----

----

| (Mark one)                                  |
|---------------------------------------------|
|   x                                    | QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|                                        |
| For the quarterly period ended July 4, 2014 |
|                                        |   |
| 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 or organization) | (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 August 4, 2014 |
|------------------------------|-------------------------------|
|                         |                          |
| Common Stock, $.01 par value | 69,123,739                    |

----

----

----

Part I, Item 2 – “Management’s Discussion and Analysis of Financial Condition and Results of Operations

----

| PART I.  FINANCIAL INFORMATION: |
|-------------------------------------------|
|                                      |   |   |   |
| Item 1.                                   | Financial Statements |   |
|                                      | Condensed Consolidated Balance Sheets |   |
|                                      |   | July 4, 2014 and January 3, 2014 | 4 |
|                                      | Condensed Consolidated Statements of Operations |   |
|                                      |   | Three and six months ended July 4, 2014 and June 28, 2013 | 5 |
|                                      | Condensed Consolidated Statements of Comprehensive Income |   |
|                                      |   | Three and six months ended July 4, 2014 and June 28, 2013 | 6 |
|                                      | Condensed Consolidated Statements of Cash Flows |   |
|                                      |   | Six months ended July 4, 2014 and June 28, 2013 | 7 |
|                                      | Notes to Condensed Consolidated Financial Statements | 9 |
| Item 2.                                   | Management's Discussion and Analysis of Financial Condition and Results of Operations | 40 |
| Item 3.                                   | Quantitative and Qualitative Disclosures About Market Risk | 62 |
| Item 4.                                   | Controls and Procedures | 63 |
|                                      |   |   |   |
| PART II.  OTHER INFORMATION:    |
|                                      |   |   |   |
| Item 1.                                   | Legal Proceedings | 64 |
| Item 1A.                                  | Risk Factors | 64 |
| Item 2.                                   | Unregistered Sales of Equity Securities and Use of Proceeds | 67 |
| Item 3.                                   | Defaults Upon Senior Securities | 68 |
| Item 4.                                   | Mine Safety Disclosure | 68 |
| Item 5.                                   | Other Information | 68 |
| Item 6.                                   | Exhibits | 69 |

----

|                                                                                                                                                 |   | July 4, 2014 |    |   | January 3, 2014 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|---------|--------|-----------------|--------|
| ASSETS                                                                                                                                               |   |         |    |   |            |   |
| Current assets:                                                                                                                                      |   |         |    |   |            |   |
| Cash and cash equivalents                                                                                                                            |   | $            | 283     |   |            | $      | 284 |   |
| Accounts receivable, including retentions of $139 and $117, respectively                                                                        |   |         | 1,374   |   |            |   | 1,393 |   |
| Costs and accrued earnings in excess of billings on contracts                                                                                        |   |         | 1,537   |   |            |   | 1,521 |   |
| Less receivable allowances                                                                                                                           |   |         | (59     | )      |            |   | (65 | ) |
| Net accounts receivable                                                                                                                              |   |         | 2,852   |   |            |   | 2,849 |   |
| Other current assets                                                                                                                                 |   |         | 231     |   |            |   | 258 |   |
| Total current assets                                                                                                                                 |   |         | 3,366   |   |            |   | 3,391 |   |
| Investments in and advances to unconsolidated joint ventures                                                                                         |   |         | 244     |   |            |   | 245 |   |
| Property and equipment, net of accumulated depreciation of $715 and $676, respectively                                                          |   |         | 592     |   |            |   | 608 |   |
| Intangible assets, net                                                                                                                               |   |         | 523     |   |            |   | 570 |   |
| Goodwill                                                                                                                                             |   |         | 3,709   |   |            |   | 3,696 |   |
| Other long-term assets                                                                                                                               |   |         | 221     |   |            |   | 208 |   |
| Total assets                                                                                                                                         |   | $            | 8,655   |   |            | $      | 8,718 |   |
| LIABILITIES AND EQUITY                                                                                                                               |   |         |    |   |            |   |   |   |
| Current liabilities:                                                                                                                                 |   |         |    |   |            |   |   |   |
| Current portion of long-term debt                                                                                                                    |   | $            | 51      |   |            | $      | 45 |   |
| Accounts payable and subcontractors payable, including retentions of $29 and $29, respectively                                                  |   |         | 692     |   |            |   | 688 |   |
| Accrued salaries and employee benefits                                                                                                               |   |         | 523     |   |            |   | 507 |   |
| Billings in excess of costs and accrued earnings on contracts                                                                                        |   |         | 222     |   |            |   | 233 |   |
| Other current liabilities                                                                                                                            |   |         | 327     |   |            |   | 366 |   |
| Total current liabilities                                                                                                                            |   |         | 1,815   |   |            |   | 1,839 |   |
| Long-term debt                                                                                                                                       |   |         | 1,779   |   |            |   | 1,667 |   |
| Deferred tax liabilities                                                                                                                             |   |         | 428     |   |            |   | 444 |   |
| Self-insurance reserves                                                                                                                              |   |         | 128     |   |            |   | 127 |   |
| Pension and post-retirement benefit obligations                                                                                                      |   |         | 281     |   |            |   | 286 |   |
| Other long-term liabilities                                                                                                                          |   |         | 136     |   |            |   | 128 |   |
| Total liabilities                                                                                                                                    |   |         | 4,567   |   |            |   | 4,491 |   |
| Commitments and contingencies (Note 13)                                                                                                              |   |         |    |   |            |   |   |   |
| URS stockholders’ equity:                                                                                                                      |   |         |    |   |            |   |   |   |
| Preferred stock, authorized 3 shares; no shares outstanding                                                                                          |   |         | — |   |            |   | — |   |
| Common stock, par value $.01; authorized 200 shares; 89 and 89 shares issued, respectively; and 69 and 75 shares outstanding, respectively |   |         | 1       |   |            |   | 1 |   |
| Treasury stock, 20 and 14 shares at cost, respectively                                                                                               |   |         | (854    | )      |            |   | (588 | ) |
| Additional paid-in capital                                                                                                                           |   |         | 3,059   |   |            |   | 3,038 |   |
| Accumulated other comprehensive loss                                                                                                                 |   |         | (178    | )      |            |   | (201 | ) |
| Retained earnings                                                                                                                                    |   |         | 1,915   |   |            |   | 1,831 |   |
| Total URS stockholders’ equity                                                                                                                 |   |         | 3,943   |   |            |   | 4,081 |   |
| Noncontrolling interests                                                                                                                             |   |         | 145     |   |            |   | 146 |   |
| Total stockholders’ equity                                                                                                                     |   |         | 4,088   |   |            |   | 4,227 |   |
| Total liabilities and stockholders’ equity                                                                                                     |   | $            | 8,655   |   |            | $      | 8,718 |   |

----

|                                                                 |   | Three Months Ended |   |   | Six Months Ended |   |
|----------------------------------------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                                                 |   | July 4,            |   |   | June 28,         |   |   | July 4, |   |   | June 28, |   |
|                                                                 |   | 2014               |   |   | 2013             |   |   | 2014 |   |   | 2013 |   |
|                                                                 |   |               |   |   |             |   |   |   |   |   |   |   |
| Revenues                                                             |   | $                  | 2,555  |   |             | $      | 2,792 |   |   | $ | 5,092 |   |   | $ | 5,595 |   |
| Cost of revenues                                                     |   |               | (2,407 | )      |             |   | (2,642 | ) |   |   | (4,854 | ) |   |   | (5,293 | ) |
| General and administrative expenses                                  |   |               | (27    | )      |             |   | (23 | ) |   |   | (49 | ) |   |   | (46 | ) |
| Equity in income of unconsolidated joint ventures                    |   |               | 17     |   |             |   | 18 |   |   |   | 36 |   |   |   | 42 |   |
| Operating income                                                     |   |               | 138    |   |             |   | 145 |   |   |   | 225 |   |   |   | 298 |   |
| Interest expense                                                     |   |               | (18    | )      |             |   | (21 | ) |   |   | (36 | ) |   |   | (42 | ) |
| Other income (expenses)                                              |   |               | 1      |   |             |   | (3 | ) |   |   | (3 | ) |   |   | (6 | ) |
| Income before income taxes                                           |   |               | 121    |   |             |   | 121 |   |   |   | 186 |   |   |   | 250 |   |
| Income tax expense                                                   |   |               | (13    | )      |             |   | (39 | ) |   |   | (39 | ) |   |   | (81 | ) |
| Net income including noncontrolling interests                        |   |               | 108    |   |             |   | 82 |   |   |   | 147 |   |   |   | 169 |   |
| Noncontrolling interests in income of consolidated subsidiaries |   |               | (20    | )      |             |   | (15 | ) |   |   | (32 | ) |   |   | (30 | ) |
| Net income attributable to URS                                       |   | $                  | 88     |   |             | $      | 67 |   |   | $ | 115 |   |   | $ | 139 |   |
|                                                                 |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share (Note 3):                                         |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                |   | $                  | 1.28   |   |             | $      | 0.91 |   |   | $ | 1.64 |   |   | $ | 1.88 |   |
| Diluted                                                              |   | $                  | 1.27   |   |             | $      | 0.91 |   |   | $ | 1.63 |   |   | $ | 1.87 |   |
| Weighted-average shares outstanding (Note 3):                        |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                |   |               | 68.3   |   |             |   | 73.8 |   |   |   | 69.9 |   |   |   | 74.1 |   |
| Diluted                                                              |   |               | 68.8   |   |             |   | 74.0 |   |   |   | 70.5 |   |   |   | 74.4 |   |
|                                                                 |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Cash dividends declared per share (Note 11)                          |   | $                  | 0.22   |   |             | $      | 0.21 |   |   | $ | 0.44 |   |   | $ | 0.42 |   |

