The contract is for one year with four option years and has a capacity of $60 million, which could increase, depending on the work level.
The Pacer Forge Facility Support Phase II contract follows a similar five-year project completed by Washington Group in October. Pacer Forge Facility Support Phase I had revenue of approximately $40.5 million.
"I want to congratulate our project team in Egypt," says Stephen Hanks, president and chief executive officer of Washington Group. "Their superior performance on the first Pacer Forge project was instrumental in the decision by the Egyptian and United States Air Forces and theU.S. Corps of Engineers to negotiate this sole-source replacement contract with our company."
Washington Group International, Inc., is an international engineering and construction firm with more than 30,000 employees at work in 43 states and more than 35 countries.
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