Washington Group International to Share in $10 Billion, 10-Year Contract to Provide Rapid Response Support for the U.S. Air Force and Department of De

A Washington Group International (Nasdaq: WGII) led team is one of six teams selected to share a contract to provide a wide range of support services to meet the needs of the U.S. Air Force and Department of Defense worldwide. Washington Group, teaming with ITT Industries Systems Division, Colorado Springs, Colo., will be assigned or will compete for tasks under the $10 billion indefinite delivery/indefinite quantity contract with the Air Force. Contractors will be expected to provide rapid global response with a wide range of support services such as planning, logistical services, engineering, and construction for up to a 10-year period under the scope of this contract in support of military operations, humanitarian aid, disaster relief, and other missions. "We have decades of experience supporting our armed forces dating back to World War II and continuing today with the current military action in Iraq and Afghanistan," said Stephen G. Hanks, president and chief executive officer. "Our ability to quickly mobilize large amounts of material, equipment, and people anywhere in the world fits well with the rapid response needs that are required to support the Air Force under this contract." There is no pre-determined value for the individual task orders to be awarded under the contract, which has a maximum $10 billion ceiling over the 10-year period. About Washington Group International Washington Group International, Inc. (http://www.wgint.com) provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. With approximately 25,000 employees at work in more than 30 countries, the company provides professional, scientific, management, and development services in more than two dozen major markets including power generation, transmission and distribution, and clean air solutions; environmental remediation; heavy civil construction; mining; nuclear services; defense, homeland security, and global threat reduction; industrial, chemical, and pharmaceutical processing; manufacturing; facilities operations and management; transportation; and water resources. About ITT Industries ITT Industries Systems Division (http://www.ittsystems.com) provides select government, commercial and international customers value-added, total worldwide systems solutions for their turn-key satellite earth terminals, air and missile defense, communications, command and control, range, spacelift and surveillance needs, as well as full logistics life cycle support services for facilities and equipment. ITT Industries, Inc. (http://www.itt.com) supplies advanced technology products and services in key markets including fluid and water management; defense communication, opto-electronics, information technology and services; electronic interconnects and switches; and other specialty products. Headquartered in White Plains, NY, ITT Industries generated $6.8 billion in 2004 sales. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof or other variations thereof. Each forward-looking statement, including, without limitation, any financial guidance, speaks only as of the date on which it is made, and Washington Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. The forward-looking statements are necessarily based on assumptions and estimates of management and are inherently subject to various risks and uncertainties. Actual results may vary materially as a result of changes or developments in social, economic, business, market, legal, and regulatory circumstances or conditions, both domestically and globally, as well as due to actions by customers, clients, suppliers, business partners, or government bodies. Performance is subject to numerous factors, including demand for new power generation and for modification of existing power facilities, public sector funding, demand for extractive resources, capital spending plans of customers, and spending levels and priorities of the U.S., state and other governments. Results may also vary as a result of difficulties or delays experienced in the execution of contracts or implementation of strategic initiatives. For additional risks and uncertainties impacting the forward-looking statements contained in this news release, please see "Note Regarding Forward-Looking Information" and "Item 1. Business - Risk Factors" in Washington Group's annual report on Form 10-K for fiscal year 2004.

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