----

----

| (Mark      one)                                    |
|----------------------------------------------------|
|        x                                      | QUARTERLY      REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934 |
|                                               |
| For      the quarterly period ended March 28, 2008 |
|                                               |   |
| OR                                                 |
|                                               |
|        o                                      | TRANSITION      REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |

| Delaware                                            | 94-1381538                                |
|-----------------------------------------------------|-------------------------------------------|
| (State      or other jurisdiction of incorporation) | (I.R.S.      Employer Identification No.) |
|                                                |                                      |
| 600      Montgomery Street, 26th      Floor         |                                      |
| San      Francisco, California                      | 94111-2728                                |
| (Address      of principal executive offices)       | (Zip      Code)                           |

| Class                             | Outstanding at April 28,    2008 |
|-----------------------------------|----------------------------------|
|                              |                             |
| Common      Stock, $.01 par value | 84,413,054                       |

----

----

----

| PART      I.  | FINANCIAL      INFORMATION:                                                                           |               |
|---------------|-------------------------------------------------------------------------------------------------------|--------------------|
|          |                                                                                                  |               |
| Item      1.  | Financial      Statements                                                                             |               |
|          | Condensed      Consolidated Balance Sheets                                                            |               |
|          |  March      28, 2008 and December 28, 2007                                                       | 2             |
|          | Condensed      Consolidated Statements of Operations and Comprehensive    Income                      |               |
|          | Three      months ended March 28, 2008 and March 30, 2007                                             | 3             |
|          | Condensed      Consolidated Statements of Cash Flows                                                  |               |
|          | Three      months ended March 28, 2008 and March 30, 2007                                             | 4             |
|          | Notes      to Condensed Consolidated Financial Statements                                             | 6             |
| Item      2.  | Management’s      Discussion and Analysis of Financial      Condition and Results of Operations | 35                 |
| Item      3.  | Quantitative      and Qualitative Disclosures About Market Risk                                       | 55                 |
| Item      4.  | Controls      and Procedures                                                                          | 55                 |
|          |                                                                                                  |               |
| PART      II. | OTHER      INFORMATION:                                                                               |               |
|          |                                                                                                  |               |
| Item      1.  | Legal      Proceedings                                                                                | 56            |
| Item      1A. | Risk      Factors                                                                                     | 57                 |
| Item      2.  | Unregistered      Sales of Equity Securities and Use of Proceeds                                      | 72                 |
| Item      3.  | Defaults      Upon Senior Securities                                                                  | 72                 |
| Item      4.  | Submission      of Matters to a Vote of Security Holders                                              | 72                 |
| Item      5.  | Other      Information                                                                                | 73                 |
| Item      6.  | Exhibits                                                                                              |     |

----

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

|                                                                                                                                                                                |   | March      28, 2008 |      |   | December      28, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|-----------|--------|------------------------|--------|
| ASSETS                                                                                                                                                                              |   |                |      |   |                   |   |
| Current      assets:                                                                                                                                                                |   |                |      |   |                   |   |
| Cash      and cash equivalents, including $106,065 and $161,089 of short-term money      market funds, respectively                                                                 |   | $                   | 192,657   |   |                   | $      | 256,502 |   |
| Accounts      receivable, including retentions of $61,574 and $58,366,      respectively                                                                                            |   |                | 1,036,115 |   |                   |   | 1,015,052 |   |
| Costs      and accrued earnings in excess of billings on contracts in      process                                                                                                  |   |                | 1,046,429 |   |                   |   | 1,023,302 |   |
| Less      receivable allowances                                                                                                                                                     |   |                | (46,781   | )      |                   |   | (51,173 | ) |
| Net      accounts receivable                                                                                                                                                        |   |                | 2,035,763 |   |                   |   | 1,987,181 |   |
| Deferred      tax assets                                                                                                                                                            |   |                | 138,740   |   |                   |   | 133,888 |   |
| Prepaid      expenses and other assets                                                                                                                                              |   |                | 177,819   |   |                   |   | 210,807 |   |
| Total      current assets                                                                                                                                                           |   |                | 2,544,979 |   |                   |   | 2,588,378 |   |
| Investments      in unconsolidated affiliates                                                                                                                                       |   |                | 227,387   |   |                   |   | 206,721 |   |
| Property      and equipment at cost, net                                                                                                                                            |   |                | 354,090   |   |                   |   | 357,907 |   |
| Intangible      assets, net                                                                                                                                                         |   |                | 559,550   |   |                   |   | 572,974 |   |
| Goodwill                                                                                                                                                                            |   |                | 3,139,271 |   |                   |   | 3,139,618 |   |
| Other      assets                                                                                                                                                                   |   |                | 82,960    |   |                   |   | 64,367 |   |
| Total      assets                                                                                                                                                                   |   | $                   | 6,908,237 |   |                   | $      | 6,929,965 |   |
| LIABILITIES,      MINORITY INTERESTS, AND STOCKHOLDERS’ EQUITY                                                                                                                |   |                |      |   |                   |   |   |   |
| Current      liabilities:                                                                                                                                                           |   |                |      |   |                   |   |   |   |
| Book      overdrafts                                                                                                                                                                |   | $                   | 728       |   |                   | $      | 15,638 |   |
| Current      portion of long-term debt                                                                                                                                              |   |                | 17,769    |   |                   |   | 17,964 |   |
| Accounts      payable and subcontractors payable, including retentions of $69,834 and      $73,491, respectively                                                                    |   |                | 728,268   |   |                   |   | 693,614 |   |
| Accrued      salaries and wages                                                                                                                                                     |   |                | 373,998   |   |                   |   | 486,853 |   |
| Billings      in excess of costs and accrued earnings on contracts in      process                                                                                                  |   |                | 297,092   |   |                   |   | 296,752 |   |
| Accrued      expenses and other                                                                                                                                                     |   |                | 150,997   |   |                   |   | 170,782 |   |
| Total      current liabilities                                                                                                                                                      |   |                | 1,568,852 |   |                   |   | 1,681,603 |   |
| Long-term      debt                                                                                                                                                                 |   |                | 1,288,523 |   |                   |   | 1,288,817 |   |
| Deferred      tax liabilities                                                                                                                                                       |   |                | 163,055   |   |                   |   | 137,058 |   |
| Self-insurance      reserves                                                                                                                                                        |   |                | 89,825    |   |                   |   | 73,253 |   |
| Pension,      post-retirement, and other benefit obligations                                                                                                                        |   |                | 153,842   |   |                   |   | 156,843 |   |
| Other      long-term liabilities                                                                                                                                                    |   |                | 84,857    |   |                   |   | 88,735 |   |
| Total      liabilities                                                                                                                                                              |   |                | 3,348,954 |   |                   |   | 3,426,309 |   |
| Commitments      and contingencies (Note 9)                                                                                                                                         |   |                |      |   |                   |   |   |   |
| Minority      interests                                                                                                                                                             |   |                | 27,422    |   |                   |   | 25,086 |   |
| Stockholders’      equity:                                                                                                                                                    |   |                |      |   |                   |   |   |   |
| Preferred      stock, authorized 3,000 shares; no shares outstanding                                                                                                                |   |                | —   |   |                   |   | — |   |
| Common      shares, par value $.01; authorized 100,000 shares; 84,410 and 83,355      shares issued, respectively; and 84,358 and 83,303 shares      outstanding, respectively |   |                | 844       |   |                   |   | 833 |   |
| Treasury      stock, 52 shares at cost                                                                                                                                              |   |                | (287      | )      |                   |   | (287 | ) |
| Additional      paid-in capital                                                                                                                                                     |   |                | 2,806,247 |   |                   |   | 2,797,238 |   |
| Accumulated      other comprehensive income                                                                                                                                         |   |                | 11,536    |   |                   |   | 16,635 |   |
| Retained      earnings                                                                                                                                                              |   |                | 713,521   |   |                   |   | 664,151 |   |
| Total      stockholders’ equity                                                                                                                                               |   |                | 3,531,861 |   |                   |   | 3,478,570 |   |
| Total      liabilities, minority interests and stockholders’ equity                                                                                                           |   | $                   | 6,908,237 |   |                   | $      | 6,929,965 |   |

----

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME- UNAUDITED

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | Three      Months Ended |      |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | March      28, 2008     |      |   | March      30, 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                    |      |   |   |   |
| Revenues                                                                                                        |   | $                       | 2,259,027 |   |   | $ | 1,132,016 |   |
| Cost      of      revenues                                                                                      |   |                    | 2,156,745 |   |   |   | 1,064,310 |   |
| General      and administrative expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    | 16,178    |   |   |   | 13,598 |   |
| Equity      in income of unconsolidated affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                    | 29,746    |   |   |   | 3,578 |   |
| Operating      income                                                                                                                                   |   |                    | 115,850   |   |   |   | 57,686 |   |
| Interest      expense                                                                                           |   |                    | 25,618    |   |   |   | 3,940 |   |
| Income      before income taxes and minority interests                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                    | 90,232    |   |   |   | 53,746 |   |
| Income      tax      expense                                                                                    |   |                    | 37,451    |   |   |   | 22,306 |   |
| Minority      interests in income of consolidated subsidiaries, net of    tax                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    | 3,411     |   |   |   | 1,079 |   |
| Net      income                                                                                                                                         |   |                    | 49,370    |   |   |   | 30,361 |   |
| Other      comprehensive income (loss):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    |      |   |   |   |   |   |
| Foreign      currency translation adjustments, net of tax                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    | 5,413     |   |   |   | 970 |   |
| Interest      rate swaps, net of tax                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                    | (10,512   | ) |   |   | — |   |
| Comprehensive      income                                                                                                                               |   | $                       | 44,271    |   |   | $ | 31,331 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                    |      |   |   |   |   |   |
| Earnings      per share:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |   |   |   |   |
| Basic                                                                                                                          |   | $                       | .60       |   |   | $ | .59 |   |
| Diluted                                                                                                                        |   | $                       | .60       |   |   | $ | .58 |   |
| Weighted-average      shares outstanding:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    |      |   |   |   |   |   |
| Basic                                                                                                                          |   |                    | 81,806    |   |   |   | 51,249 |   |
| Diluted                                                                                                                        |   |                    | 82,450    |   |   |   | 52,106 |   |

