URS Expands Stock Repurchase Program to up to 8M Shares

URS Corporation URS today announced that on February 25, 2011, its Board of Directors approved an increase of the Company's common stock repurchase program. Under the modified program, URS is authorized to repurchase up to eight million shares of the Company's common stock in fiscal year 2011, an increase of five million shares over the three million previously authorized. Unless the program is further modified by the Board, for each of fiscal years 2012, 2013 and 2014, the current term of the program, the repurchases will revert to the previously authorized three million shares, plus the number of shares equal to the excess, if any, of three million shares over the actual number of shares repurchased during the prior fiscal year.