----

|                                                                               |   | Three Months Ended |   |     | Six Months Ended |   |
|------------------------------------------------------------------------------------|--------|--------------------|--------|----------|------------------|--------|
|                                                                               |   | July 4,            |   | June 28, |             |   | July 4, |   | June 28, |   |
|                                                                               |   | 2014               |   | 2013     |             |   | 2014 |   | 2013 |   |
| Comprehensive income:                                                              |   |               |   |     |             |   |   |   |   |   |
| Net income including noncontrolling interests                                      |   | $                  | 108    |     |             | $      | 82 |   |   | $ | 147 |   |   | $ | 169 |   |
| Pension and post-retirement related adjustments, net of tax                   |   |               | (1     | )        |             |   | 2 |   |   |   | — |   |   |   | 6 |   |
| Foreign currency translation adjustments, net of tax                          |   |               | 39     |     |             |   | (39 | ) |   |   | 22 |   |   |   | (76 | ) |
| Comprehensive income                                                               |   |               | 146    |     |             |   | 45 |   |   |   | 169 |   |   |   | 99 |   |
| Noncontrolling interests in comprehensive income of consolidated subsidiaries |   |               | (20    | )        |             |   | (15 | ) |   |   | (32 | ) |   |   | (30 | ) |
| Comprehensive income attributable to URS                                      |   | $                  | 126    |     |             | $      | 30 |   |   | $ | 137 |   |   | $ | 69 |   |

----

|                                                                                           |   | Six Months Ended |   |
|------------------------------------------------------------------------------------------------|--------|------------------|--------|
|                                                                                           |   | July 4,          |   |   | June 28, |   |
|                                                                                           |   | 2014             |   |   | 2013 |   |
| Cash flows from operating activities:                                                          |   |             |   |   |   |   |
| Net income including noncontrolling interests                                                  |   | $                | 147    |   |   | $ | 169 |   |
| Adjustments to reconcile net income to net cash from operating activities:                     |   |             |   |   |   |   |   |   |
| Depreciation and amortization                                                                  |   |             | 71     |   |   |   | 79 |   |
| Amortization of intangible assets                                                              |   |             | 49     |   |   |   | 55 |   |
| Gain on disposal of property and equipment                                                     |   |             | (14    | ) |   |   | (10 | ) |
| Deferred income taxes                                                                          |   |             | (10    | ) |   |   | 12 |   |
| Stock-based compensation                                                                       |   |             | 18     |   |   |   | 23 |   |
| Equity in income of unconsolidated joint ventures                                              |   |             | (36    | ) |   |   | (42 | ) |
| Dividends received from unconsolidated joint ventures                                          |   |             | 44     |   |   |   | 52 |   |
| Changes in operating assets, liabilities and other:                                            |   |             |   |   |   |   |   |   |
| Accounts receivable and costs and accrued earnings in excess of billings on contracts     |   |             | 6      |   |   |   | 129 |   |
| Other current assets                                                                           |   |             | 11     |   |   |   | 25 |   |
| Other long-term assets                                                                         |   |             | (6     | ) |   |   | (122 | ) |
| Accounts payable, accrued salaries and employee benefits, and other current liabilities   |   |             | (2     | ) |   |   | (281 | ) |
| Billings in excess of costs and accrued earnings on contracts                                  |   |             | (14    | ) |   |   | (25 | ) |
| Other long-term liabilities                                                                    |   |             | (2     | ) |   |   | 26 |   |
| Total adjustments and changes                                                                  |   |             | 115    |   |   |   | (79 | ) |
| Net cash from operating activities                                                             |   |             | 262    |   |   |   | 90 |   |
| Cash flows from investing activities:                                                          |   |             |   |   |   |   |   |   |
| Proceeds from disposal of property and equipment                                               |   |             | 33     |   |   |   | 26 |   |
| Changes in restricted cash                                                                     |   |             | 3      |   |   |   | 2 |   |
| Capital expenditures, less equipment purchased through capital leases and equipment notes |   |             | (42    | ) |   |   | (46 | ) |
| Net cash from investing activities                                                             |   |             | (6     | ) |   |   | (18 | ) |

----

|                                                                                  |   | Six Months Ended |    |
|---------------------------------------------------------------------------------------|--------|------------------|---------|
|                                                                                  |   | July 4,          |    |   | June 28, |   |
|                                                                                  |   | 2014             |    |   | 2013 |   |
| Cash flows from financing activities:                                                 |   |             |    |   |   |   |
| Payments on long-term debt                                                            |   |             | (3      | ) |   |   | (2 | ) |
| Borrowings from revolving line of credit                                              |   |             | 663     |   |   |   | 858 |   |
| Payments on revolving line of credit                                                  |   |             | (581    | ) |   |   | (823 | ) |
| Net payments on other indebtedness                                                    |   |             | (11     | ) |   |   | (24 | ) |
| Net change in overdrafts                                                              |   |             | 1       |   |   |   | (13 | ) |
| Excess tax benefits from stock-based compensation                                     |   |             | — |   |   |   | 2 |   |
| Proceeds from employee stock purchases and exercises of stock options                 |   |             | 2       |   |   |   | 13 |   |
| Distributions to noncontrolling interests                                             |   |             | (36     | ) |   |   | (32 | ) |
| Dividends paid                                                                        |   |             | (31     | ) |   |   | (31 | ) |
| Repurchases of common stock                                                           |   |             | (266    | ) |   |   | (93 | ) |
| Net cash from financing activities                                                    |   |             | (262    | ) |   |   | (145 | ) |
| Net change in cash and cash equivalents                                               |   |             | (6      | ) |   |   | (73 | ) |
| Effect of foreign exchange rate changes on cash and cash equivalents                  |   |             | 5       |   |   |   | (8 | ) |
| Cash and cash equivalents at beginning of period                                      |   |             | 284     |   |   |   | 315 |   |
| Cash and cash equivalents at end of period                                            |   | $                | 283     |   |   | $ | 234 |   |
|                                                                                  |   |             |    |   |   |   |   |   |
| Supplemental information:                                                             |   |             |    |   |   |   |   |   |
| Interest paid                                                                         |   | $                | 36      |   |   | $ | 40 |   |
| Taxes paid                                                                            |   | $                | 34      |   |   | $ | 98 |   |
|                                                                                  |   |             |    |   |   |   |   |   |
| Supplemental schedule of non-cash investing and financing activities:                 |   |             |    |   |   |   |   |   |
| Equipment acquired with capital lease obligations and equipment note obligations |   | $                | 31      |   |   | $ | 29 |   |
| Cash dividends declared but not paid                                                  |   | $                | 17      |   |   | $ | 16 |   |

----

----

| NOTE 2.  ADOPTED AND OTHER RECENTLY ISSUED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS |
|---------------------------------------------------------------------------------------------------|