----

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS -UNAUDITED

|                                                                                                       |   | Three      Months Ended |     |
|------------------------------------------------------------------------------------------------------------|--------|-------------------------|----------|
|                                                                                                       |   | March      28,2008      |     |   | March      30,2007 |   |
|                                                                                                       |   |                    |     |   |   |   |
| Cash      flows from operating activities:                                                                 |   |                    |     |   |   |   |
| Net      income                                                                                            |   | $                       | 49,370   |   |   | $ | 30,361 |   |
| Adjustments      to reconcile net income to net cash from operating    activities:                         |   |                    |     |   |   |   |   |   |
| Depreciation                                                                                               |   |                    | 14,374   |   |   |   | 9,433 |   |
| Amortization      of intangible assets                                                                     |   |                    | 13,424   |   |   |   | 251 |   |
| Amortization      of debt issuance costs                                                                   |   |                    | 2,052    |   |   |   | 429 |   |
| Provision      for doubtful accounts                                                                       |   |                    | 481      |   |   |   | 530 |   |
| Deferred      income taxes                                                                                 |   |                    | 20,799   |   |   |   | (249 | ) |
| Stock-based      compensation                                                                              |   |                    | 6,627    |   |   |   | 6,636 |   |
| Excess      tax benefits from stock-based compensation                                                     |   |                    | (298     | ) |   |   | (1,500 | ) |
| Minority      interests in income of consolidated subsidiaries, net of    tax                              |   |                    | 3,411    |   |   |   | 1,079 |   |
|                                                                                                       |   |                    |     |   |   |   |   |   |
| Changes      in operating assets, liabilities and other, net of effects of      acquisition:               |   |                    |     |   |   |   |   |   |
| Accounts      receivable and costs and accrued earnings in excess of billings on      contracts in process |   |                    | (49,092  | ) |   |   | 434 |   |
| Prepaid      expenses and other assets                                                                     |   |                    | 4,259    |   |   |   | (7,583 | ) |
| Investments      in unconsolidated affiliates                                                              |   |                    | (14,831  | ) |   |   | 5,024 |   |
| Accounts      payable, accrued salaries and wages and accrued expenses                                     |   |                    | (105,651 | ) |   |   | (48,674 | ) |
| Billings      in excess of costs and accrued earnings on contracts in      process                    |   |                    | 9,770    |   |   |   | (42,162 | ) |
| Other      long-term liabilities                                                                           |   |                    | 2,786    |   |   |   | (273 | ) |
| Other      assets, net                                                                                     |   |                    | 18,666   |   |   |   | (1,962 | ) |
| Total      adjustments and changes                                                                         |   |                    | (73,223  | ) |   |   | (78,587 | ) |
| Net      cash from operating activities                                                                    |   |                    | (23,853  | ) |   |   | (48,226 | ) |
| Cash      flows from investing activities:                                                                 |   |                    |     |   |   |   |   |   |
| Payment      for business acquisition                                                                      |   |                    | (1,686   | ) |   |   | — |   |
| Proceeds      from disposal of property and equipment, and sale-leaseback      transactions                |   |                    | 4,422    |   |   |   | — |   |
| Investments      in unconsolidated affiliates                                                         |   |                    | (13,643  | ) |   |   | — |   |
| Decrease      in restricted cash                                                                           |   |                    | 2,511    |   |   |   | — |   |
| Capital      expenditures, less equipment purchased through capital leases and      equipment notes        |   |                    | (15,478  | ) |   |   | (4,771 | ) |
| Net      cash from investing activities                                                                    |   |                    | (23,874  | ) |   |   | (4,771 | ) |
| Cash      flows from financing activities:                                                                 |   |                    |     |   |   |   |   |   |
| Long-term      debt principal payments                                                                     |   |                    | (2,175   | ) |   |   | (379 | ) |
| Net      payments under lines of credit and short-term notes                                               |   |                    | (34      | ) |   |   | (4,705 | ) |
| Net      change in book overdrafts                                                                         |   |                    | (14,910  | ) |   |   | 27,802 |   |
| Capital      lease obligation payments                                                                     |   |                    | (2,023   | ) |   |   | (3,296 | ) |
| Excess      tax benefits from stock-based compensation                                                     |   |                    | 298      |   |   |   | 1,500 |   |
| Proceeds      from employee stock purchases and exercises of stock    options                              |   |                    | 2,726    |   |   |   | 7,427 |   |
| Net      cash from financing activities                                                                    |   |                    | (16,118  | ) |   |   | 28,349 |   |
| Net      decrease in cash and cash equivalents                                                             |   |                    | (63,845  | ) |   |   | (24,648 | ) |
| Cash      and cash equivalents at beginning of period                                                      |   |                    | 256,502  |   |   |   | 89,502 |   |
| Cash      and cash equivalents at end of period                                                            |   | $                       | 192,657  |   |   | $ | 64,854 |   |

----

|                                                                                       |   | Three      Months Ended |   |
|--------------------------------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                                       |   | March      28,2008      |   |   | March      30,2007 |   |
|                                                                                       |   |                    |   |   |   |   |
| Supplemental      information:                                                             |   |                    |   |   |   |   |
| Interest      paid                                                                         |   | $                       | 25,584 |   |   | $ | 5,084 |   |
| Taxes      paid                                                                            |   | $                       | 1,550  |   |   | $ | 26,378 |   |
|                                                                                       |   |                    |   |   |   |   |   |   |
| Supplemental      schedule of noncash investing and financing activities:                  |   |                    |   |   |   |   |   |   |
| Equipment      acquired with capital lease obligations and equipment note      obligations |   | $                       | 2,519  |   |   | $ | 7,470 |   |
|                                                                                       |   |                    |   |   |   |   |   |   |

----

NOTE 1.  BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTINGPOLICIES

----

|                                                     |   | Three      Months Ended |   |
|----------------------------------------------------------|--------|-------------------------|--------|
| (In      thousands)                                      |   | March      28,2008      |   |   | March      30,2007 |   |
| Weighted-average      common stock shares outstanding    |   |                    | 81,806 |   |   |   | 51,249 |   |
| Stock      options and restricted stock awards and units |   |                    | 644    |   |   |   | 857 |   |
|                                                     |   |                    | 82,450 |   |   |   | 52,106 |   |

----

----

----

NOTE 2. ACQUISITION

| (In      thousands)                               |   | Purchase      Price |      |
|---------------------------------------------------|--------|---------------------|-----------|
| Cash      consideration                           |   | $                   | 1,478,313 |   |
| Value      of URS Corporation common stock issued |   |                | 1,816,821 |   |
| Estimated      direct transaction costs           |   |                | 24,758    |   |
| Total      purchase price                         |   | $                   | 3,319,892 |   |

----

| Allocation      of purchase price:(In      thousands)         |   | Amount |      | EstimatedUseful      Life |
|---------------------------------------------------------------|--------|--------|-----------|---------------------------|
| Net      tangible assets:                                     |   |   |      |                      |
|   Current tangible      assets                      |   | $      | 1,223,928 |                      |   |
|   Property and      equipment                       |   |   | 179,295   |                      |   |
|   Other non-current      tangible assets            |   |   | 167,492   |                      |   |
|   Current      liabilities                          |   |   | (800,945  | )                         |   |
|   Long-term      liabilities                        |   |   | (203,573  | )                         |   |
|   Minority      interests                           |   |   | (17,373   | )                         |   |
| Total      net tangible assets                                |   |   | 548,824   |                      |   |
| Identifiable      intangible assets:                          |   |   |      |                      |   |
|   Customer      relationships and backlog           |   |   | 539,391   |                      | 11      years† |
|   Trade      name                                   |   |   | 34,000    |                      | 15      years† |
|   Favorable      leases                             |   |   | 2,810     |                      | 4.6      years† |
| Total      amount allocated to identifiable intangible assets |   |   | 576,201   |                      |   |
| Net      deferred tax assets                                  |   |   | 70,659    |                      |   |
| Accrual      for restructuring costs                          |   |   | (23,815   | )                         |   |
| Goodwill                                                      |   |   | 2,148,023 |                      |   |
| Total      purchase price                                     |   | $      | 3,319,892 |                      |   |
| †Estimated      weighted-average remaining useful life  |   |   |      |                      |   |

----

----

| (In      thousands)                  |   | Amounts |   |
|--------------------------------------|--------|---------|--------|
|                                 |   |    |   |
| Balance      as of December 28, 2007 |   | $       | 26,600 |   |
| Adjustments                          |   |    | (2,785 | ) |
| Payments                             |   |    | (775   | ) |
| Balance      as of March 28, 2008    |   | $       | 23,040 |   |

| Unaudited      (In millions, except per share data)                                                                                                                                                                                                                                                                                                                                                                                 | Three      Months EndedMarch      30,2007 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------|
| Revenues      (1)                                                                    |                                      |  $ | 1,858.0 |   |
| Net      income                                                                      |                                      |  $ | 24.3 |   |
| Basic      EPS                                                                       |                                      |  $ | .30 |   |
| Diluted      EPS                                                                     |                                      |  $ | .30 |   |

| (1)   | We included pro forma adjustments of $111.4 million to revenues      and $105.6 million to cost of revenues. These adjustments were made to      record unconsolidated joint ventures under the equity method in order to      conform to URS’ accountingpolices. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (In      thousands)                                                                                                                                                                                                                                                                                                                                                                       |   | March      28,2008 |    |   | December      28, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|------------------------|--------|
| Cash      and cash      equivalents                                                          |   | $                  | 26,803  |   |                   | $      | 27,029 |   |
| Net      accounts      receivable                                                            |   |               | 65,701  |   |                   |   | 54,932 |   |
| Other      assets                                                                            |   |               | 35,850  |   |                   |   | 33,737 |   |
| Total      assets                                                                                                |   | $                  | 128,354 |   |                   | $      | 115,698 |   |

