Business Services Industry
Hill International Receives Significant New Task Orders for Work in Iraq
Business Wire, Oct 10, 2008
MARLTON, N.J. & BAGHDAD, Iraq -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been awarded several significant new task orders by Stanley Baker Hill, LLC to provide various construction management support services in Iraq. The one-year task orders have a combined estimated value to Hill of approximately $17.5 million.
Stanley Baker Hill, LLC, a joint venture of Stanley Consultants, Inc., Michael Baker Jr., Inc. and Hill, has been providing construction management support and architect-engineer services to the U.S. Army Corps of Engineers since 2004.
"The Corps of Engineers is an extremely important client to Hill," said Hans A. Van Winkle, P.E., President of Hill's Project Management Group (Americas). "We look forward to providing support to the Corps on these critical assignments," Van Winkle added.
Hill International, with 2,100 employees in 80 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 11th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
This press release includes certain statements that fall within the definition of "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors' and clients' actions, and other conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in Hill's filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by Hill is only a statement of management's belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management's belief, and Hill does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise.
(HIL-G)
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