From time to time

----

|                                                                                              |   | Three Months Ended |   |   | Six Months Ended |   |
|---------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                                                                              |   | July 4,            |   |   | June 28,         |   |   | July 4, |   |   | June 28, |   |
| (In millions)                                                                                     |   | 2014               |   |   | 2013             |   |   | 2014 |   |   | 2013 |   |
|                                                                                              |   |               |   |   |             |   |   |   |   |   |   |   |
| Weighted-average shares of common stock outstanding (1)                                           |   |               | 68.3   |   |             |   | 73.8 |   |   |   | 69.9 |   |   |   | 74.1 |   |
| Effect of dilutive restricted stock awards and units and employee stock purchase plan shares |   |               | 0.5    |   |             |   | 0.2 |   |   |   | 0.6 |   |   |   | 0.3 |   |
| Weighted-average shares of common stock outstanding – Diluted                          |   |               | 68.8   |   |             |   | 74.0 |   |   |   | 70.5 |   |   |   | 74.4 |   |

| (1)   | Weighted-average shares of common stock outstanding are net of treasury stock and exclude nonvested restricted stock awards. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------|

| NOTE 4.  ACCOUNTS RECEIVABLE AND COSTS AND ACCRUED EARNINGS IN EXCESS OF BILLINGS ON CONTRACTS |
|----------------------------------------------------------------------------------------------------------|

|                                                             |   | July 4, |   |   | January 3, |   |
|------------------------------------------------------------------|--------|---------|--------|--------|------------|--------|
| (In millions)                                                    |   | 2014    |   |   | 2014       |   |
| Accounts receivable:                                             |   |    |   |   |       |   |
| U.S. federal government                                          |   | $       | 358    |   |       | $      | 353 |   |
| Others                                                           |   |    | 1,016  |   |       |   | 1,040 |   |
| Total accounts receivable                                        |   | $       | 1,374  |   |       | $      | 1,393 |   |
| Unbilled Accounts Receivable:                                    |   |    |   |   |       |   |   |   |
| U.S. federal government                                          |   | $       | 817    |   |       | $      | 856 |   |
| Others                                                           |   |    | 866    |   |       |   | 796 |   |
| Total                                                            |   |    | 1,683  |   |       |   | 1,652 |   |
| Less:  Amounts included in Other long-term assets |   |    | (146   | )      |       |   | (131 | ) |
| Unbilled Accounts Receivable                                     |   | $       | 1,537  |   |       | $      | 1,521 |   |

Note 13, “Commitments and Contingencies

----

| ·   | Joint ventures that must be consolidated either because they are not variable interest entities (“VIEs”) and we hold the majority voting interest, or because they are VIEs of which we are the primary beneficiary; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Joint ventures that do not need to be consolidated either because they are not VIEs and we do not hold a majority voting interest, or because they are VIEs of which we are not the primary beneficiary. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                               |   | July 4, |   |   | January 3, |   |
|--------------------------------------------------------------------|--------|---------|--------|--------|------------|--------|
| (In millions)                                                      |   | 2014    |   |   | 2014       |   |
| Cash and cash equivalents                                          |   | $       | 89     |   |       | $      | 89 |   |
| Net accounts receivable                                            |   |    | 215    |   |       |   | 200 |   |
| Other current assets                                               |   |    | 2      |   |       |   | 3 |   |
| Noncurrent assets                                                  |   |    | 148    |   |       |   | 143 |   |
| Total assets                                                       |   | $       | 454    |   |       | $      | 435 |   |
|                                                               |   |    |   |   |       |   |   |   |
| Accounts and subcontractors payable                                |   | $       | 108    |   |       | $      | 94 |   |
| Billings in excess of costs and accrued earnings on contracts |   |    | 5      |   |       |   | 15 |   |
| Accrued expenses and other                                         |   |    | 34     |   |       |   | 40 |   |
| Noncurrent liabilities                                             |   |    | 14     |   |       |   | 12 |   |
| Total liabilities                                                  |   |    | 161    |   |       |   | 161 |   |
|                                                               |   |    |   |   |       |   |   |   |
| Total URS equity                                                   |   |    | 148    |   |       |   | 128 |   |
| Noncontrolling interests                                           |   |    | 145    |   |       |   | 146 |   |
| Total owners’ equity                                         |   |    | 293    |   |       |   | 274 |   |
| Total liabilities and owners’ equity                         |   | $       | 454    |   |       | $      | 435 |   |

----

Condensed Consolidated Statements of Operations

|                                         |   | Unconsolidated |        |
|----------------------------------------------|--------|----------------|-------------|
| (In millions)                                |   | VIEs           |        |
| July 4, 2014                                 |   |           |        |   |
| Current assets                               |   | $              |  676   |   |
| Noncurrent assets                            |   | $              |  31    |   |
| Current liabilities                          |   | $              |  449   |   |
| Noncurrent liabilities                       |   | $              |  30    |   |
|                                         |   |           |        |   |
| January 3, 2014                              |   |           |        |   |
| Current assets                               |   | $              |  616   |   |
| Noncurrent assets                            |   | $              |  37    |   |
| Current liabilities                          |   | $              |  433   |   |
| Noncurrent liabilities                       |   | $              |  7     |   |
|                                         |   |           |        |   |
| Three months ended July 4, 2014 (1)          |   |           |        |   |
| Revenues                                     |   | $              |  522   |   |
| Cost of revenues                             |   | $              |  (469) |   |
| Income from continuing operations before tax |   | $              |  53    |   |
| Net income                                   |   | $              |  49    |   |
|                                         |   |           |        |   |
| Three months ended June 28, 2013 (1)         |   |           |        |   |
| Revenues                                     |   | $              |  566   |   |
| Cost of revenues                             |   | $              |  (507) |   |
| Income from continuing operations before tax |   | $              |  59    |   |
| Net income                                   |   | $              |  54    |   |
|                                         |   |           |        |   |
| Six months ended July 4, 2014 (1)            |   |           |        |   |
| Revenues                                     |   | $              |  1,046 |   |
| Cost of revenues                             |   | $              |  (941) |   |
| Income from continuing operations before tax |   | $              |  105   |   |
| Net income                                   |   | $              |  96    |   |
|                                         |   |           |        |   |
| Six months ended June 28, 2013 (1)           |   |           |        |   |
| Revenues                                     |   | $              |  1,112 |   |
| Cost of revenues                             |   | $              |  (994) |   |
| Income from continuing operations before tax |   | $              |  118   |   |
| Net income                                   |   | $              |  110   |   |

| (1)   | Income from unconsolidated U.S. joint ventures is generally not taxable in most tax jurisdictions in the U.S.  The tax expenses on our other unconsolidated joint ventures are primarily related to foreign taxes. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| NOTE 6.  GOODWILL |
|-----------------------------|

Interim Goodwill Impairment Review

| ·   | Revenue growth rates; |
|--------------------|-----------------------|

| ·   | Operating margins; |
|--------------------|--------------------|

| ·   | Capital expenditure needs; |
|--------------------|----------------------------|

| ·   | Working capital requirements; |
|--------------------|-------------------------------|

| ·   | Discount rates; and |
|--------------------|---------------------|

| ·   | Terminal value capitalization rate (“Capitalization Rate”) |
|--------------------|------------------------------------------------------------------------|

----

----

| (In millions)                                                |   | GoodwillBalance as ofJuly 4, 2014 |   |   | Reporting Unit Fair Value |   |   | Reporting Unit Carrying Value |   |   | Percent Above Carrying Value |   |
|--------------------------------------------------------------|--------|-----------------------------------|--------|--------|---------------------------|--------|--------|-------------------------------|--------|--------|------------------------------|--------|
|                                                         |   |                              |   |   |                      |   |   |                          |   |   |                         |   |
| Infrastructure & Environment Operating Segment      |   | $                                 | 749    |   |                      | $      | 1,824  |                          |   | $      | 1,460                        |   |   |   | 25 | % |
|                                                         |   |                              |   |   |                      |   |   |                          |   |   |                         |   |   |   |   |   |
| Within the Federal Services Operating Segment:          |   |                              |   |   |                      |   |   |                          |   |   |                         |   |   |   |   |   |
| Federal Services Group                                       |   |                              | 708    |   |                      |   | 1,001  |                          |   |   | 877                          |   |   |   | 14 | % |
| Global Management and Operations Services Group         |   |                              | 565    |   |                      |   | 1,076  |                          |   |   | 934                          |   |   |   | 15 | % |
| Federal Services Operating Segment                      |   |                              | 1,273  |   |                      |   | 2,077  |                          |   |   | 1,811                        |   |   |   | 15 | % |
|                                                         |   |                              |   |   |                      |   |   |                          |   |   |                         |   |   |   |   |   |
| Within the Energy & Construction Operating Segment: |   |                              |   |   |                      |   |   |                          |   |   |                         |   |   |   |   |   |
| Civil Construction & Mining Group                        |   |                              | 294    |   |                      |   | 375    |                          |   |   | 348                          |   |   |   | 8 | % |
| Industrial/Process Group                                     |   |                              | 248    |   |                      |   | 425    |                          |   |   | 393                          |   |   |   | 8 | % |
| Power Group                                                  |   |                              | 735    |   |                      |   | 888    |                          |   |   | 840                          |   |   |   | 6 | % |
| Total Energy & Construction Operating Segment       |   |                              | 1,277  |   |                      |   | 1,688  |                          |   |   | 1,581                        |   |   |   | 7 | % |
|                                                         |   |                              |   |   |                      |   |   |                          |   |   |                         |   |   |   |   |   |
| Oil & Gas Operating Segment                              |   |                              | 410    |   |                      |   | 1,293  |                          |   |   | 1,235                        |   |   |   | 5 | % |
|                                                         |   |                              |   |   |                      |   |   |                          |   |   |                         |   |   |   |   |   |
| Total                                                        |   | $                                 | 3,709  |   |                      | $      | 6,882  |                          |   | $      | 6,087                        |   |   |   | 13 | % |

| NOTE 7.  BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS |
|----------------------------------------------------------------------------------|

|                                                                      |   | July 4, |   |   | January 3, |   |
|---------------------------------------------------------------------------|--------|---------|--------|--------|------------|--------|
| (In millions)                                                             |   | 2014    |   |   | 2014       |   |
| Billings in excess of costs and accrued earnings on contracts        |   | $       | 182    |   |       | $      | 193 |   |
| Project-related legal liabilities and other project-related reserves |   |    | 37     |   |       |   | 35 |   |
| Estimated losses on uncompleted contracts                                 |   |    | 3      |   |       |   | 5 |   |
| Total                                                                     |   | $       | 222    |   |       | $      | 233 |   |