----

|  (In      thousands)                                                                                                                                                                                                                                                                                                                  |   | MIBRAGMiningVenture |                           |   | Unconsolidated      Construction Joint Ventures |   |    | UnconsolidatedNon-ConstructionJoint      Ventures |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|--------------------------------|--------|-------------------------------------------------|--------|---------|---------------------------------------------------|--------|
| March 28, 2008                                                                                                                                                                                                                                                                                                                             |   |                |                           |   |                                            |   |    |                                              |   |
| Current      assets                                                                                                                                                                                                                                                                                                                        |   | $                   | 159,970                        |   |                                            | $      | 342,148 |                                              |   | $ | 126,849 |   |
| Noncurrent      assets                                                                                                                                                                                                                                                                                                                     |   | $                   | 1,131,557                      |   |                                            | $      | 2,015   |                                              |   | $ | 11,659 |   |
| Current      liabilities                                                    |   | $                   | 76,656                         |   |                                            | $      | 304,154 |                                              |   | $ | 84,188 |   |
| Noncurrent      liabilities                                                                                                                                                                                                                                                                                                                |   | $                   | 901,596                        |   |                                            | $      | — |                                              |   | $ | 6,825 |   |
|                                                                                                                                                                                                                                                                                                                                       |   |                |                           |   |                                            |   |    |                                              |   |   |   |   |
| December 28, 2007                                                                                                                                                                                                                                                                                                                          |   |                |                           |   |                                            |   |    |                                              |   |   |   |   |
| Current      assets                                                                                                                                                                                                                                                                                                                        |   | $                   | 121,297                        |   |                                            | $      | 389,104 |                                              |   | $ | 114,534 |   |
| Noncurrent      assets                                                                                                                                                                                                                                                                                                                     |   | $                   | 1,060,199                      |   |                                            | $      | 5,254   |                                              |   | $ | 10,190 |   |
| Current      liabilities                                                                                                                                                                                                                                                                                                                   |   | $                   | 67,899                         |   |                                            | $      | 357,430 |                                              |   | $ | 78,914 |   |
| Noncurrent      liabilities                                                                                                                                                                                                                                                                                                                |   | $                   | 839,655                        |   |                                            | $      | — |                                              |   | $ | 17,853 |   |
|                                                                                                                                                                                                                                                                                                                                       |   |                |                           |   |                                            |   |    |                                              |   |   |   |   |
| Three months ended March 28,      2008                                                                                                                                                                                                                                                                                                     |   |                |                           |   |                                            |   |    |                                              |   |   |   |   |
| Revenues                                                                                                                                                                                                                                                                                                                                   |   | $                   | 129,864                        |   |                                            | $      | 338,082 |                                              |   | $ | 113,473 |   |
| Cost      of revenues                                                                                                                                                                                                                                                                                                                      |   |                | 110,822                        |   |                                            |   | 316,578 |                                              |   |   | 84,089 |   |
| Income      from continuing operations before tax                                                                                                                                                                                                                                                                                          |   | $                   | 19,042                         |   |                                            | $      | 21,504  |                                              |   | $ | 29,384 |   |
|                                                                                                                                                                                                                                                                                                                                       |   |                |                           |   |                                            |   |    |                                              |   |   |   |   |
| Three months ended March 30,      2007                                                                                                                                                                                                                                                                                                     |   |                |                           |   |                                            |   |    |                                              |   |   |   |   |
| Revenues                                                                                                                                                                                                                                                                                                                                   |   |                | N/A(1)     |   |                                            | $      | 88,472  |                                              |   | $ | 63,231 |   |
| Cost      of revenues                                                                                                                                                                                                                                                                                                                      |   |                | N/A(1)     |   |                                            |   | 84,933  |                                              |   |   | 59,883 |   |
| Income      from continuing operations before tax                                                                                                                                                                                                                                                                                          |   |                | N/A(1)     |   |                                            | $      | 3,539   |                                              |   | $ | 3,348 |   |

| (1)   | Financial      information for MIBRAG mining joint venture for the three months ended      March 30, 2007 is not presented because it is owned by our Washington      Division, which did not exist until our acquisition of WGI on November 15,      2007. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

NOTE 4.  PROPERTY, EQUIPMENT, AND INTANGIBLEASSETS

| (In      thousands)                            |   | March      28, 2008 |     |   | December      28, 2007 |   |
|------------------------------------------------|--------|---------------------|----------|--------|------------------------|--------|
| Equipment                                      |   | $                   | 299,570  |   |                   | $      | 294,084 |   |
| Construction      and mining equipment         |   |                | 197,112  |   |                   |   | 198,883 |   |
| Furniture      and fixtures                    |   |                | 49,719   |   |                   |   | 49,401 |   |
| Leasehold      improvements                    |   |                | 60,536   |   |                   |   | 59,125 |   |
| Construction      in progress                  |   |                | 8,099    |   |                   |   | 6,553 |   |
| Land      and improvements                     |   |                | 584      |   |                   |   | 584 |   |
|                                           |   |                | 615,620  |   |                   |   | 608,630 |   |
| Accumulated      depreciation and amortization |   |                | (261,530 | )      |                   |   | (250,723 | ) |
| Property      and equipment at cost, net       |   | $                   | 354,090  |   |                   | $      | 357,907 |   |

NOTE 5. INDEBTEDNESS

| (In      thousands)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | March      28, 2008 |      |   | December      28, 2007 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|-----------|--------|-----------------------------|--------|
| Bank      term loans, net of debt issuance      costs                                                                                            |   | $                        | 1,255,603 |   |                        | $      | 1,254,383 |   |
| Obligations      under capital      leases                                                                                                            |   |                     | 20,919    |   |                        |   | 22,715 |   |
| Notes      payable, foreign credit lines and other indebtedness                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                     | 29,770    |   |                        |   | 29,683 |   |
| Total      indebtedness                                                                                                                                                                                 |   |                     | 1,306,292 |   |                        |   | 1,306,781 |   |
| Less:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                     |      |   |                        |   |   |   |
|  Current      portion of long-term      debt                                                                                                                    |   |                     | 17,769    |   |                        |   | 17,964 |   |
| Long-term      debt                                                                                                                                                                           |   | $                        | 1,288,523 |   |                        | $      | 1,288,817 |   |

----

| (In      millions, except percentages)                                    |   | Three      Months Ended March 28,2008 |   |   | Year      Ended December      28,2007 |   |
|---------------------------------------------------------------------------|--------|---------------------------------------|--------|--------|---------------------------------------|--------|
| Effective      average interest rates paid on the revolving line ofcredit |   |                                  | 6.7    | %      |                                  |   | 8.2 | % |
| Average      daily revolving line of credit balances                      |   | $                                     | 0.1    |   |                                  | $      | 2.3 |   |
| Maximum      amounts outstanding at any one point in time                 |   | $                                     | 7.6    |   |                                  | $      | 40.3 |   |

----

| (In      thousands)                                                                                                                                                                                                                                                                            |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Less      than one      year                                            |   | $ | 8,826 |   |
| Second      year                                                        |   |   | 63,360 |   |
| Third      year                                                         |   |   | 112,315 |   |
| Fourth      year                                                        |   |   | 439,988 |   |
| Fifth      year                                                         |   |   | 589,123 |   |
| Thereafter                                                              |   |   | 71,761 |   |
|                                                                                                                                                                                                                                                                                           |   | $ | 1,285,373 |   |

| (In      thousands)                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| Less      than one      year                                                                                  |   | $      | 9,806  |   |
| Second      year                                                                                              |   |   | 5,463  |   |
| Third      year                                                                                               |   |   | 4,245  |   |
| Fourth      year                                                                                              |   |   | 2,574  |   |
| Fifth      year                                                                                               |   |   | 784    |   |
| Thereafter                                                                                                    |   |   | 8      |   |
| Total      minimum lease      payments                                                                                  |   |   | 22,880 |   |
| Less:      amounts representing      interest                                                                 |   |   | 1,961  |   |
| Present      value of net minimum lease payments                                                                                                                                                                                                                                                                                                                                                                                              |   | $      | 20,919 |   |

----

| (In      millions)                                 | Total      Carrying Value as of      March 28,2008          | Fair      Value Measurement as of March 28, 2008         |
|----------------------------------------------------|-------------------------------------------------------------|----------------------------------------------------------|
| Quoted      Prices in Active Markets(Level      1) | Significant      Other Observable      Inputs(Level      2) | Significant      Unobservable      Inputs (Level      3) |
| Derivative      liabilities                        | $      21.6                   | $      —             | $      21.6 | $      — |

|                                                                                                                                                                                                                                                               |   | Three      Months Ended |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|--------|
| (In      thousands)                                                                                                                                                                                                                                                |   | March      28,2008      |   |   | March      30,2007 |   |
| Service      cost                                          |   | $                       | 1,684  |   |   | $ | 1,923 |   |
| Interest      cost                                         |   |                    | 4,500  |   |   |   | 2,807 |   |
| Expected      return on plan assets                                                                                                                                                                                                                                |   |                    | (3,914 | ) |   |   | (2,850 | ) |
| Amortization      of:                                                                                                                                                                                                                                              |   |                    |   |   |   |   |   |   |
| Prior      service      cost                                              |   |                    | (518   | ) |   |   | (525 | ) |
| Net      loss                                                             |   |                    | 12     |   |   |   | 265 |   |
| Net      periodic benefit cost                                                                                                                                                                                                                                     |   | $                       | 1,764  |   |   | $ | 1,620 |   |

----

|                                                                                                                                                                                                                                                               |   | Three      Months Ended |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|--------|
| (In      thousands)                                                                                                                                                                                                                                                |   | March      28,2008      |   |   | March      30,2007 |   |
| Service      cost                                          |   | $                       | 17     |   |   | $ | 65 |   |
| Interest      cost                                         |   |                    | 647    |   |   |   | 79 |   |
| Expected      return on plan assets                                                                                                                                                                                                                                |   |                    | (74    | ) |   |   | (75 | ) |
| Amortization      of:                                                                                                                                                                                                                                              |   |                    |   |   |   |   |   |   |
| Net      (gain)      loss                                                 |   |                    | (57    | ) |   |   | 10 |   |
| Net      periodic benefit cost                                                                                                                                                                                                                                     |   | $                       | 533    |   |   | $ | 79 |   |

|                                                                                                                                                                                                                                                               |   | Three      Months Ended |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|--------|
| (In      thousands)                                                                                                                                                                                                                                                |   | March      28,2008      |   |   | March      30,2007 |   |
| Interest      cost                                         |   | $                       | 310    |   |   | $ | 277 |   |
| Expected      return on plan assets                                                                                                                                                                                                                                |   |                    | (130   | ) |   |   | (127 | ) |
| Amortization      of:                                                                                                                                                                                                                                              |   |                    |   |   |   |   |   |   |
| Net      loss                                                             |   |                    | 51     |   |   |   | 48 |   |
| Net      periodic pension cost (1)                                                                                                                                                                                                                                 |   | $                       | 231    |   |   | $ | 198 |   |

| (1)   | We      used the current rate method in translating our net periodic pension costs      to the U.S. dollar. |
|-----------------|-------------------------------------------------------------------------------------------------------------|

