Shaw Group Inc. (SHAW) said it has been awarded a worldwide environmental restoration and construction contract by the U.S. Air Force Center for Engineering and the Environment, or AFCEE.
Shaw's scope of work includes environmental remediation and construction, as well as restoration under the Air Force's Military Munitions Response Program, which seeks to make response sites safe and clean for reasonably anticipated future use.
Shaw is one of multiple firms selected to compete on task orders with a potential maximum contract value among all selected firms of $3 billion, if all options are exercised, through 2014. The amount included in Shaw's Environmental & Infrastructure segment's first quarter fiscal year 2010 backlog was undisclosed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.