According to a March 3 regulatory filing, URS expects 35% of its 2009 revenue to come from government spending. At that point, it had $10.2 billion worth of government contracts in its backlog.
URS expects 2009 revenues to be between $9.5 and $10.0 billion. Last year, revenues increased 87.4% to
At $50.55, URS stock is up 16% from a year ago while the S&P is still off by 23%.
Just Like WSP Group, URS Corporation was on a buying binge in 2007 and bought Washington Group International, an engineering firm with 25,000 employees that year.