----

|                                                                                                          |   | Three      Months Ended |          |
|---------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------------|
| (In      millions)                                                                                            |   | March      28, 2008     |          |   | March      30, 2007 |   |
| Stock-based      compensation expenses:                                                                       |   |                    |          |   |   |   |
| Restricted      stock awards and units                                                                        |   | $                       | 6.6           |   |   | $ | 5.7 |   |
| Stock      options                                                                                            |   |                    |  — |   |   |   | 0.9 |   |
| Stock-based      compensation expenses                                                                        |   | $                       | 6.6           |   |   | $ | 6.6 |   |
|                                                                                                          |   |                    |          |   |   |   |   |   |
| Total      income tax benefits recognized in our net income related to stock-based      compensation expenses |   | $                       | 2.6           |   |   | $ | 2.6 |   |

| (In      millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | March      28, 2008 |   |   | March      30, 2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
| Fair      values of shares      vested                                                                              |   | $                   | 6.9    |   |                | $      | 2.8 |   |
| Grant      date fair values of restricted stock awards and units                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                   | 37.3   |   |                | $      | 19.6 |   |

|                                                                                                                                                                                                                                                                                    |   | Shares |      |   | Weighted-Average      Grant Date Fair Value |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|---------------------------------------------|--------|
| Nonvested      at December 28, 2007                                                                                                                                                                                                                                                     |   |   | 1,736,333 |   |                                        | $      | 44.58 |   |
| Granted                                                |   |   | 1,069,674 |   |                                        | $      | 34.86 |   |
| Vested                                                 |   |   | (209,612  | )      |                                        | $      | 40.97 |   |
| Forfeited                                              |   |   | (12,224   | )      |                                        | $      | 44.94 |   |
| Nonvested      at March 28, 2008                                                                                                                                                                                                                                                        |   |   | 2,584,171 |   |                                        | $      | 40.80 |   |

----

|                                       |   | Shares |      |   | Weighted-Average      Exercise Price |   |   | Weighted-Average      Remaining Contractual Term (in years) |   |   | Aggregate      Intrinsic Value (in millions) |   |
|--------------------------------------------|--------|--------|-----------|--------|--------------------------------------|--------|--------|-------------------------------------------------------------|--------|--------|----------------------------------------------|--------|
| Outstanding      at December 28, 2007      |   |   | 1,605,957 |   |                                 | $      | 22.60  |                                                        |   |   | 4.74                                         |   |   | $ | 51.7 |   |
| Exercised                                  |   |   | (19,983   | )      |                                 | $      | 21.49  |                                                        |   |   |                                         |   |   |   |   |   |
| Forfeited/expired/cancelled                |   |   | —   |   |                                 |   |   |                                                        |   |   |                                         |   |   |   |   |   |
| Outstanding      at March 28, 2008         |   |   | 1,585,974 |   |                                 | $      | 22.62  |                                                        |   |   | 4.50                                         |   |   | $ | 16.2 |   |
| Options      exercisable at March 28, 2008 |   |   | 1,581,640 |   |                                 | $      | 22.59  |                                                        |   |   | 4.50                                         |   |   | $ | 16.2 |   |

----

----

| (In      millions)                                                                                                                                                                                                                                                                                                                                                                                                          |   | Three      Months EndedMarch      28, 2008 |                                                                    |    | Three      Months EndedMarch      30, 2007 (3) |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|-------------------------------------------------------------------------|---------|------------------------------------------------|--------|
| Revenues                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                       |                                                                    |    |                                           |   |
| URS      Division                                                                                          |   | $                                          | 819.2                                                                   |    |                                           | $      | 727.3 |   |
| EG&G      Division                                                                                     |   |                                       | 549.2                                                                   |    |                                           |   | 337.8 |   |
| Washington      Division                                                                                   |   |                                       | 901.6                                                                   |    |                                           |   | 69.7 |   |
| Inter-segment,      eliminations and other                                                                                                                                                                                                                                                                                                                                                                                  |   |                                       | (11.0                                                                   | )       |                                           |   | (2.8 | ) |
| Total      revenues                                                                                        |   | $                                          | 2,259.0                                                                 |    |                                           | $      | 1,132.0 |   |
| Equity      in income of unconsolidated affiliates                                                                                                                                                                                                                                                                                                                                                                          |   |                                       |                                                                    |    |                                           |   |   |   |
| URS      Division                                                                                          |   | $                                          | 1.9                                                                     |    |                                           | $      | 2.2 |   |
| EG&G      Division                                                                                     |   |                                       | 1.7                                                                     |    |                                           |   | 1.4 |   |
| Washington      Division                                                                                   |   |                                       | 26.1                                                                    |    |                                           |   | — |   |
| Total      equity in income of unconsolidated affiliates                                                                                                                                                                                                                                                                                                                                                                    |   | $                                          | 29.7                                                                    |    |                                           | $      | 3.6 |   |
| Contribution      (1)                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                       |                                                                    |    |                                           |   |   |   |
| URS      Division                                                                                          |   | $                                          | 58.6                                                                    |    |                                           | $      | 53.3 |   |
| EG&G      Division                                                                                     |   |                                       | 27.2                                                                    |    |                                           |   | 16.7 |   |
| Washington      Division                                                                                   |   |                                       | 43.2                                                                    |    |                                           |   | 2.6 |   |
| Inter-segment      and other unallocated operating costs                                                                                                                                                                                                                                                                                                                                                                    |   |                                       | —                                                                 |    |                                           |   | (0.2 | ) |
| General      and administrative expenses (2)                                                                                                                                                                                                                                                                                                                                                                                |   |                                       | (20.4                                                                   | )       |                                           |   | (17.3 | ) |
| Corporate      interest expense                                                                                                                                                                                                                                                                                                                                                                                             |   |                                       |                 (24.4 | )  |                                           |   | (3.1 | )  |
| Total      contribution                                                                                    |   | $                                          | 84.2                                                                    |    |                                           | $      | 52.0 |   |
| Operating      income                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                       |                                                                    |    |                                           |   |   |   |
| URS      Division                                                                                          |   | $                                          | 57.3                                                                    |    |                                           | $      | 52.1 |   |
| EG&G      Division                                                                                     |   |                                       | 26.5                                                                    |    |                                           |   | 15.8 |   |
| Washington      Division                                                                                   |   |                                       | 48.2                                                                    |    |                                           |   | 3.6 |   |
| Inter-segment      and other unallocated operating costs                                                                                                                                                                                                                                                                                                                                                                    |   |                                       | —                                                                 |    |                                           |   | (0.2 | ) |
| General      and administrative expenses (2)                                                                                                                                                                                                                                                                                                                                                                                |   |                                       | (16.2                                                                   | )       |                                           |   | (13.6 | ) |
| Total      operating      income                                                                           |   | $                                          | 115.8                                                                   |    |                                           | $      | 57.7 |   |
| Depreciation      and amortization                                                                                                                                                                                                                                                                                                                                                                                          |   |                                       |                                                                    |    |                                           |   |   |   |
| URS      Division                                                                                          |   | $                                          | 9.0                                                                     |    |                                           | $      | 8.3 |   |
| EG&G      Division                                                                                     |   |                                       | 5.6                                                                     |    |                                           |   | 1.0 |   |
| Washington      Division                                                                                   |   |                                       | 12.9                                                                    |    |                                           |   | 0.2 |   |
| Corporate      and      other                                                                              |   |                                       | 0.3                                                                     |    |                                           |   | 0.2 |   |
| Total      depreciation and      amortization                                                              |   | $                                          | 27.8                                                                    |    |                                           | $      | 9.7 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                       |                                                                    |    |                                           |   |   |   |

| (1)   | We      define segment contribution as total segment operating income (which is      net income before income taxes, minority interests and interest expense)      before allocation of various segment expenses, including stock      compensation expenses, and after interest  expense. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | General      and administrative expenses represent expenses related to corporate      functions. |
|-----------------|--------------------------------------------------------------------------------------------------|

| (3)   | We revised      and conformed the prior period’s amounts to our current year’s segment      presentation. As Washington Division did not exist as      a division before November 15, 2007, the amounts presented for      the first quarter of fiscal 2007 are not comparable to the results for the      first quarter of fiscal 2008, and are comprised of the amounts that      represent the result of realignment of our operations among our divisions      as discussed above. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                          |   | Three      Months Ended March 28, 2008 |   |
|-----------------------------------------------|--------|----------------------------------------|--------|
| (In    millions)                              |   | URSDivision                            |   |   | EG&G      Division |   |   | Washington      Division |   |   | Corporate |   |   | Corporate      Interest Expense |   |   | Elimination |   |   | Consolidated |   |
| Contribution                                  |   | $                                      | 58.6   |   |   | $ | 27.2 |   |   | $ | 43.2 |   |   | $ | (20.4 | ) |   | $ | (24.4 | ) |   | $ | — |   |   | $ | 84.2 |   |
| Minority      interests                       |   |                                   | 0.2    |   |   |   | — |   |   |   | 5.7 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 5.9 |   |
| Unallocated      SFAS 123(R) expenses         |   |                                   | (2.4   | ) |   |   | (0.8 | ) |   |   | (1.1 | ) |   |   | 4.3 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      miscellaneous unallocated expenses |   |                                   | 0.9    |   |   |   | 0.1 |   |   |   | 0.4 |   |   |   | (0.1 | )  |   |   | 24.4 |   |   |   | — |   |   |   | 25.7 |   |
| Operating      income (loss)                  |   | $                                      | 57.3   |   |   | $ | 26.5 |   |   | $ | 48.2 |   |   | $ | (16.2 | ) |   | $ | — |   |   | $ | — |   |   | $ | 115.8 |   |

|                                          |   | Three      Months Ended March 30, 2007 (1) |   |
|-----------------------------------------------|--------|--------------------------------------------|--------|
| (In    millions)                              |   | URSDivision                                |   |   | EG&G      Division |   |   | Washington      Division |   |   | Corporate |   |   | Corporate      Interest Expense |   |   | Elimination |   |   | Consolidated |   |
| Contribution                                  |   | $                                          | 53.3   |   |   | $ | 16.7 |   |   | $ | 2.6 |   |   | $ | (17.3 | ) |   | $ | (3.1 | ) |   | $ | (0.2 | ) |   | $ | 52.0 |   |
| Minority      interests                       |   |                                       | 0.8    |   |   |   | — |   |   |   | 1.0 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1.8 |   |
| Unallocated      SFAS 123(R) expenses         |   |                                       | (2.7   | ) |   |   | (0.5 | ) |   |   | — |   |   |   | 3.2 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      miscellaneous unallocated expenses |   |                                       | 0.7    |   |   |   | (0.4 | ) |   |   | — |   |   |   | 0.5 |   |   |   | 3.1 |   |   |   | — |   |   |   | 3.9 |   |
| Operating      income (loss)                  |   | $                                          | 52.1   |   |   | $ | 15.8 |   |   | $ | 3.6 |   |   | $ | (13.6 | ) |   | $ | — |   |   | $ | (0.2 | ) |   | $ | 57.7 |   |
|                                          |   |                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|  (1)   |  We revised      and conformed the prior period’s amounts to our current year’s segment      presentation. As Washington Division did not exist as a division before      November 15, 2007, the amounts presented for the first quarter of fiscal      2007 are not comparable to the results for the first quarter of fiscal      2008, and are comprised of the amounts that represent the result of      realignment of our operations among our divisions as discussed      above. |
|-----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    |   |
|--------------|--------|

| (In      millions)       |   | March      28, 2008 |     |   | December      28, 2007 |   |
|--------------------------|--------|---------------------|----------|--------|------------------------|--------|
| URS      Division        |   | $                   | 1,702.8  |   |                   | $      | 1,733.7 |   |
| EG&G      Division   |   |                | 899.2    |   |                   |   | 918.2 |   |
| Washington      Division |   |                | 4,075.1  |   |                   |   | 4,060.7 |   |
| Corporate                |   |                | 4,999.2  |   |                   |   | 4,889.6 |   |
| Eliminations             |   |                | (4,768.1 | )      |                   |   | (4,672.2 | ) |
| Total      assets        |   | $                   | 6,908.2  |   |                   | $      | 6,930.0 |   |