NOTE 8.  INDEBTEDNESS

|                                  |   | July 4, |   |   | January 3, |   |
|---------------------------------------|--------|---------|--------|--------|------------|--------|
| (In millions)                         |   | 2014    |   |   | 2014       |   |
| Term loan, net of debt issuance costs |   | $       | 602    |   |       | $      | 602 |   |
| 3.85% Senior Notes (net of discount)  |   |    | 400    |   |       |   | 400 |   |
| 5.00% Senior Notes (net of discount)  |   |    | 599    |   |       |   | 599 |   |
| Revolving line of credit              |   |    | 84     |   |       |   | — |   |
| Other indebtedness                    |   |    | 145    |   |       |   | 111 |   |
| Total indebtedness                    |   |    | 1,830  |   |       |   | 1,712 |   |
| Less:                                 |   |    |   |   |       |   |   |   |
| Current portion of long-term debt     |   |    | 51     |   |       |   | 45 |   |
| Long-term debt                        |   | $       | 1,779  |   |       | $      | 1,667 |   |

----

| (a)   | with respect to a Guarantor which, individually or together with the Parent’s other domestic subsidiaries, no longer has any indebtedness of borrowed money in excess of $100 million outstanding and no longer guarantees, individually or together with the Parent’s other domestic subsidiaries, any indebtedness in excess of $100 million incurred by the Parent or any of the Parent’s other 100% owned domestic subsidiaries; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | unless the Guarantor is the surviving entity (i) upon the sale, lease or exchange of all or substantially all of the Guarantor’s assets to any person or entity not an affiliate of the Parent or (ii) upon any sale, exchange or transfer, to any person or entity not an affiliate of the Parent, of all of the Parent’s direct and indirect interest in such Guarantor; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | upon the full and final payment and performance of all obligations under the indenture and the Senior Notes; |
|-----------------|--------------------------------------------------------------------------------------------------------------|

| (d)   | upon liquidation and dissolution of a Guarantor in a transaction that is not prohibited by the indenture; or |
|-----------------|--------------------------------------------------------------------------------------------------------------|

| (e)   | upon legal defeasance, covenant defeasance or satisfaction and discharge of the indenture. |
|-----------------|--------------------------------------------------------------------------------------------|

----

| NOTE 9.  INCOME TAXES |
|---------------------------------|

----

| NOTE 10.  EMPLOYEE RETIREMENT PLANS |
|-----------------------------------------------|

|                           | Three Months Ended |   |
|--------------------------------|--------------------|--------|
|                           | Domestic Plans     |   | Foreign Plans |   |
|                           | July 4,            |   | June 28, |   | July 4, |   | June 28, |   |
| (In millions)                  | 2014               |   | 2013 |   | 2014 |   | 2013 |   |
| Service cost                   |               | $      | 2 |   |   | $ | 2 |   |   | $ | — |   |   | $ | — |   |
| Interest cost                  |               |   | 5 |   |   |   | 5 |   |   |   | 7 |   |   |   | 6 |   |
| Expected return on plan assets |               |   | (5 | ) |   |   | (5 | ) |   |   | (7 | ) |   |   | (6 | ) |
| Amortization of:               |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                       |               |   | 2 |   |   |   | 4 |   |   |   | — |   |   |   | — |   |
| Net periodic pension costs     |               | $      | 4 |   |   | $ | 6 |   |   | $ | — |   |   | $ | — |   |
|                           |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                           | Six Months Ended |   |
|--------------------------------|------------------|--------|
|                           | Domestic Plans   |   | Foreign Plans |   |
|                           | July 4,          |   | June 28, |   | July 4, |   | June 28, |   |
| (In millions)                  | 2014             |   | 2013 |   | 2014 |   | 2013 |   |
| Service cost                   |             | $      | 4 |   |   | $ | 4 |   |   | $ | — |   |   | $ | — |   |
| Interest cost                  |             |   | 10 |   |   |   | 9 |   |   |   | 13 |   |   |   | 11 |   |
| Expected return on plan assets |             |   | (11 | ) |   |   | (10 | ) |   |   | (13 | ) |   |   | (11 | ) |
| Amortization of:               |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                       |             |   | 4 |   |   |   | 8 |   |   |   | — |   |   |   | — |   |
| Net periodic pension costs     |             | $      | 7 |   |   | $ | 11 |   |   | $ | — |   |   | $ | — |   |

| NOTE 11.  STOCKHOLDERS' EQUITY |
|------------------------------------------|

Dividend Program

| Declaration Date                     |   | DividendPer Share |   | RecordDate |               | TotalMaximumPayment |   | PaymentDate |
|--------------------------------------|--------|-------------------|--------|------------|--------------------|---------------------|--------|-------------|
| (In millions, except per share data) |   |              |   |       |               |                |   |        |   |   |
| February 28, 2014                    |   | $                 | 0.22   |       | March 21, 2014     |                | $      | 16          |   | April 11, 2014 |
| May 9, 2014                          |   | $                 | 0.22   |       | June 20, 2014      |                | $      | 16          |   | July 11, 2014 |
| August 8, 2014                       |   | $                 | 0.22   |       | September 19, 2014 |                |   | NA          |   | October 10, 2014 |

----

|                         | Six Months Ended |   |
|------------------------------|------------------|--------|
|                         | July 4, 2014     |   |
|                         |             |   | Weighted- |   |
|                         | Shares           |   | Average Grant |   |
|                         | (in millions)    |   | Date Fair Value |   |
| Nonvested at January 3, 2014 |  2.8        |   | $ | 43.66 |   |
| Granted                      |  1.4        |   | $ | 46.94 |   |
| Vested                       |  (0.5)      |   | $ | 45.81 |   |
| Forfeited                    |  (0.7)      |   | $ | 43.14 |   |
| Nonvested at July 4, 2014    |  3.0        |   | $ | 45.62 |   |

|                                               | Three Months Ended |   | Six Months Ended |   |
|----------------------------------------------------|--------------------|--------|------------------|--------|
|                                               | July 4,            |   | June 28,         |   | July 4, |   | June 28, |   |
| (In millions, except average price paid per share) | 2014               |   | 2013             |   | 2014 |   | 2013 |   |
|                                               |               |   |             |   |   |   |   |   |   |   |   |   |
| Common stock repurchase shares                     |               |   | —          |   |   |   | 1.0 |   |   |   | 5.7 |   |   |   | 2.0 |   |
| Average price paid per share                       |               | $      | —          |   |   | $ | 48.26 |   |   | $ | 46.45 |   |   | $ | 45.55 |   |
| Cost of common stock repurchased                   |               | $      | —          |   |   | $ | 48 |   |   | $ | 266 |   |   | $ | 93 |   |

