, India is working on more than ten assignments. expected to invest one trillion dollars in its infra­structure 7 2 8 3 4 9 5 6 1 U pper Ganga Canal J ammu Udhampur Expressway Section of NH-1A This unique project integrates U RS developed innovative a roadway design with structural solutions and a canal rehabilitation, new cost-optimization plans for hydroelectric power the design of a 64-kilometer stations and adjacent land section of National Highway-1A development. URS’ feasibility through a highly mountainous, study received the presti- ecologically sensitive area. gious British Expertise The project included numer- International Awards 2010/11 ous bridges, viaducts and Consultancy Project of the a twin tunnel. / 5–9 / Sajid Year. / 1–4 / B K Basu, Khan, Uma Shankar Rawat, D P Kala, Debargha Datta, Ganesh Chatrad, A K Dubey, Ranadeep Basu Brig C D Puri 16
  • 19. 10 17 23 13 15 24 22 11 25 18 14 16 19 20 12 21 Sone River Bridge L ong-Span Bridge C entral India State NH -36 and NH-54 Over River GodAvari Road Development Carriageway U RS provided design and project management services URS provided engineering For a state road development A URS construction supervi- for a 1,980-meter bridge on services for the design, project in central India, URS sion team supported the River Sone in the state construction, and operations provided construction supervi- upgrade of the NH-36 and of Bihar. The bridge features and maintenance for a major sion for the rehabilitation NH-54 into a single, four- continuous prestressed bridge across the Godavari of approximately 800 kilome- lane divided carriageway. concrete box girders, each River, as part of a Build, ters of state highways. The Located in the extreme spanning 60 meters. / 10–16 / Operate, Transfer/Public- project was spread over northeastern region of the H S Sharma, A K Padhy, Private Partnership. / 17–18 / eight districts of the highly country, the project tra- Priyanka Jain, Shrey Kumar S S Negi, K S Shiny mountainous Madhya verses a dense forest area Jain, Kamlesh Mishra, Sanjeev Pradesh State. / 19–21 / with very heavy rainfall. Gahir, Vikram Singh P B Ratnakumar, R K Pathak, / 22–25 / Jayasree Meenakshi Agarwal Ratnakumar, Neeraj Mallik, R N Chaddha, T Naresh 17
  • 20. Veteran Mentoring United States URS’ support of the military extends beyond our con- nation—it defines who we are as a company. Marian Hyder, tracts. Whether it’s helping a soldier obtain a position after Vice President of Talent Management for our Federal Services serving in the Army, pairing a veteran with a mentor to ease business, says, “Nothing brings us greater satisfaction than the transition to his or her first corporate job, sending care reaching out to our veterans. So many URS employees are packages to deployed soldiers or helping a wounded vet- former military—they’ve been there and understand the eran find fulfilling work, URS and our employees embrace importance of the support we provide.” the opportunity to give back to those who have served the 6 3 4 5 2 1 W ounded Ad opt A merican Corporate Partnership for WarriorS a Platoon Partners (ACP) Youth Success Program (PaYS) Dozens of disabled veterans Ensuring that U.S. service In 2010, 70 URS employees from all branches of the members are not forgotten served as mentors to Pairing U.S. Army veterans military are supported by during their deployment, returning veterans as part with civilian jobs ensures URS mentors who provide URS employees send weekly of the ACP program. They that companies like URS hire advice and encouragement cards and follow up with provided coaching, mentoring employees with a strong about how to reintegrate into monthly care packages contain- and networking support work ethic and highly special- the workplace. “There is nothing ing books, food and other to help their protégés secure ized skills. URS recently hired we wouldn’t do for our items. According to Human civilian jobs. Dennis Hunt, our first veteran through PaYS veterans,” says Jesse Barber, Resources Manager Pat Falls, Capture Manager, National and, according to Ken Reese, a Program Manager in the “URS has adopted dozens Security and Defense, is a URS Staffing Manager and Global Security Group. “We of platoons since 2007 and, a mentor to Bill Cuartas, retired Army recruiter, he also served, and now we want to date, several tons of and was recently named an is the first of many. Ken says, to help them begin the next packages have been sent by ACP Mentor of the Month. “PaYS will be a vital part of phase of their lives.” During our volunteers to deployed According to Bill, “Dennis URS’ hiring program for years the past 12 months, URS has soldiers.” To spread cheer during has been there for me every to come.” / 6 / Kenneth Reese hired 343 disabled veterans. the 2010 holiday season, step of the way. I would still / 1 / Jesse Barber 15 URS locations sent more be worried and unsure about than 1,300 stockings my transition without his to our troops. / 2 / Pat Falls help.” / 3–5 / Dennis Hunt, Bill Cuartas, Marian Hyder 18