----

|                                                                                                                                                                                                                                  |   | Three      Months Ended |    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|
| (In      millions)                                                                                                                                                                                                                    |   | March      28,2008      |    |   | March      30,2007 |   |
| Revenues                                                                                                                                                                                                                              |   |                    |    |   |   |   |
| United      States                                               |   | $                       | 2,040.9 |   |   | $ | 1,023.7 |   |
| International                                                    |   |                    | 222.8   |   |   |   | 114.6 |   |
| Eliminations                                                     |   |                    | (4.7    | ) |   |   | (6.3 | ) |
| Total      revenues                                    |   | $                       | 2,259.0 |   |   | $ | 1,132.0 |   |

| (In      millions)                                                                                                                                                                                                                                                                                                                                                       |   | March      28,2008 |   |   | December      28, 2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|------------------------|--------|
| Property      and equipment at cost, net                                                                                                                                                                                                                                                                                                                                 |   |               |   |   |                   |   |
| United      States                                                          |   | $                  | 255.5  |   |                   | $      | 254.4 |   |
| International                                                               |   |               | 98.6   |   |                   |   | 103.5 |   |
| Total      property and equipment at cost, net                                                                                                                                                                                                                                                                                                                           |   | $                  | 354.1  |   |                   | $      | 357.9 |   |

|                     |   | Three      Months Ended |   |
|--------------------------|--------|-------------------------|--------|
| (In      millions)       |   | March      28,2008      |   |   | March      30,2007 |   |
| The      U.S. Army (1)   |   |                    |   |   |   |   |
| URS      Division        |   | $                       | 28.1   |   |   | $ | 30.4 |   |
| EG&G      Division   |   |                    | 346.2  |   |   |   | 174.8 |   |
| Washington      Division |   |                    | 25.0   |   |   |   | — |   |
| Total      U.S. Army     |   | $                       | 399.3  |   |   | $ | 205.2 |   |

----

| ·   | Saudi Arabia: One of      our subsidiaries, LSI, provided aircraft maintenance support services on      F-5 aircraft under contracts (the “F-5 Contract”) with a Saudi Arabian      government ministry (the “Ministry”). LSI completed its operational      performance under the F-5 Contract in November 2000 and the Ministry has      yet to pay a $12.2 million account receivable owed to LSI. In addition, in      2004, the Ministry directed payment of a performance bond outstanding      under the F-5 contract for approximately $5.6 million. The following legal      proceedings ensued: |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Since      the July 2004 ruling, numerous other legal actions have been initiated. On      January 20, 2006, Radian initiated a new ICC arbitration proceeding      against Solidere alleging, in part, that Solidere's lack of cooperation      prevented Radian from complying with the July 2004 ruling. In response to      Radian’s January 20, 2006 filing, Solidere terminated Radian's contract      and, on February 13, 2006, initiated a separate ICC arbitration proceeding      against both Radian and URS Corporation, a Delaware corporation (DE), the      indirect parent of Radian, claiming that URS Corporation (DE) is      responsible for Radian’s liabilities because both entities operated as a      single economic enterprise. Solidere’s February 13, 2006 filing seeks to      recover the costs to remediate the Normandy Site, damages resulting from      delays in project completion, and past and future legal costs. On February      20, 2006, Radian amended its January 20, 2006 filing to include Solidere's      unwarranted termination of Radian'scontract. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Tampa-Hillsborough County      Expressway Authority:  In 1999, URS Corporation Southern,      our wholly owned subsidiary, entered into an agreement with the      Tampa-Hillsborough County Expressway Authority (the “Authority”) to      provide foundation design, project oversight and other services in      connection with the construction of the Lee Roy Selmon Elevated Expressway      structure (the “Expressway”) in Tampa, Florida. Also, URS Holdings, Inc.,      our wholly owned subsidiary, entered into a subcontract agreement with an      unrelated third party to provide geotechnical services in connection with      the construction of roads to access the Expressway. In 2004, during      construction of the elevated structure, one pier subsided substantially,      causing significant damage to a segment of the elevated structure, though      no significant injuries occurred as a result of the incident. The      Authority has completed remediation of the  Expressway. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Rocky Mountain Arsenal:      In January 2002, URS Group, Inc., our wholly owned subsidiary, was awarded      a contract by Foster Wheeler Environmental, Inc., to perform, among other      things, foundation demolition and remediation of contaminated soil at the      Rocky Mountain Arsenal in Colorado. In October 2004, URS Group, Inc.      filed a complaint asserting a breach of contract seeking recovery of the      cost overruns against Foster Wheeler Environmental, and Tetra Tech FW,      Inc. both subsidiaries of Tetra Tech, Inc. (“TTFW”), in District Court for      the County of Denver in the State of Colorado. In June 2006, the District      Court issued a $1.1 million judgment against TTFW, granting some of URS      Group, Inc.’s claims, but denying the largest claim.  URS Group,      Inc. appealed the judgment to the Colorado Court of Appeals in June 2006.      The Court of Appeals found that TTFW possessed information at the time of      bidding that it did not disclose to bidders and issued a unanimous      decision in favor of URS Group, Inc. in February 2008, which remanded the      matter to the trial court for further proceedings.  On April 23,      2008, TTFW filed a petition for review with the Colorado Supreme Court,      which URS Group, Inc. intends to oppose.  URS Group, Inc.      intends to continue our vigorous attempt to collect the remaining contract      cost overruns. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Minneapolis Bridge: The      collapse of the I-35W Bridge in Minneapolis, Minnesota, on August 1, 2007,      has been widely publicized. In 2003, the Minnesota Department of      Transportation retained us to provide engineering analyses of the I-35W      Bridge. We had issued draft reports pursuant to this engagement and our      services to the Minnesota Department of Transportation were ongoing at the      time of the collapse. We were not involved in the original design or      construction of the I-35W Bridge, nor were we involved in any of the      maintenance and construction work being performed on the bridge when the      collapse occurred. At this time, there is insufficient information to      determine the definitive cause or causes of, or potential liabilities      associated with, the collapse. It is possible that claims relating to the      collapse will be made against us because of our work for the Minnesota      Department of Transportation. The outcome of any such claims, if made, or      their possible impacts on us cannot be determined at this      time. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | 130 Liberty      Street:  On August 18, 2007, two New York City firemen      lost their lives fighting a fire at a skyscraper undergoing      decontamination and deconstruction at 130 Liberty Street in New York      City.  One of our subsidiaries, URS Corporation – New York, had      been retained before the accident by the 130 Liberty Street property owner      to advise, monitor and report on the general contractor’s performance as      well as its compliance with the project’s contractual requirements. In      August 2007, the Manhattan District Attorney served subpoenas related to      this accident on the property owner, URS Corporation - New York, the      general contractor and its principal subcontractors, as well as the City      of New York.  In February and April of 2008, URS Corporation –      New York was sued in the New York Supreme Court by the estates of the two      firemen for negligence, public and private nuisance, and wrongful death,      as well as for statutory violations of various local and state public      safety codes.  Both estates are alleging punitive damages and      one estate has asked for damages of approximately $50      million.  URS Corporation – New York intends to defend these      matters vigorously. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | USAID Egyptian      Projects:  In March 2003, WGI, a company acquired by us      on November 15, 2007, was notified by the Department of Justice that the      federal government was considering civil litigation against WGI for      potential violations of the US Agency for International Development      (“USAID”) source, origin, and nationality regulations in connection with      five of WGI’s USAID-financed host-country projects located in Egypt      beginning in the early 1990s. In November 2004, the federal      government filed an action in the U.S. District Court for the District of      Idaho against WGI and Contrack International Inc., an Egyptian      construction company, asserting violations under the Federal False Claims      Act, the Federal Foreign Assistance Act of 1961, and common law theories      of payment by mistake and unjust enrichment. The federal government seeks      damages and civil penalties for violations of the statutes as well as a      refund of all amounts paid under the specified contracts of approximately      $373.0 million. WGI denies any liability in the action and contests      the federal government’s damage allegations and its entitlement to any      recovery. All USAID projects under the contracts have been completed and      are fully operational. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | New Orleans Levee Failure      Class Action Litigation: From July 1999 through May 2005,      Washington Group International, Inc., an Ohio company (“WGI Ohio”), a      wholly owned subsidiary acquired by us on November 15, 2007, performed      demolition, site preparation, and environmental remediation services for      the U.S. Army Corps of Engineers on the east bank of the Inner Harbor      Navigation Canal (the “Industrial Canal”) in New Orleans, Louisiana. On      August 29, 2005, Hurricane Katrina devastated New Orleans. The storm surge      created by the hurricane overtopped the Industrial Canal levee and      floodwall, flooding the Lower Ninth Ward and other parts of the      city. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | SR-125: WGI, a company      acquired by us on November 15, 2007, has a 50% interest in a joint venture      that is performing a $401 million fixed-price highway project in      California that was approximately 95% complete as of March 28, 2008. Prior      to the acquisition, WGI recorded significant losses on the project      resulting from various developments, including final design and other      customer specifications, state regulatory agency requirements, material      quantity and cost growth, higher subcontractor and labor costs, and the      impact of schedule delays. In many instances, these developments were      unanticipated. We expect that our investment in the joint venture will be      approximately $25 million when the project is completed. It remains      possible that the joint venture may incur additional losses and, if the      joint venture is unsuccessful in recovering at least a portion of its      claims, additional charges will be required. On April 28, 2008, the      project owner drew $4.5 million on a Letter of Credit posted by WGI, based      on a disputed unilateral deductive change order issued by the project      owner. That matter is among the numerous claims in dispute made by the      joint venture against the project owner, and will ultimately be decided in      binding arbitration between the parties. The joint venture      will continue its vigorous attempt to collect all claimed      amounts. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ITEM      2. | MANAGEMENT’S      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS |
|--------------|-------------------------------------------------------------------------------------------------------|

