Washington Group International Wins Facilities-Management Work
08 September 2006 - 12:10AM
PR Newswire (US)
BOISE, Idaho, Sept. 7 /PRNewswire-FirstCall/ -- Washington Group
International (NASDAQ:WGII) announced today it has been selected to
provide facilities-management services at a microelectronics
production facility located in the western United States. Under a
three-year contract, Washington Group will manage and/or perform
operations and maintenance services for buildings, building and
process utilities, ultra-pure water systems, and industrial waste
treatment systems at the two million-square-foot, multibuilding
campus. "This significant contract for providing operations and
maintenance services is an important step in the continuing
expansion of Washington Group's services to high-tech clients,"
said Gary C. Baughman, president of Washington Group's
Industrial/Process Business Unit. "The facilities-management market
is seeing significant growth as companies concentrate more on their
core businesses as well as seek to reduce their operating costs."
Washington Group has been providing facilities-management services
to the microelectronics industry since 1990. The company provides
facilities-management and operations and maintenance services for
oil, gas and chemical; consumer goods; industrial goods; life
sciences; aerospace; medical; power; and government clients.
Washington Group International (NASDAQ:WGII) provides the talent,
innovation, and proven performance to deliver integrated
engineering, construction, and management solutions for businesses
and governments worldwide. Headquartered in Boise, Idaho, with more
than $3 billion in annual revenue, the company has approximately
24,000 people at work around the world providing solutions in
power, environmental management, defense, oil and gas processing,
mining, industrial facilities, transportation, and water resources.
For more information, visit http://www.wgint.com/. This news
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, which are
identified by the use of forward-looking terminology such as may,
will, could, should, expect, anticipate, intend, plan, estimate, or
continue or the negative thereof or other variations thereof. Each
forward-looking statement, including, without limitation, any
financial guidance, speaks only as of the date on which it is made,
and Washington Group undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date on which it is made or to reflect the occurrence of
anticipated or unanticipated events or circumstances. The
forward-looking statements are necessarily based on assumptions and
estimates of management and are inherently subject to various risks
and uncertainties. Actual results may vary materially as a result
of changes or developments in social, economic, business, market,
legal, and regulatory circumstances or conditions, both
domestically and globally, as well as due to actions by customers,
clients, suppliers, business partners, or government bodies.
Performance is subject to numerous factors, including demand for
new power generation and for modification of existing power
facilities, public sector funding, demand for extractive resources,
capital spending plans of customers, and spending levels and
priorities of the U.S., state and other governments. Results may
also vary as a result of difficulties or delays experienced in the
execution of contracts or implementation of strategic initiatives.
For additional risks and uncertainties impacting the
forward-looking statements contained in this news release, please
see "Note Regarding Forward-Looking Information" and "Item 1A. Risk
Factors" in Washington Group's annual report on Form 10-K for
fiscal year 2005. DATASOURCE: Washington Group International
CONTACT: Media, Jerry Holloway or Laurie Spiegelberg,
+1-208-386-5255, or Investors, Earl Ward +1-208-386-5698, all of
Washington Group International Web site: http://www.wgint.com/
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