----

| NOTE 12.  SEGMENT AND RELATED INFORMATION |
|-----------------------------------------------------|

| ·   | Our Infrastructure & EnvironmentDivision provides program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to the U.S. federal government, state and local government agencies, and private sector clients in the U.S. and internationally. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our Federal ServicesDivision provides services to a wide variety of U.S. federal government agencies, as well as to national governments in other countries.  This includes program management, planning, design, engineering, systems engineering and technical assistance, construction and construction management, operations and maintenance, management and operations, IT, and decommissioning and closure services. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our Energy & Construction Division provides program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to private sector clients as well as federal, state, and local government agencies. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our Oil & Gas Division provides services to oil and gas industry clients throughout the U.S. and Canada.  This includes oilfield services, such as rig transportation and fluid hauling; oil and gas production services, including mechanical, electrical and instrumentation services; pipeline and facility construction; engineering; and maintenance services. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                    |   | Three Months Ended |    |   | Six Months Ended |   |
|---------------------------------------------------------|--------|--------------------|---------|--------|------------------|--------|
|                                                    |   | July 4,            |    |   | June 28,         |   |   | July 4, |   |   | June 28, |   |
| (In millions)                                           |   | 2014               |    |   | 2013             |   |   | 2014 |   |   | 2013 |   |
| Revenues                                                |   |               |    |   |             |   |   |   |   |   |   |   |
| Infrastructure & Environment                        |   | $                  | 824     |   |             | $      | 947 |   |   | $ | 1,674 |   |   | $ | 1,845 |   |
| Federal Services                                        |   |               | 728     |   |             |   | 790 |   |   |   | 1,377 |   |   |   | 1,697 |   |
| Energy & Construction                               |   |               | 562     |   |             |   | 641 |   |   |   | 1,106 |   |   |   | 1,179 |   |
| Oil & Gas                                           |   |               | 463     |   |             |   | 459 |   |   |   | 977 |   |   |   | 967 |   |
| Inter-segment, eliminations and other                   |   |               | (22     | )      |             |   | (45 | ) |   |   | (42 | ) |   |   | (93 | ) |
| Total revenues                                          |   | $                  | 2,555   |   |             | $      | 2,792 |   |   | $ | 5,092 |   |   | $ | 5,595 |   |
| Equity in income of unconsolidated joint ventures       |   |               |    |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment                        |   | $                  | — |   |             | $      | — |   |   | $ | 1 |   |   | $ | 1 |   |
| Federal Services                                        |   |               | 16      |   |             |   | 15 |   |   |   | 35 |   |   |   | 36 |   |
| Energy & Construction                               |   |               | 1       |   |             |   | 2 |   |   |   | 2 |   |   |   | 4 |   |
| Oil & Gas                                           |   |               | — |   |             |   | 1 |   |   |   | (2 | ) |   |   | 1 |   |
| Total equity in income of unconsolidated joint ventures |   | $                  | 17      |   |             | $      | 18 |   |   | $ | 36 |   |   | $ | 42 |   |
| URS operating income (1)                                |   |               |    |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment                        |   | $                  | 52      |   |             | $      | 60 |   |   | $ | 87 |   |   | $ | 99 |   |
| Federal Services                                        |   |               | 79      |   |             |   | 76 |   |   |   | 126 |   |   |   | 180 |   |
| Energy & Construction                               |   |               | 12      |   |             |   | 19 |   |   |   | 16 |   |   |   | 27 |   |
| Oil & Gas                                           |   |               | 2       |   |             |   | (2 | ) |   |   | 13 |   |   |   | 8 |   |
| Corporate (2)                                      |   |               | (27     | )      |             |   | (23 | ) |   |   | (49 | ) |   |   | (46 | ) |
| Total URS operating income                              |   | $                  | 118     |   |             | $      | 130 |   |   | $ | 193 |   |   | $ | 268 |   |
| Operating income                                        |   |               |    |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment                        |   | $                  | 52      |   |             | $      | 60 |   |   | $ | 87 |   |   | $ | 100 |   |
| Federal Services                                        |   |               | 95      |   |             |   | 89 |   |   |   | 152 |   |   |   | 204 |   |
| Energy & Construction                               |   |               | 16      |   |             |   | 21 |   |   |   | 22 |   |   |   | 33 |   |
| Oil & Gas                                           |   |               | 2       |   |             |   | (2 | ) |   |   | 13 |   |   |   | 7 |   |
| Corporate (2)                                      |   |               | (27     | )      |             |   | (23 | ) |   |   | (49 | ) |   |   | (46 | ) |
| Total operating income                                  |   | $                  | 138     |   |             | $      | 145 |   |   | $ | 225 |   |   | $ | 298 |   |
| Depreciation and amortization                           |   |               |    |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment                        |   | $                  | 13      |   |             | $      | 12 |   |   | $ | 25 |   |   | $ | 25 |   |
| Federal Services                                        |   |               | 11      |   |             |   | 11 |   |   |   | 22 |   |   |   | 22 |   |
| Energy & Construction                               |   |               | 10      |   |             |   | 11 |   |   |   | 19 |   |   |   | 22 |   |
| Oil & Gas                                           |   |               | 23      |   |             |   | 30 |   |   |   | 49 |   |   |   | 61 |   |
| Corporate                                               |   |               | 3       |   |             |   | 2 |   |   |   | 5 |   |   |   | 4 |   |
| Total depreciation and amortization                     |   | $                  | 60      |   |             | $      | 66 |   |   | $ | 120 |   |   | $ | 134 |   |

| (1)   | We are providing information regarding URS operating income (loss) by segment because management uses this information to assess performance and make decisions about resource allocation.  URS operating income is defined as segment operating income after reductions for pre-tax noncontrolling interests. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Corporate includes expenses related to corporate functions and acquisition-related expenses. |
|-----------------|----------------------------------------------------------------------------------------------|

----

|                        | Three Months Ended July 4, 2014 |   |
|-----------------------------|---------------------------------|--------|
|                        | Infrastructure                  |   |   |   |   | Energy |   | Oil |   |   |   |   |   |   |   |
|                        | &                           |   | Federal |   | & |   | & |   |   |   |   |   |   |   |
| (In millions)               | Environment                     |   | Services |   | Construction |   | Gas |   | Corporate |   | Consolidated |   |
| URS operating income (loss) |                            | $      | 52 |   |   | $ | 79 |   |   | $ | 12 |   |   | $ | 2 |   |   | $ | (27 | ) |   | $ | 118 |   |
| Noncontrolling interests    |                            |   | — |   |   |   | 16 |   |   |   | 4 |   |   |   | — |   |   |   | — |   |   |   | 20 |   |
| Operating income (loss)     |                            | $      | 52 |   |   | $ | 95 |   |   | $ | 16 |   |   | $ | 2 |   |   | $ | (27 | ) |   | $ | 138 |   |
|                        |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                        | Three Months Ended June 28, 2013 |   |
|-----------------------------|----------------------------------|--------|
|                        | Infrastructure                   |   |   |   |   | Energy |   | Oil |   |   |   |   |   |   |   |
|                        | &                            |   | Federal |   | & |   | & |   |   |   |   |   |   |   |
| (In millions)               | Environment                      |   | Services |   | Construction |   | Gas |   | Corporate |   | Consolidated |   |
| URS operating income (loss) |                             | $      | 60 |   |   | $ | 76 |   |   | $ | 19 |   |   | $ | (2 | ) |   | $ | (23 | ) |   | $ | 130 |   |
| Noncontrolling interests    |                             |   | — |   |   |   | 13 |   |   |   | 2 |   |   |   | — |   |   |   | — |   |   |   | 15 |   |
| Operating income (loss)     |                             | $      | 60 |   |   | $ | 89 |   |   | $ | 21 |   |   | $ | (2 | ) |   | $ | (23 | ) |   | $ | 145 |   |
|                        |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                             |                          |   |     |   |         |   |   |   |      |   |         |   |   |   |    |   |   |   |
|----------------------------------|-------------------------------|--------|----------|--------|--------------|--------|--------|--------|-----------|--------|--------------|--------|--------|--------|---------|--------|--------|--------|
|                             | Six Months Ended July 4, 2014 |   |
|                             | Infrastructure                |   |     |   |         | Energy |   | Oil    |      |   |         |   |   |   |    |
|                             | &                         |   | Federal  |   | &        |   | &  |   |      |   |         |   |   |   |
| (In millions)                    | Environment                   |   | Services |   | Construction |   | Gas    |   | Corporate |   | Consolidated |   |
| URS operating income (loss) |                          | $      | 87       |   |         | $      | 126    |   |      | $      | 16           |   |   | $      | 13      |   |   | $      | (49 | ) |   | $ | 193 |   |
| Noncontrolling interests         |                          |   | —  |   |         |   | 26     |   |      |   | 6            |   |   |   | — |   |   |   | — |   |   |   | 32 |   |
| Operating income (loss)     |                          | $      | 87       |   |         | $      | 152    |   |      | $      | 22           |   |   | $      | 13      |   |   | $      | (49 | ) |   | $ | 225 |   |
|                             |                          |   |     |   |         |   |   |   |      |   |         |   |   |   |    |   |   |   |   |   |   |   |   |   |

|                             |                           |   |     |   |         |   |   |   |      |   |         |   |   |   |   |   |   |   |    |   |   |   |   |   |
|----------------------------------|--------------------------------|--------|----------|--------|--------------|--------|--------|--------|-----------|--------|--------------|--------|--------|--------|--------|--------|--------|--------|---------|--------|--------|--------|--------|--------|
|                             | Six Months Ended June 28, 2013 |   |
|                             | Infrastructure                 |   |     |   |         |   | Energy |   | Oil       |   |         |   |   |   |   |   |   |   |
|                             | &                          |   | Federal  |   | &        |   | &  |   |      |   |         |   |   |   |   |   |
| (In millions)                    | Environment                    |   | Services |   | Construction |   | Gas    |   | Corporate |   | Consolidated |   |
| URS operating income (loss) |                           | $      | 99       |   |         | $      | 180    |   |      | $      | 27           |   |   | $      | 8      |   |   | $      | (46     | )      |   | $      | 268    |   |
| Noncontrolling interests         |                           |   | 1        |   |         |   | 24     |   |      |   | 6            |   |   |   | (1     | )      |   |   | — |   |   |   | 30     |   |
| Operating income (loss)     |                           | $      | 100      |   |         | $      | 204    |   |      | $      | 33           |   |   | $      | 7      |   |   | $      | (46     | )      |   | $      | 298    |   |