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|                                                                                     |   | Three      Months Ended |                                             |
|------------------------------------------------------------------------------------------|--------|-------------------------|--------------------------------------------------|
| (In      millions, except percentages)                                                   |   | March      28, 2008     |                                             |   | (pro      forma combined)March      30, 2007      (1) |   |   | Increase |   |   | Percentage      Increase |   |
|                                                                                     |   |                    |          |
| R       Revenues                                                                    |   | $                       | 2,259.0                                          |   |   | $ | 1,858.0 |   |   | $ | 401.0 |   |   |   | 21.6 | % |
|                                                                                     |   |                    |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reconciliation      schedule of revenues for the three months ended March 30,      2007: |   |                    |                                             |   |   |   |   |   |   |   |   |   |   |
| Pro      forma combined revenues (1)                                                     |   |                    | $                                                | 1,858.0 |   |   |   |   |   |   |   |   |   |
| Add:      revenues adjustments accounted for under the equity method    (1)              |   |                    |                                             | 111.4 |   |   |   |   |   |   |   |   |   |
| Less:      WGI historical revenues                                                       |   |                    |                                             | (837.4 | ) |   |   |   |   |   |   |   |   |
| URS      historical revenues                                                             |   |                    | $                                                | 1,132.0 |   |   | $ | 1,127.0 |   |   |   | 99.6 | % |

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|                                                                          |   | Three      Months Ended |    |
|-------------------------------------------------------------------------------|--------|-------------------------|---------|
| (In      millions, except percentages and per share amounts)                  |   | March      28,2008      |    |   | March      30,2007 |   |   | Increase |   |   | Percentage      Increase |   |
| Revenues                                                                      |   | $                       | 2,259.0 |   |   | $ | 1,132.0 |   |   | $ | 1,127.0 |   |   |   | 99.6 | % |
| Cost      of revenues                                                         |   |                    | 2,156.7 |   |   |   | 1,064.3 |   |   |   | 1,092.4 |   |   |   | 102.6 | % |
| General      and administrative expenses                                      |   |                    | 16.2    |   |   |   | 13.6 |   |   |   | 2.6 |   |   |   | 19.1 | % |
| Equity      in income of unconsolidated affiliates                            |   |                    | 29.7    |   |   |   | 3.6 |   |   |   | 26.1 |   |   |   | 725.0 | % |
| Operating income                                                              |   |                    | 115.8   |   |   |   | 57.7 |   |   |   | 58.1 |   |   |   | 100.7 | % |
| Interest      expense                                                         |   |                    | 25.6    |   |   |   | 3.9 |   |   |   | 21.7 |   |   |   | 556.4 | % |
| Income      before income taxes and minority interests                        |   |                    | 90.2    |   |   |   | 53.8 |   |   |   | 36.4 |   |   |   | 67.7 | % |
| Income      tax expense                                                       |   |                    | 37.4    |   |   |   | 22.3 |   |   |   | 15.1 |   |   |   | 67.7 | % |
| Minority      interests in income of consolidated subsidiaries, net of    tax |   |                    | 3.4     |   |   |   | 1.1 |   |   |   | 2.3 |   |   |   | 209.1 | % |
| Net      income                                                               |   | $                       | 49.4    |   |   | $ | 30.4 |   |   | $ | 19.0 |   |   |   | 62.5 | % |
|                                                                          |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      earnings per share                                               |   | $                       | .60     |   |   | $ | .58 |   |   | $ | .02 |   |   |   | 3.4 | % |

----

|                                     |   | Three      Months Ended |   |
|------------------------------------------|--------|-------------------------|--------|
| (In      millions, except percentages)   |   | March      28, 2008     |   |   | March      30, 2007 |   |   | Increase |   |   | Percentage      Increase |   |
| Revenues                                 |   |                    |   |
| Power      sector                        |   | $                       | 400    |   |   | $ | 141 |   |   | $ | 259 |   |   |   | 183.7 | % |
| Infrastructure sector               |   |                    | 422    |   |   |   | 291 |   |   |   | 131 |   |   |   | 45.0 | % |
| Federal      sector                      |   |                    | 823    |   |   |   | 460 |   |   |   | 363 |   |   |   | 78.9 | % |
| Industrial      and commercial sector    |   |                    | 614    |   |   |   | 240 |   |   |   | 374 |   |   |   | 155.8 | % |
| Total      revenues, net of eliminations |   | $                       | 2,259  |   |   | $ | 1,132 |   |   | $ | 1,127 |   |   |   | 99.6 | % |

----

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| (In      millions, except percentages)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | Revenues |    |   | Cost      of Revenues |   |    | General      and Administrative Expenses |   |   | Equity      in Income of Unconsolidated Affiliates |   |   | Operating      Income (Loss) |    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|---------|--------|-----------------------|--------|---------|------------------------------------------|--------|--------|----------------------------------------------------|--------|--------|------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |
| Three months ended March 28,      2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |
| URS      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $        | 819.2   |   |                  | $      | 763.8   |                                     |   | $      | —                                            |   |   | $                            | 1.9     |   |   | $ | 57.3 |   |
| EG&G      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |     | 549.2   |   |                  |   | 524.4   |                                     |   |   | —                                            |   |   |                         | 1.7     |   |   |   | 26.5 |   |
| Washington      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |     | 901.6   |   |                  |   | 879.5   |                                     |   |   | —                                            |   |   |                         | 26.1    |   |   |   | 48.2 |   |
| Eliminations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |     | (11.0   | )      |                  |   | (11.0   | )                                        |   |   | —                                            |   |   |                         | — |   |   |   | — |   |
| Corporate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |     | — |   |                  |   | — |                                     |   |   | 16.2                                               |   |   |                         | — |   |   |   | (16.2 | ) |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $        | 2,259.0 |   |                  | $      | 2,156.7 |                                     |   | $      | 16.2                                               |   |   | $                            | 29.7    |   |   | $ | 115.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |                         |    |   |   |   |   |   |
| Three months ended March 30, 2007      (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |                         |    |   |   |
| URS      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $        | 727.3   |   |                  | $      | 677.4   |                                     |   | $      | —                                            |   |   | $                            | 2.2     |   |   | $ | 52.1 |   |
| EG&G      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |     | 337.8   |   |                  |   | 323.4   |                                     |   |   | —                                            |   |   |                         | 1.4     |   |   |   | 15.8 |   |
| Washington      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |     | 69.7    |   |                  |   | 66.1    |                                     |   |   | —                                            |   |   |                         | — |   |   |   | 3.6 |   |
| Eliminations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |     | (2.8    | )      |                  |   | (2.6    | )                                        |   |   | —                                            |   |   |                         | — |   |   |   | (0.2 | ) |
| Corporate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |     | — |   |                  |   | — |                                     |   |   | 13.6                                               |   |   |                         | — |   |   |   | (13.6 | ) |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $        | 1,132.0 |   |                  | $      | 1,064.3 |                                     |   | $      | 13.6                                               |   |   | $                            | 3.6     |   |   | $ | 57.7 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |                         |    |   |   |   |   |   |
| Increase (decrease) for the three      months ended March 28, 2008 and March 30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |                         |    |   |   |
| URS      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $        | 91.9    |   |                  | $      | 86.4    |                                     |   | $      | —                                            |   |   | $                            | (0.3    | ) |   | $ | 5.2 |   |
| EG&G      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |     | 211.4   |   |                  |   | 201.0   |                                     |   |   | —                                            |   |   |                         | 0.3     |   |   |   | 10.7 |   |
| Washington      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |     | 831.9   |   |                  |   | 813.4   |                                     |   |   | —                                            |   |   |                         | 26.1    |   |   |   | 44.6 |   |
| Eliminations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |     | (8.2    | )      |                  |   | (8.4    | )                                        |   |   | —                                            |   |   |                         | — |   |   |   | 0.2 |   |
| Corporate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |     | — |   |                  |   | — |                                     |   |   | 2.6                                                |   |   |                         | — |   |   |   | (2.6 | ) |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $        | 1,127.0 |   |                  | $      | 1,092.4 |                                     |   | $      | 2.6                                                |   |   | $                            | 26.1    |   |   | $ | 58.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |                         |    |   |   |   |   |   |
| Percentage increase (decrease) for the three      months ended March 28, 2008 and March 30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                     |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |                         |    |   |   |
| URS      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |     | 12.6    | %      |                  |   | 12.8    | %                                        |   |   | —                                            |   |   |                         | (13.6   | %) |   |   | 10.0 | % |
| EG&G      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |     | 62.6    | %      |                  |   | 62.2    | %                                        |   |   | —                                            |   |   |                         | 21.4    | % |   |   | 67.7 | % |
| Washington      Division                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |     | 1193.5  | %      |                  |   | 1230.6  | %                                        |   |   | —                                            |   |   |                         | — |   |   |   | 1238.9 | % |
| Eliminations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |     | 292.9   | %      |                  |   | 323.1   | %                                        |   |   | —                                            |   |   |                         | — |   |   |   | (100.0 | %) |
| Corporate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |     | — |   |                  |   | — |                                     |   |   | 19.1                                               | %      |   |                         | — |   |   |   | 19.1 | % |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |     | 99.6    | %      |                  |   | 102.6   | %                                        |   |   | 19.1                                               | %      |   |                         | 725.0   | % |   |   | 100.7 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |     |    |   |                  |   |    |                                     |   |   |                                               |   |   |                         |    |   |   |   |   |   |
|  (1) We revised      and conformed the prior period’s amounts to our current year’s segment      presentation. As Washington Division did not exist , as a division, before      November 15, 2007, the amounts presented for the first quarter of fiscal      2007 are not comparable to the results for the first quarter of fiscal      2008, and are comprised of the amounts that represent the result of      realignment of our operations among our divisions as discussed      above. |   |

