Home / Press Releases / TRC Awarded $19.9 Million Los Angeles County Metropolitan Transportation Authority Contract

TRC Awarded $19.9 Million Los Angeles County Metropolitan Transportation Authority Contract

LOWELL, Mass.–(BUSINESS WIRE)–TRC Companies, Inc. (NYSE: TRR) announced today that it signed a contract with the Los Angeles County Metropolitan Transportation Authority (Metro) for on-call environmental engineering services. The Indefinite Delivery Indefinite Quantity Contract is for a three-year term with a potential option for an additional two years of annual extensions and is funded for $19.9 million.

Metro serves as transportation planner and coordinator, designer, builder and operator for Los Angeles County’s public transit system now serving more than nine million people within its 1,433-square-mile service area. Besides operating over 2,000 peak-hour buses on an average weekday, Metro also designed, built and now operates 73.1 miles of rail lines. TRC will be called upon to work on specifically scoped task orders in support of Metro’s environmental engineering program.

“TRC was selected as the most qualified firm resulting from our RFP process,” said Bruce Warrensford, Metro Director of Contract Administration, Construction. “We look forward to working with them on our ambitious environmental program.”

“We are pleased to support Metro’s program over the next several years and hope to build upon the work we provided the Authority over the past four years,” said David Zarider, TRC Senior Vice President. “It is particularly important to us since we contemplate expanding beyond our services in the areas of environmental assessment, engineering design, remediation, compliance, and construction oversight, into the emerging areas of, sustainability, climate change services, and energy efficiency for Metro.”

About TRC

TRC creates and implements sophisticated and innovative solutions to the challenges facing America’s environmental, energy, and infrastructure markets and is a leading provider of technical, financial, risk management, and construction services to commercial and government customers across the country. For more information, visit TRC’s website at www.TRCsolutions.com.

Forward-Looking Statements

Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as “may,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” or other words of similar import. You should consider statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial condition, or state other “forward-looking” information. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the availability and adequacy of insurance; the uncertainty of our operational and growth strategies; regulatory uncertainty; the availability of funding for government projects; the level of demand for our services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; changes in our senior management; the results of outstanding litigation; risks arising from either failure to identify, or from identified material weaknesses in our internal controls over financial reporting or our inability to effectively remedy such weaknesses; our inability to comply with the terms of our credit facility and our lenders’ future unwillingness to waive our noncompliance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in our Annual Report on Form 10-K for the fiscal year ended June 30, 2008, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in our other filings with the Securities and Exchange Commission.

About Doug Fred E.I.

Check Also

Change in Leadership at Scantek, Inc.

On October 16, the Board of Directors for Scantek, Inc. appointed Steve Marshall to the position …

Leave a Reply