----

|                                                                    |   | July 4, |   |   | January 3, |   |
|-------------------------------------------------------------------------|--------|---------|--------|--------|------------|--------|
| (In millions)                                                           |   | 2014    |   |   | 2014       |   |
| Infrastructure & Environment                                        |   | $       | 7      |   |       | $      | 8 |   |
| Federal Services                                                        |   |    | 98     |   |       |   | 95 |   |
| Energy & Construction                                               |   |    | 20     |   |       |   | 21 |   |
| Oil & Gas                                                           |   |    | 119    |   |       |   | 121 |   |
| Total investments in and advances to unconsolidated joint ventures |   | $       | 244    |   |       | $      | 245 |   |
|                                                                    |   |    |   |   |       |   |   |   |
| Infrastructure & Environment                                        |   | $       | 149    |   |       | $      | 136 |   |
| Federal Services                                                        |   |    | 38     |   |       |   | 39 |   |
| Energy & Construction                                               |   |    | 48     |   |       |   | 53 |   |
| Oil & Gas                                                           |   |    | 328    |   |       |   | 351 |   |
| Corporate                                                               |   |    | 29     |   |       |   | 29 |   |
| Total property and equipment, net of accumulated depreciation      |   | $       | 592    |   |       | $      | 608 |   |

|                             |   | July 4, |   |   | January 3, |   |
|----------------------------------|--------|---------|--------|--------|------------|--------|
| (In millions)                    |   | 2014    |   |   | 2014       |   |
|                             |   |    |   |   |       |   |
| Infrastructure & Environment |   | $       | 2,180  |   |       | $      | 2,119 |   |
| Federal Services                 |   |    | 2,684  |   |       |   | 2,728 |   |
| Energy & Construction        |   |    | 2,146  |   |       |   | 2,118 |   |
| Oil & Gas                    |   |    | 1,479  |   |       |   | 1,496 |   |
| Corporate                        |   |    | 166    |   |       |   | 257 |   |
| Total assets                     |   | $       | 8,655  |   |       | $      | 8,718 |   |

----

|                                                                                      |   | Three Months Ended |    |   | Six Months Ended |   |
|-------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|------------------|--------|
|                                                                                      |   | July 4,            |    |   | June 28,         |   |   | July 4, |   |   | June 28, |   |
| (In millions, except percentages)                                                         |   | 2014               |    |   | 2013             |   |   | 2014 |   |   | 2013 |   |
| The U.S. Army (1)                                                                         |   |               |    |   |             |   |   |   |   |   |   |   |
| Infrastructure & Environment                                                          |   | $                  | 34      |   |             | $      | 32 |   |   | $ | 67 |   |   | $ | 65 |   |
| Federal Services                                                                          |   |               | 203     |   |             |   | 254 |   |   |   | 378 |   |   |   | 643 |   |
| Energy & Construction                                                                 |   |               | 58      |   |             |   | 28 |   |   |   | 96 |   |   |   | 52 |   |
| Total U.S. Army                                                                           |   | $                  | 295     |   |             | $      | 314 |   |   | $ | 541 |   |   | $ | 760 |   |
| Revenues from the U.S. Army as a percentage of our consolidated revenues             |   |               | 12      | %      |             |   | 11 | % |   |   | 11 | % |   |   | 14 | % |
|                                                                                      |   |               |    |   |             |   |   |   |   |   |   |   |   |   |   |   |
| DOE                                                                                       |   |               |    |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment                                                          |   | $                  | — |   |             | $      | 1 |   |   | $ | 1 |   |   | $ | 2 |   |
| Federal Services                                                                          |   |               | 225     |   |             |   | 212 |   |   |   | 410 |   |   |   | 422 |   |
| Energy & Construction                                                                 |   |               | — |   |             |   | — |   |   |   | 1 |   |   |   | — |   |
| Total DOE                                                                                 |   | $                  | 225     |   |             | $      | 213 |   |   | $ | 412 |   |   | $ | 424 |   |
| Revenues from DOE as a percentage of our consolidated revenues                            |   |               | 9       | %      |             |   | 8 | % |   |   | 8 | % |   |   | 8 | % |
|                                                                                      |   |               |    |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Revenues from the federal market sector as a percentage of our consolidated revenues |   |               | 32      | %      |             |   | 34 | % |   |   | 31 | % |   |   | 36 | % |

| (1)   | The U.S. Army includes U.S. Army Corps of Engineers. |
|-----------------|------------------------------------------------------|

----

| ·   | USAID Egyptian Projects:  In March 2003, Washington Group International, Inc., a Delaware company (“WGI Delaware”), our wholly owned subsidiary, was notified by the Department of Justice that the federal government was considering civil litigation against WGI Delaware for potential violations of the U.S. Agency for International Development (“USAID”) source, origin, and nationality regulations in connection with five of WGI Delaware’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 United States District Court for the District of Idaho against WGI Delaware, Contrack International, Inc., and MISR Sons Development S.A.E., an Egyptian construction company, asserting violations under the Federal False Claims Act, the Federal Foreign Assistance Act of 1961, as well as common law theories of payment by mistake and unjust enrichment.  The federal government seeks damages and civil penalties (including doubling and trebling of damages) for violations of the statutes as well as a refund of the approximately $373 million paid to WGI Delaware under the specified contracts.  WGI Delaware has denied any liability in the action and contests the federal government’s damage allegations and its entitlement to recovery.  All USAID projects under the contracts have been completed and are fully operational. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | 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.  Fifty-nine personal injury and property damage class action lawsuits were filed in Louisiana State and federal court against several defendants, including WGI Ohio, seeking $200 billion in damages plus attorneys’ fees and costs.  Plaintiffs are residents and property owners who claim to have incurred damages from the breach and failure of the hurricane protection levees and floodwalls in the wake of Hurricane Katrina. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | DOE Deactivation, Demolition, and Removal Project:  WGI Ohio executed a cost-reimbursable task order with the DOE in 2007 to provide deactivation, demolition and removal services at a New York State project site that, during 2010, experienced contamination and performance issues.  In February 2011, WGI Ohio and the DOE executed a Task Order Modification that changed some cost-reimbursable contract provisions to at-risk.  The Task Order Modification, including subsequent amendments, requires the DOE to pay all project costs up to $106 million, requires WGI Ohio and the DOE to equally share in all project costs incurred from $106 million to $146 million, and requires WGI Ohio to pay all project costs exceeding $146 million.  In addition, in September 2011, WGI Ohio voluntarily paid a civil penalty related to the contamination incident.  Through July 4, 2014, WGI Ohio has incurred total project costs of $280 million. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Bolivian Mine Services Agreement:  In 2009, a mine service agreement performed by our wholly owned subsidiary, Washington Group Bolivia, was unilaterally terminated for convenience by the mine owner.  The mine owner disputed the fair market value of mining equipment it was required to repurchase under the terms of the mine services agreement.  Subsequently, on November 16, 2010, Washington Group Bolivia received a formal claim asserting breaches of contractual obligations and warranties, including the failure to adhere to the requisite professional standard of care while performing the mine services agreement.  On June 17, 2011, Washington Group Bolivia received a formal demand for arbitration pursuant to the Rules of Arbitration of the International Chamber of Commerce (“ICC”) asserting claims up to $53 million.  Washington Group Bolivia brought a $50 million counterclaim on August 3, 2012 against the mine owner asserting claims of wrongful termination and lost productivity.  Arbitration on the mine owner’s claims and Washington Group Bolivia’s counterclaims commenced before the ICC.  In the course of the arbitration proceedings, the mine owner reduced its claims to approximately $32 million, while Washington Group Bolivia refined its counterclaim amount to not more than $63 million.  On August 9, 2013, an $11 million ICC arbitration tribunal award was issued against Washington Group Bolivia and, on September 5, 2013, the mine owner petitioned the United States District Court of Colorado to confirm the ICC arbitration award.  On October 1, 2013, Washington Group Bolivia filed a cross motion to partially vacate the ICC arbitration award in the District Court of Colorado.  On February 3, 2014, the District Court of Colorado entered judgment confirming the ICC arbitration award and denied Washington Group Bolivia’s motion to partially vacate the award.  Washington Group Bolivia has paid the award, and a satisfaction of judgment was filed by the mine owner with the Court on February 25, 2014. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Canadian Pipeline Contract:  In January 2010, a pipeline owner filed an action in the Court of Queen’s Bench of Alberta, Canada against Flint Energy Services Ltd. (“Flint”), a company we acquired in May 2012, as well as against a number of other defendants, alleging that the defendants negligently provided pipe coating and insulation system services, engineering, design services, construction services, and other work, causing damage to and abandonment of the line.  The pipeline owner alleges it has suffered approximately C$85 million in damages in connection with the abandonment and replacement of the pipeline.  Flint was the construction contractor on the pipeline project.  Other defendants were responsible for engineering and design-services and for specifying and providing the actual pipe, insulation and coating materials used in the line.  In January 2011, the pipeline owner served a Statement of Claim on Flint and, in September 2011, Flint filed a Statement of Defense denying that the damages to the coating system of the pipeline were caused by any negligence or breach of contract of Flint.  Flint believes the damages were caused or contributed to by the negligence of one or more of the co-defendants and/or by the negligent operation of the pipeline owner. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | AECOM Merger Class-action Lawsuits:  In connection with the AECOM Merger, beginning on July 21, 2014, multiple putative class action lawsuits were filed in the Court of Chancery of the State of Delaware by purported URS stockholders against URS Corporation:  Falato v. URS Corp., et al., City of Atlanta Firefighters’ Pension Fund v. Creel, et al., Petroutson v. URS Corp., et al., Miller v. URS Corp., et al., Oklahoma Police Pension & Retirement System v. Creel, et al., Cambridge Retirement System v. Creel, et al. and Sheet Metal Workers Local No. 33 Cleveland District Pension Plan v. URS Corp., et al.  The actions named as defendants URS Corporation, the members of the URS Board of Directors, AECOM Technology and its affiliates.  A number of the actions also named as a defendant JANA Partners LLC.  The complaints allege, among other things, that some or all members of the URS Board of Directors breached their fiduciary duties by approving the Merger, and that the other defendants aided and abetted those alleged breaches.  The complaints seek, among other relief, class certification, preliminary and permanent. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| NOTE 14.  CONDENSED CONSOLIDATING FINANCIAL INFORMATION |
|-------------------------------------------------------------------|