  • 21. A World of Expertise With a presence in more than 40 countries around the world, URS has the local resources to meet our clients’ needs on a variety of projects, regardless of location or type of service required. Whether it’s an environmental assessment for one of the largest retail centers in Belgium, the expansion of a power plant in Detroit, the design of a high-speed rail network in the United Kingdom, the construction of a tailings dam in Australia or the maintenance of military equipment returning from the Middle East, URS has the experience to get the job done. 19
  • 22. URS provides design, engineering and As the U.S. military has increased its For the Predator and other unmanned construction services for beddown facilities use of intelligence and surveillance aircraft systems, URS supports to support several unmanned aircraft systems, URS has been called upon to command and control and IT operations, systems (UAS). At Beale Air Force Base in provide engineering for communi- as well as maintenance and training. California, URS designed and constructed cations systems for the Reaper UAS. new hangars to house the Global Hawk UAS. Unmanned Aircraft Systems In support of the DOD’s accelerating deployment of unmanned aircraft systems, URS provides wide-ranging program management, design, systems engineering, training, construction, and operations and maintenance services. 20
  • 23. The role of unmanned aircraft systems (UAS) has UAS SITES expanded dramatically during the last decade, as these sophisticated systems have demonstrated their value where URS currently in the War on Terror. In support of military operations in Iraq and Afghanistan, UAS have flown long missions and is working collected critical intelligence —all while being “piloted” South Dakota: by personnel thousands of miles from the combat zone. Ellsworth AFB In some cases, the intelligence obtained from a UAS is transmitted directly to soldiers on the battlefield using remote video terminals. Nevada: Missouri: Creech AFB, Whiteman AFB Used by the U.S. Air Force, Army and Navy, UAS Nellis AFB range in size from radio-controlled devices as small as a model airplane to more complex aircraft as large as a Boeing 737. The systems consist of the aircraft, sensors/payloads, command and control datalinks, the operator station, and the ground support equipment Virginia: required for launch and recovery, and operations and Dahlgren New Mexico: Naval Base maintenance. As technology has advanced and the sys- Holloman AFB tems have become more useful, UAS programs have Maryland: expanded, as have the services required to support Texas: Patuxent River their development and day-to-day operations. Naval Air Station Fort Hood URS has been involved in UAS programs since their inception. Today, we are one of the leading contractors in the UAS market and provide the services required to 10 design, build, test and fly unmanned systems. Our exper- tise also includes evaluating UAS, providing operational The U.S. Air Force has increased UAS factor of support from ground stations, training pilots, providing deployment by a maintenance services, and designing and building bed- down facilities. A current contract involves supporting the systems that provide command and control data, over the last five years. voice interconnectivity and video relays. These critical systems enable personnel to fly and control unmanned systems, such as the Predator and Reaper, worldwide. Longer term, the non-military applications for For the years 2010 Combined, the U.S. UAS are limitless. For instance, there is increasing through 2015, the Air Force, Army interest in using UAS to monitor borders and ports, DOD has requested and Navy forecast UAS to perform aerial photography and land surveying, to monitor forest fires and environmental conditions, and to support municipal law enforcement. $25 expenditures billion of more than for UAS development and $4.1 billion procurement. in the coming year. 21
  • 24. URS is providing quality control and We are providing design ser- During the development of the new safety services for the new Yunnan vices for a section of California’s Perpignan-Figueras rail line, URS provided section of the Yunnan to Guangxi high-speed rail system, the technical assistance services. Currently, high-speed rail line in China. The line is largest public works project we are providing operations and monitor- part of the strategically important in the United States since the ing services for the line, which travels Trans-Asian Railway that will extend construction of the Interstate through the Pyrenees and serves as a link to Southeast Asia. Highway System. between France and Spain. In the United Kingdom, URS provided design services for the West Coast Route Modernisation program—a major upgrade of the principal railway linking London, Birmingham, the North West and Glasgow. High-Speed Rail 22