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URSDivision

|                                     |   | Three      Months Ended |   |
|------------------------------------------|--------|-------------------------|--------|
| (In      millions, except percentages)   |   | March      28,2008      |   |   | March      30, 2007 |   |   | Increase/(Decrease) |   |   | Percentage      Increase/(Decrease) |   |
| Revenues                                 |   |                    |   |
| Power      sector                        |   | $                       | 52     |   |   | $ | 80 |   |   | $ | (28 | ) |   |   | (35.0 | %) |
| Infrastructure      sector               |   |                    | 338    |   |   |   | 289 |   |   |   | 49 |   |   |   | 17.0 | % |
| Federal      sector                      |   |                    | 158    |   |   |   | 118 |   |   |   | 40 |   |   |   | 33.9 | % |
| Industrial      and commercial sector    |   |                    | 270    |   |   |   | 238 |   |   |   | 32 |   |   |   | 13.4 | % |
| Total revenues, net of      eliminations |   | $                       | 818    |   |   | $ | 725 |   |   | $ | 93 |   |   |   | 12.8 | % |
|                                     |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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|                                     |   | Three      Months Ended |   |
|------------------------------------------|--------|-------------------------|--------|
| (In      millions, except percentages)   |   | March      28,2008      |   |   | March      30, 2007      (1) |   |   | Increase |   |   | Percentage      increase |   |
| Revenues                                 |   |                    |   |
| Power      sector                        |   | $                       | 348    |   |   | $ | 61 |   |   | $ | 287 |   |   |   | 470.5 | % |
| Infrastructure      sector               |   |                    | 84     |   |   |   | 2 |   |   |   | 82 |   |   |   | 4100.0 | % |
| Federal      sector                      |   |                    | 116    |   |   |   | 5 |   |   |   | 111 |   |   |   | 2220.0 | % |
| Industrial      and commercial sector    |   |                    | 344    |   |   |   | 2 |   |   |   | 342 |   |   |   | 17100.0 | % |
| Total revenues, net of      eliminations |   | $                       | 892    |   |   | $ | 70 |   |   | $ | 822 |   |   |   | 1174.3 | % |
|                                     |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (1)   | We revised      and conformed the prior period’s amounts to our current year’s segment      presentation. As Washington Division did not exist, as a      division, before November 15, 2007, the amounts presented for the      first quarter of fiscal 2007 are not comparable to the results for the      first quarter of fiscal 2008, and are comprised of the amounts that      represent the result of realignment of our operations among our divisions      as discussed above. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Liquidity andCapital Resources

|                                      |   | Three      Months Ended, |   |
|-------------------------------------------|--------|--------------------------|--------|
| (In      millions)                        |   | March      28,2008       |   |   | March      30, 2007 |   |
| Cash      flows from operating activities |   | $                        | (23.9  | ) |   | $ | (48.2 | ) |
| Cash      flows from investing activities |   |                     | (23.9  | ) |   |   | (4.8 | ) |
| Cash      flows from financing activities |   |                     | (16.1  | ) |   |   | 28.3 |   |

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|                                                                                                                                                                                                                                                                                                                                                                           |   | Payments      and Commitments Due by Period |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|---------|
| Contractual      Obligations(Debt      payments include principal only)(In      millions)                                                                                                                                                                                                                                                                                      |   | Total                                       |    |   | Less      Than 1 Year |   |   | 1-3      Years |   |   | 4-5      Years |   |   | After5      Years |   |   | Other |   |
|                                                                                                                                                                                                                                                                                                                                                                           |   |                                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2007      Credit Facility (1)                                                                                                                                                                                                                                                                                                                                                  |   | $                                           | 1,275.0 |   |   | $ | — |   |   | $ | 174.6 |   |   | $ | 1,028.8 |   |   | $ | 71.6 |   |   | $ | — |   |
| Capital      lease obligations and equipment notes (1)                                                                                                                                                                                                                                                                                                                         |   |                                        | 20.9    |   |   |   | 8.9 |   |   |   | 8.8 |   |   |   | 3.2 |   |   |   | — |   |   |   | — |   |
| Notes      payable, foreign credit lines and other indebtedness (1)                                                                                                                                                                                                                                                                                                            |   |                                        | 29.8    |   |   |   | 8.8 |   |   |   | 15.4 |   |   |   | 5.4 |   |   |   | 0.2 |   |   |   | — |   |
| Total      debt                                                                                                                                                                                                                                                                                                                                                                |   |                                        | 1,325.7 |   |   |   | 17.7 |   |   |   | 198.8 |   |   |   | 1,037.4 |   |   |   | 71.8 |   |   |   | — |   |
| Operating      lease obligations      (2)                                                        |   |                                        | 620.4   |   |   |   | 149.4 |   |   |   | 247.4 |   |   |   | 141.2 |   |   |   | 82.4 |   |   |   | — |   |
| Pension      and other retirement plans funding requirements (3)                                                                                                                                                                                                                                                                                                               |   |                                        | 248.5   |   |   |   | 33.4 |   |   |   | 52.6 |   |   |   | 41.6 |   |   |   | 120.9 |   |   |   | — |   |
| Purchase      obligations      (4)                                                               |   |                                        | 3.7     |   |   |   | 2.5 |   |   |   | 1.2 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Interest      (5)                                                                                |   |                                        | 280.1   |   |   |   | 76.6 |   |   |   | 132.4 |   |   |   | 70.6 |   |   |   | 0.5 |   |   |   | — |   |
| Asset      retirement obligations      (6)                                                       |   |                                        | 4.6     |   |   |   | 0.8 |   |   |   | 0.3 |   |   |   | 1.4 |   |   |   | 2.1 |   |   |   | — |   |
| Other      contractual obligations (7)                                                                                                                                                                                                                                                                                                                                         |   |                                        | 35.4    |   |   |   | 11.1 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 24.3 |   |
| Total      contractual obligations                                                                                                                                                                                                                                                                                                                                             |   | $                                           | 2,518.4 |   |   | $ | 291.5 |   |   | $ | 632.7 |   |   | $ | 1,292.2 |   |   | $ | 277.7 |   |   | $ | 24.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                           |   |                                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (1)   | Amounts      shown exclude unamortized debt issuance costs of $19.4 million for the      2007 Credit Facility. For capital lease obligations, amounts shown exclude      interest of $2.0 million. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Operating      leases are predominantly real estateleases. |
|-----------------|------------------------------------------------------------|

| (3)   | Amounts      consist of pension and other retirement plan funding requirements for      various pension, post-retirement, and other retirement    plans. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Purchase      obligations consist primarily of software maintenance      contracts. |
|-----------------|-------------------------------------------------------------------------------------|

| (5)   | Interest      for the next five years, which excludes non-cash interest, is determined      based on the current outstanding balance of our debt and payment schedule      at the estimated interest rate including the effect of the interest rate      swaps. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6)   | Asset      retirement obligations represent the estimated costs of removing and      restoring the leased properties to the original condition pursuant to our      real estate lease agreements. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7)   | Other      contractual obligations include net liabilities for anticipated      settlements under Financial Accounting Standards Board ("FASB")      Intepretation No. 48, "Accounitng for      Uncertainty in Income Taxes, an interpreation of FASB Statement No.      109" ("FIN 48") tax liabilities, including interest.      Generally, it is not practicable to forecast or estimate the payment dates      for our FIN 48 liabilities. Therefore, we included the estimated      liabilities under the “Other” column above. In addition, we do not expect      that the payment of any of the above-mentioned FIN 48 liabilities will      have a material impact on ourliquidity. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | As      of March 28, 2008, we had $226.8 million in standby letters of credit      under our 2007 Credit Facility. Letters of credit are used primarily to      support insurance programs, bonding arrangements and real estate leases.      We are required to reimburse the issuers of letters of credit for any      payments they make under the outstanding letters of credit. Our 2007      Credit Facility covers the issuance of our standby letters of credit and      is critical for our normal operations.  If we default on the      2007 Credit Facility, our ability to issue or renew standby letters of      credit would impair our ability to maintain normal    operations. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We have guaranteed the credit facility of one of our joint      ventures in the event of a default by the joint venture. This joint      venture was formed in the ordinary course of business to perform a      contract for the federal government. The term of the guarantee was equal      to the remaining term of the underlying credit facility. As of March 28,      2008, the amount of the guarantee was $15.0 million, and will expire on      September 30, 2008. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      have guaranteed a letter of credit issued on behalf of one of our      construction joint ventures, in which we are a 60% owner. The total amount      of the letter of credit was $7.2 million as of March 28,    2008. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      have agreed to indemnify one of our joint venture partners up to $25.0      million for any potential losses and damages, and liabilities associated      with lawsuits in relation to general and administrative services we      provide to the joint venture.  Currently, we have no indemnified      claims. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | As      of March 28, 2008, the amount of a guarantee used to collateralize the      credit facility of our United Kingdom operating subsidiary and bank      guarantee lines of our European subsidiaries was $10.1      million. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | From      time to time, we provide guarantees related to our services or work. If      our services under a guaranteed project are later determined to have      resulted in a material defect or other material deficiency, then we may be      responsible for monetary damages or other legal remedies. When sufficient      information about claims on guaranteed projects is available and monetary      damages or other costs or losses are determined to be probable, we      recognize such guarantee losses. Currently, we have no guarantee claims      for which losses have beenrecognized. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | In      the ordinary course of business, we enter into various agreements      providing performance assurances to clients on behalf of certain      unconsolidated subsidiaries, joint ventures, and other jointly executed      contracts. These agreements are entered into primarily to support the      project execution commitments of these entities. The maximum potential      payment amount of an outstanding performance guarantee is the remaining      cost of work to be performed by or on behalf of third parties under      engineering and construction contracts. Amounts that may be required to be      paid in excess of estimated costs to complete contracts in progress are      not estimable. For cost-plus contracts, amounts that may become payable      pursuant to guarantee provisions are normally recoverable from the client      for work performed under the contract. For lump sum or fixed price      contracts, this amount is the cost to complete the contracted work less      amounts remaining to be billed to the client under the contract. Remaining      billable amounts could be greater or less than the cost to complete. In      those cases where costs exceed the remaining amounts payable under the      contract, we may have recourse to third parties, such as owners,      co-venturers, subcontractors or vendors, for  claims. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      the ordinary course of business, we cause surety bonds to be issued      generally in connection with contract performance obligations that are not      required to be recorded in our condensed consolidated balance sheets. We      are obligated to reimburse the issuer of our surety bonds for any payments      made hereunder. Our commitments under performance bonds generally end      concurrent with the expiration of our contractual    obligation. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (In      millions, except percentages)                                    |   | Three      Months Ended March 28, 2008 |   |   | Year      Ended December      28,2007 |   |
|---------------------------------------------------------------------------|--------|----------------------------------------|--------|--------|---------------------------------------|--------|
| Effective      average interest rates paid on the revolving line ofcredit |   |                                   | 6.7    | %      |                                  |   | 8.2 | % |
| Average      daily revolving line of credit balances                      |   | $                                      | 0.1    |   |                                  | $      | 2.3 |   |
| Maximum      amounts outstanding at any one point in time                 |   | $                                      | 7.6    |   |                                  | $      | 40.3 |   |

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ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUTMARKET RISK

$2.4 million. Conversely, if market rates average1% lower in the next twelve months, our net-of-tax interest expense woulddecrease by approximately $2.4 million.