Note 8, “Indebtedness

----

|                                                                               |   | CONDENSED CONSOLIDATING BALANCE SHEET – UNAUDITED |    |
|------------------------------------------------------------------------------------|--------|---------------------------------------------------------|---------|
|                                                                               |   | As of July 4, 2014                                      |    |
| (in millions)                                                                      |   | IssuerParent                                            |    |   | IssuerFox LP |   |   | Guarantors |   |   | Non-Guarantors |   |   | Eliminations |   |   | Consolidated |   |
| ASSETS                                                                             |   |                                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current assets:                                                                    |   |                                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                                                          |   | $                                                       | 54      |   |   | $ | — |   |   | $ | 25 |   |   | $ | 247 |   |   | $ | (43 | ) |   | $ | 283 |   |
| Accounts receivable, including retentions                                          |   |                                                    | — |   |   |   | — |   |   |   | 761 |   |   |   | 624 |   |   |   | (11 | ) |   |   | 1,374 |   |
| Costs and accrued earnings in excess of billings on contracts                 |   |                                                    | — |   |   |   | — |   |   |   | 966 |   |   |   | 575 |   |   |   | (4 | ) |   |   | 1,537 |   |
| Less receivable allowances                                                         |   |                                                    | — |   |   |   | — |   |   |   | (23 | ) |   |   | (36 | ) |   |   | — |   |   |   | (59 | ) |
| Net accounts receivable                                                            |   |                                                    | — |   |   |   | — |   |   |   | 1,704 |   |   |   | 1,163 |   |   |   | (15 | ) |   |   | 2,852 |   |
| Intercompany accounts receivable                                                   |   |                                                    | 489     |   |   |   | 25 |   |   |   | 2,235 |   |   |   | 430 |   |   |   | (3,179 | ) |   |   | — |   |
| Other current assets                                                               |   |                                                    | 14      |   |   |   | — |   |   |   | 122 |   |   |   | 117 |   |   |   | (22 | ) |   |   | 231 |   |
| Total current assets                                                               |   |                                                    | 557     |   |   |   | 25 |   |   |   | 4,086 |   |   |   | 1,957 |   |   |   | (3,259 | ) |   |   | 3,366 |   |
| Investments in and advances to subsidiaries and unconsolidated joint ventures |   |                                                    | 5,454   |   |   |   | 67 |   |   |   | 1,520 |   |   |   | 178 |   |   |   | (6,975 | ) |   |   | 244 |   |
| Property and equipment, net                                                        |   |                                                    | 28      |   |   |   | — |   |   |   | 179 |   |   |   | 385 |   |   |   | — |   |   |   | 592 |   |
| Intangible assets, net                                                             |   |                                                    | — |   |   |   | — |   |   |   | 207 |   |   |   | 316 |   |   |   | — |   |   |   | 523 |   |
| Goodwill                                                                           |   |                                                    | — |   |   |   | — |   |   |   | 2,230 |   |   |   | 1,479 |   |   |   | — |   |   |   | 3,709 |   |
| Other long-term assets                                                             |   |                                                    | 18      |   |   |   | — |   |   |   | 109 |   |   |   | 97 |   |   |   | (3 | ) |   |   | 221 |   |
| Total assets                                                                       |   | $                                                       | 6,057   |   |   | $ | 92 |   |   | $ | 8,331 |   |   | $ | 4,412 |   |   | $ | (10,237 | ) |   | $ | 8,655 |   |
| LIABILITIES AND EQUITY                                                             |   |                                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current liabilities:                                                               |   |                                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current portion of long-term debt                                                  |   | $                                                       | 2       |   |   | $ | — |   |   | $ | 23 |   |   | $ | 26 |   |   | $ | — |   |   | $ | 51 |   |
| Accounts payable and subcontractors payable, including retentions             |   |                                                    | 11      |   |   |   | — |   |   |   | 410 |   |   |   | 332 |   |   |   | (61 | ) |   |   | 692 |   |
| Accrued salaries and employee benefits                                             |   |                                                    | 38      |   |   |   | — |   |   |   | 350 |   |   |   | 135 |   |   |   | — |   |   |   | 523 |   |
| Billings in excess of costs and accrued earnings on contracts                 |   |                                                    | — |   |   |   | — |   |   |   | 120 |   |   |   | 102 |   |   |   | — |   |   |   | 222 |   |
| Intercompany accounts payable                                                      |   |                                                    | 1,726   |   |   |   | — |   |   |   | 1,125 |   |   |   | 328 |   |   |   | (3,179 | ) |   |   | — |   |
| Short-term intercompany notes payable                                              |   |                                                    | 66      |   |   |   | — |   |   |   | 21 |   |   |   | 230 |   |   |   | (317 | ) |   |   | — |   |
| Other current liabilities                                                          |   |                                                    | 32      |   |   |   | 9 |   |   |   | 276 |   |   |   | 29 |   |   |   | (19 | ) |   |   | 327 |   |
| Total current liabilities                                                          |   |                                                    | 1,875   |   |   |   | 9 |   |   |   | 2,325 |   |   |   | 1,182 |   |   |   | (3,576 | ) |   |   | 1,815 |   |
| Long-term debt                                                                     |   |                                                    | 1,007   |   |   |   | 600 |   |   |   | 47 |   |   |   | 125 |   |   |   | — |   |   |   | 1,779 |   |
| Deferred tax liabilities                                                           |   |                                                    | — |   |   |   | — |   |   |   | 357 |   |   |   | 74 |   |   |   | (3 | ) |   |   | 428 |   |
| Self-insurance reserves                                                            |   |                                                    | — |   |   |   | — |   |   |   | 11 |   |   |   | 117 |   |   |   | — |   |   |   | 128 |   |
| Pension and post-retirement benefit obligations                               |   |                                                    | — |   |   |   | — |   |   |   | 117 |   |   |   | 164 |   |   |   | — |   |   |   | 281 |   |
| Long-term intercompany notes payable                                               |   |                                                    | — |   |   |   | — |   |   |   | 568 |   |   |   | 1,166 |   |   |   | (1,734 | ) |   |   | — |   |
| Other long-term liabilities                                                        |   |                                                    | 4       |   |   |   | — |   |   |   | 102 |   |   |   | 30 |   |   |   | — |   |   |   | 136 |   |
| Total liabilities                                                                  |   |                                                    | 2,886   |   |   |   | 609 |   |   |   | 3,527 |   |   |   | 2,858 |   |   |   | (5,313 | ) |   |   | 4,567 |   |
| URS stockholders' equity                                                           |   |                                                    | 3,943   |   |   |   | 24 |   |   |   | 5,454 |   |   |   | 1,497 |   |   |   | (6,975 | ) |   |   | 3,943 |   |
| Intercompany notes receivable                                                      |   |                                                    | (772    | ) |   |   | (541 | ) |   |   | (650 | ) |   |   | (88 | ) |   |   | 2,051 |   |   |   | — |   |
| Total URS stockholders' equity                                                     |   |                                                    | 3,171   |   |   |   | (517 | ) |   |   | 4,804 |   |   |   | 1,409 |   |   |   | (4,924 | ) |   |   | 3,943 |   |
| Noncontrolling interests                                                           |   |                                                    | — |   |   |   | — |   |   |   | — |   |   |   | 145 |   |   |   | — |   |   |   | 145 |   |
| Total stockholders' equity                                                         |   |                                                    | 3,171   |   |   |   | (517 | ) |   |   | 4,804 |   |   |   | 1,554 |   |   |   | (4,924 | ) |   |   | 4,088 |   |
| Total liabilities and stockholders' equity                                    |   | $                                                       | 6,057   |   |   | $ | 92 |   |   | $ | 8,331 |   |   | $ | 4,412 |   |   | $ | (10,237 | ) |   | $ | 8,655 |   |

