URS Corporation (NYSE:URS) today announced that it has acquired ForeRunner Corporation (“ForeRunner”), an engineering and construction management company specializing in projects for the oil and gas industry. ForeRunner has approximately 150 employees and is headquartered in Lakewood, Colorado. The financial terms of the transaction were not disclosed.

ForeRunner provides project management, engineering and design, and construction management services, primarily for the development of oil and gas pipelines and compression, storage and processing facilities. The company has completed approximately 1,800 projects throughout the United States since its founding in 1996. ForeRunner complements URS’ expertise in environmental permitting and the design and construction of oil and gas production and storage facilities, processing plants, refineries and related infrastructure.

Commenting on today’s announcement, Gary V. Jandegian, President of the URS Division, said: “With its talented professionals, relationships with Fortune 500 clients and strategic location near some of the nation’s largest natural gas and oil fields, ForeRunner enhances URS’ ability to pursue new opportunities and better serve existing clients in the oil and gas sector.”

URS Corporation (NYSE: URS) is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. The Company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; and decommissioning and closure services. URS provides services for power, infrastructure, industrial and commercial, and federal projects and programs. Headquartered in San Francisco, the Company operates through three divisions: the URS Division, the EG&G Division and the Washington Division. URS Corporation has more than 47,000 employees in a network of offices in more than 30 countries (www.urscorp.com).

Statements contained in this press release that are not historical facts may constitute forward-looking statements, including statements relating to the Company’s business outlook as well as other future business, economic and industry trends. The Company believes that its expectations are reasonable and are based on reasonable assumptions. However, such forward-looking statements by their nature involve risks and uncertainties. The Company cautions that a variety of factors, including but not limited to the following, could cause our business and financial results to differ materially from those expressed or implied in our forward-looking statements: economic weakness and declines in client spending; changes in our book of business; our compliance with government contract procurement regulations; impairment of our goodwill; impact of recent liquidity constraints upon us or upon our clients; our leveraged position and our ability to service our debt; restrictive covenants in our 2007 Credit Facility; our ability to procure government contracts; our reliance on government appropriations; unilateral termination provisions in government contracts; our ability to make accurate estimates and assumptions; our accounting policies; workforce utilization; our and our partners’ ability to bid on, win, perform and renew contracts and projects; our dependence on partners, subcontractors and suppliers; customer payment defaults; our ability to recover on claims; availability of bonding and insurance; integration of acquisitions; environmental liabilities; liabilities for pending and future litigation; the impact of changes in laws and regulations; nuclear energy indemnification; a decline in defense spending; industry competition; our ability to attract and retain key individuals; employee, agent or partner misconduct; retirement plan obligations; risks associated with international operations; business activities in high security risk countries; third-party software risks; terrorist and natural disaster risks; our relationships with our labor unions; our ability to protect our intellectual property rights; anti-takeover risks and other factors discussed more fully in our Form 10-Q for the period ended July 3, 2009 as well as in other reports subsequently filed from time to time with the United States Securities and Exchange Commission. The forward-looking statements represent the Company’s current intentions as of the date on which it was made and we assume no obligation to revise or update any forward-looking statements.