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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who started this subject4/8/2003 1:00:11 PM
From: Joseph B. Schmidt  Read Replies (1) of 23958
 
in some PCR for a hold on this news:

Perini Corporation Selected by U.S. Army Corps of Engineers forConstruction Projects in U.S. Central Command's Area of Operations
FRAMINGHAM, Mass., Apr 8, 2003 (BUSINESS WIRE) -- Perini Corporation (AMEX:PCR) announces the award of a one year indefinite delivery/indefinite quantity (IDIQ) contract by the U.S. Army Corps of Engineers, Transatlantic Programs Center, for design-build, general construction, and short term operation and maintenance services in various locations throughout U.S. Central Command's area of responsibility. This area encompasses 25 countries located throughout the Horn of Africa, South and Central Asia, the Arabian Peninsula, and Northern Red Sea regions.

The contract, worth up to $100,000,000, is one of three contract awards made by the Corps of Engineers for new construction, restorations, renovation and repair, design-build, and O&M services to respond to the contingency needs that might arise within the U.S. Central Command area. Where practicable, task orders will be awarded among the three selected contractors on a competitive basis.

Typical projects may provide facilities for United States military forces, other U.S. government organizations, and friendly foreign governments. Perini is currently leading a design-build team to construct facilities to support the graduating battalions of the Afghanistan National Army under a separate Corps of Engineers contract.

Robert Band, President and Chief Operating Officer, comments, "We are proud of this opportunity to support the Army Corps of Engineers in its mission during this challenging time in our nation's history. Perini enjoys an excellent working relationship with the Corps on our current project in Afghanistan, having previously completed projects for them in the 1980s and 1990s. We are excited to be partnering with them again."

The Perini team includes Tetra Tech, POWER Engineers, Willbros Group, and Najad Rock Group.

About Perini Corporation

Perini is known for its rapid response for Department of Defense and Department of State programs, and for its hospitality and gaming industry, corrections, health care, sports, entertainment and educational expertise, as well as large and complex civil construction projects.

CONTACT: Perini Corporation, Framingham

Robert Band, 508/628-2295
or
Coffin Communications Group, Sherman Oaks, Calif.
Crocker Coulson, 818/789-0100

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