ITEM 4.  CONTROLS AND PROCEDURES

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ITEM 1.  LEGAL PROCEEDINGS

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ITEM 1A.  RISK FACTORS 

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| ·   | require      us to dedicate a substantial portion of our cash flow from operations to      the servicing and repayment of our debt, thereby reducing funds available      for working capital, capital expenditures, dividends, acquisitions and      other purposes; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | increase      our vulnerability to, and limit flexibility in planning for, adverse      economic and industry conditions; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|

| ·   | adversely      affect our ability to obtain suretybonds; |
|--------------------|----------------------------------------------------------|

| ·   | limit      our ability to obtain additional financing to fund future working capital,      capital expenditures, additional acquisitions and other general corporate      initiatives; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | create      competitive disadvantages compared to other companies with less      indebtedness; |
|--------------------|------------------------------------------------------------------------------------------------|

| ·   | adversely      affect our stock price; and |
|--------------------|--------------------------------------------|

| ·   | limit      our ability to apply proceeds from an offering or asset sale to purposes      other than the servicing and repayment ofdebt. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | incur      additional indebtedness; |
|--------------------|-------------------------------------|

| ·   | pay      dividends to our stockholders; |
|--------------------|-----------------------------------------|

| ·   | repurchase      or redeem our stock; |
|--------------------|--------------------------------------|

| ·   | repay      indebtedness that is junior to our 2007 Credit  Facility; |
|--------------------|----------------------------------------------------------------------|

| ·   | make      investments and other restrictedpayments; |
|--------------------|-----------------------------------------------------|

| ·   | create      liens securing debt or other encumbrances on our  assets; |
|--------------------|-----------------------------------------------------------------------|

| ·   | enter      into sale-leaseback transactions; |
|--------------------|----------------------------------------------|

| ·   | enter      into transactions with our stockholders and  affiliates; |
|--------------------|---------------------------------------------------------------------|

| ·   | sell      or exchange assets; and |
|--------------------|-----------------------------------|

| ·   | acquire      the assets of, or merge or consolidate with, other    companies. |
|--------------------|-------------------------------------------------------------------------------|

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| ·   | coordinating      bid and marketing functions; |
|--------------------|------------------------------------------------|

| ·   | unanticipated      issues in integrating information, communications and other      systems; |
|--------------------|----------------------------------------------------------------------------------------------|

| ·   | unanticipated      incompatibility of logistics, marketing and administration      methods; |
|--------------------|---------------------------------------------------------------------------------------------|

| ·   | maintaining      employee morale and retaining keyemployees; |
|--------------------|--------------------------------------------------------------|

| ·   | integrating      the business cultures of bothcompanies; |
|--------------------|----------------------------------------------------------|

| ·   | preserving      important strategic and customerrelationships; |
|--------------------|----------------------------------------------------------------|

| ·   | consolidating      corporate and administrative infrastructures and eliminating duplicative      operations; |
|--------------------|--------------------------------------------------------------------------------------------------------------|

| ·   | the      diversion of management’s attention from ongoing business      concerns; and |
|--------------------|--------------------------------------------------------------------------------------------------|

| ·   | coordinating      geographically separateorganizations. |
|--------------------|---------------------------------------------------------|

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| ·   | the      application of the “percentage-of-completion” method of accounting and      revenue recognition on contracts, change orders and contract      claims; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | provisions      for uncollectible receivables and customer claims and recoveries of costs      from subcontractors, vendors andothers; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | provisions      for income taxes and related valuation  allowances; |
|--------------------|---------------------------------------------------------------------|

| ·   | value      of goodwill and recoverability of other intangible  assets; |
|--------------------|------------------------------------------------------------------------|

| ·   | valuation      of assets acquired and liabilities assumed in connection with business      combinations; |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | valuation      of defined benefit pension plans and other employee benefit      plans; |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | valuation      of stock-based compensation expense;and |
|--------------------|--------------------------------------------------------|

| ·   | accruals      for estimated liabilities, including litigation and insurance      reserves. |
|--------------------|--------------------------------------------------------------------------------------------|

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| ·   | lack      of developed legal systems to enforce contractual  rights; |
|--------------------|----------------------------------------------------------------------|

| ·   | greater      risk of uncollectible accounts and longer collection    cycles; |
|--------------------|------------------------------------------------------------------------------|

| ·   | currency      fluctuations; |
|--------------------|-----------------------------|

| ·   | logistical      and communication challenges; |
|--------------------|-----------------------------------------------|

| ·   | potentially      adverse changes in laws and regulatory practices, including export license      requirements, trade barriers, tariffs and tax  laws; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | changes      in labor conditions; |
|--------------------|-----------------------------------|

| ·   | exposure      to liability under the Foreign Corrupt Practices Act, as well as the      export control and anti-boycott laws;and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| ·   | general      economic and political conditions in foreign  markets. |
|--------------------|---------------------------------------------------------------------|

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ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OFPROCEEDS 

| Period (In      thousands, except average price paid per    share)                                                                                                                                                |   | (a)      Total Number of Shares Purchased (1) |    |   | (b)      Average Price Paid per Share |   |    | (c)      Total Number of Shares Purchased as Part of Publicly Announced Plans or      Programs (2) |   |   | (d)      Maximum Number of Shares that May Yet be Purchased Under the Plans or      Programs |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|---------|--------|---------------------------------------|--------|---------|----------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------------|--------|
| December      29, 2007 – January      25, 2008                                                                                                                                                              |   |                                          | — |   |                                  | $      | — |                                                                                               |   |   | —                                                                                      |   |   |   | — |   |
| January      26, 2008 – February      22, 2008                                                                                                                                                              |   |                                          | 21      |   |                                  |   | 46.57   |                                                                                               |   |   | —                                                                                      |   |   |   | — |   |
| February      23, 2008 – March      28, 2008                                                                                                                                                                |   |                                          | 47      |   |                                  |   | 33.76   |                                                                                               |   |   | —                                                                                      |   |   |   | 3,138 |   |
| Total                                   |   |                                          | 68      |   |                                  |   |    |                                                                                               |   |   | —                                                                                      |   |   |   | 3,138 |   |

| (1)   | All      purchases were made pursuant to our Stock Incentive Plans, which allow our      employees to surrender shares of our common stock as payment toward the      exercise cost and tax withholding obligations associated with the exercise      of stock options or the vesting of restricted or deferred      stock. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | On      March 26, 2007, we announced that our Board of Directors approved a common      stock repurchase program that will allow the repurchase of up to one      million shares of our common stock plus additional shares issued or deemed      issued under our Stock Incentive Plans and ESPP for the period from      December 30, 2006 through January 1, 2010 (excluding shares issuable upon      the exercise of options granted prior to December 30, 2006). Our stock      repurchase program will terminate on January 1, 2010. Pursuant to our 2007      Credit Facility, we are subject to covenants that will limit our ability      to repurchase our common stock. We did not make any repurchases through      this publicly announced repurchase program during the first quarter ended      March 28, 2008. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS

ITEM 5.  OTHER INFORMATION

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ITEM 6. EXHIBITS

|                    |                                                                                                                                                                | Incorporated      by Reference |    |
|-------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|---------|
| Exhibit      Number     | Exhibit      Description                                                                                                                                            | Form                           | Exhibit | Filing      Date | Filed      Herewith |
| 3.1                     | Certificate      of Incorporation of URS Corporation.                                                                                                          | 10-K                           | 3.1     | Year      Ended 10/31/1991 |   |
| 3.2                     | Certificate      of Amendment of Certificate of Incorporation of URS Corporation as amended      October 18, 1999.                                             | 10-K                           | 3.3     | 1/22/2004 |   |
| 3.3                     | Certificate      of Elimination, as filed with the Secretary of the State of Delaware on      July 23, 2003.                                                   | 10-Q                           | 3.1     | 9/15/2003 |   |
| 3.4                     | Certificate      of Amendment of Certificate of Incorporation of URS Corporation as amended      March 24, 2004.                                               | 10-Q                           | 3.1     | 6/14/2004 |   |
| 3.5                     | By-laws      of URS Corporation as amended through January 30, 2008.                                                                                           | 8-K                            | 3.05    | 2/4/2008 |   |
|    10.1* | 2008      URS Corporation Annual Incentive Compensation Plan pursuant to the 1999      Incentive Compensation Plan.                                            | 8-K                            | 10.1    | 4/1/2008 |   |
| 31.1                    | Certification      of the Company’s Chief Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002.                              |                           |    |   | X |
| 31.2                    | Certification      of the Company’s Chief Financial Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002.                              |                           |    |   | X |
| 32                      | Certification      of the Company’s Chief Executive Officer and Chief Financial Officer      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.  |                           |    |   | X** |

|   | **      Document has been furnished and notfiled. |
|--------|---------------------------------------------------|

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|                    | URS      CORPORATION |                                                         |
|-------------------------|----------------------|--------------------------------------------------------------|
|                    |                 |                                                         |   |
| Dated:      May 7, 2008 | By:                  | /s/ Reed      N. Brimhall                               |   |
|                    |                 | Reed      N. Brimhall                                        |   |
|                    |                 | Vice      President, Controller and Chief Accounting Officer |   |
|                    |                 |                                                         |   |

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|   | 31.1 | Certification      of the Company’s Chief Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification      of the Company’s Chief Financial Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | 32 | Certification      of the Company’s Chief Executive Officer and Chief Financial Officer      pursuant to Section 906 of the Sarbanes-Oxley Act of  2002. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|