----

|                                                                               |   | CONDENSED CONSOLIDATING BALANCE SHEET - UNAUDITED |    |
|------------------------------------------------------------------------------------|--------|---------------------------------------------------|---------|
|                                                                               |   | As of January 3, 2014                             |    |
| (in millions)                                                                      |   | IssuerParent                                      |    |   | IssuerFox LP |   |   | Guarantors |   |   | Non-Guarantors |   |   | Eliminations |   |   | Consolidated |   |
| ASSETS                                                                             |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current assets:                                                                    |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                                                          |   | $                                                 | 107     |   |   | $ | — |   |   | $ | 20 |   |   | $ | 205 |   |   | $ | (48 | ) |   | $ | 284 |   |
| Accounts receivable, including retentions                                          |   |                                              | — |   |   |   | — |   |   |   | 815 |   |   |   | 590 |   |   |   | (12 | ) |   |   | 1,393 |   |
| Costs and accrued earnings in excess of billings on contracts                 |   |                                              | — |   |   |   | — |   |   |   | 980 |   |   |   | 547 |   |   |   | (6 | ) |   |   | 1,521 |   |
| Less receivable allowances                                                         |   |                                              | — |   |   |   | — |   |   |   | (30 | ) |   |   | (35 | ) |   |   | — |   |   |   | (65 | ) |
| Net accounts receivable                                                            |   |                                              | — |   |   |   | — |   |   |   | 1,765 |   |   |   | 1,102 |   |   |   | (18 | ) |   |   | 2,849 |   |
| Intercompany accounts receivable                                                   |   |                                              | 440     |   |   |   | 19 |   |   |   | 2,439 |   |   |   | 422 |   |   |   | (3,320 | ) |   |   | — |   |
| Other current assets                                                               |   |                                              | 42      |   |   |   | — |   |   |   | 108 |   |   |   | 118 |   |   |   | (10 | ) |   |   | 258 |   |
| Total current assets                                                               |   |                                              | 589     |   |   |   | 19 |   |   |   | 4,332 |   |   |   | 1,847 |   |   |   | (3,396 | ) |   |   | 3,391 |   |
| Investments in and advances to subsidiaries and unconsolidated joint ventures |   |                                              | 5,731   |   |   |   | 52 |   |   |   | 1,488 |   |   |   | 192 |   |   |   | (7,218 | ) |   |   | 245 |   |
| Property and equipment at cost, net                                                |   |                                              | 29      |   |   |   | — |   |   |   | 166 |   |   |   | 413 |   |   |   | — |   |   |   | 608 |   |
| Intangible assets, net                                                             |   |                                              | — |   |   |   | — |   |   |   | 229 |   |   |   | 341 |   |   |   | — |   |   |   | 570 |   |
| Goodwill                                                                           |   |                                              | — |   |   |   | — |   |   |   | 2,230 |   |   |   | 1,466 |   |   |   | — |   |   |   | 3,696 |   |
| Other long-term assets                                                             |   |                                              | 19      |   |   |   | — |   |   |   | 106 |   |   |   | 87 |   |   |   | (4 | ) |   |   | 208 |   |
| Total assets                                                                       |   | $                                                 | 6,368   |   |   | $ | 71 |   |   | $ | 8,551 |   |   | $ | 4,346 |   |   | $ | (10,618 | ) |   | $ | 8,718 |   |
| LIABILITIES AND EQUITY                                                             |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current liabilities:                                                               |   |                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current portion of long-term debt                                                  |   | $                                                 | 2       |   |   | $ | — |   |   | $ | 16 |   |   | $ | 27 |   |   | $ | — |   |   | $ | 45 |   |
| Accounts payable and subcontractors payable, including retentions             |   |                                              | 3       |   |   |   | — |   |   |   | 421 |   |   |   | 331 |   |   |   | (67 | ) |   |   | 688 |   |
| Accrued salaries and employee benefits                                             |   |                                              | 34      |   |   |   | — |   |   |   | 345 |   |   |   | 128 |   |   |   | — |   |   |   | 507 |   |
| Billings in excess of costs and accrued earnings on contracts                 |   |                                              | — |   |   |   | — |   |   |   | 126 |   |   |   | 107 |   |   |   | — |   |   |   | 233 |   |
| Intercompany accounts payable                                                      |   |                                              | 1,952   |   |   |   | — |   |   |   | 1,052 |   |   |   | 316 |   |   |   | (3,320 | ) |   |   | — |   |
| Short-term intercompany notes payable                                              |   |                                              | 66      |   |   |   | — |   |   |   | 21 |   |   |   | 189 |   |   |   | (276 | ) |   |   | — |   |
| Other current liabilities                                                          |   |                                              | 50      |   |   |   | 9 |   |   |   | 277 |   |   |   | 40 |   |   |   | (10 | ) |   |   | 366 |   |
| Total current liabilities                                                          |   |                                              | 2,107   |   |   |   | 9 |   |   |   | 2,258 |   |   |   | 1,138 |   |   |   | (3,673 | ) |   |   | 1,839 |   |
| Long-term debt                                                                     |   |                                              | 907     |   |   |   | 700 |   |   |   | 28 |   |   |   | 32 |   |   |   | — |   |   |   | 1,667 |   |
| Deferred tax liabilities                                                           |   |                                              | — |   |   |   | — |   |   |   | 371 |   |   |   | 76 |   |   |   | (3 | ) |   |   | 444 |   |
| Self-insurance reserves                                                            |   |                                              | — |   |   |   | — |   |   |   | 11 |   |   |   | 116 |   |   |   | — |   |   |   | 127 |   |
| Pension and post-retirement benefit obligations                               |   |                                              | — |   |   |   | — |   |   |   | 124 |   |   |   | 162 |   |   |   | — |   |   |   | 286 |   |
| Long-term intercompany notes payable                                               |   |                                              | — |   |   |   | — |   |   |   | 564 |   |   |   | 1,263 |   |   |   | (1,827 | ) |   |   | — |   |
| Other long-term liabilities                                                        |   |                                              | 3       |   |   |   | — |   |   |   | 94 |   |   |   | 31 |   |   |   | — |   |   |   | 128 |   |
| Total liabilities                                                                  |   |                                              | 3,017   |   |   |   | 709 |   |   |   | 3,450 |   |   |   | 2,818 |   |   |   | (5,503 | ) |   |   | 4,491 |   |
| URS stockholders' equity                                                           |   |                                              | 4,081   |   |   |   | 19 |   |   |   | 5,731 |   |   |   | 1,468 |   |   |   | (7,218 | ) |   |   | 4,081 |   |
| Intercompany notes receivable                                                      |   |                                              | (730    | ) |   |   | (657 | ) |   |   | (630 | ) |   |   | (86 | ) |   |   | 2,103 |   |   |   | — |   |
| Total URS stockholders' equity                                                     |   |                                              | 3,351   |   |   |   | (638 | ) |   |   | 5,101 |   |   |   | 1,382 |   |   |   | (5,115 | ) |   |   | 4,081 |   |
| Noncontrolling interests                                                           |   |                                              | — |   |   |   | — |   |   |   | — |   |   |   | 146 |   |   |   | — |   |   |   | 146 |   |
| Total stockholders' equity                                                         |   |                                              | 3,351   |   |   |   | (638 | ) |   |   | 5,101 |   |   |   | 1,528 |   |   |   | (5,115 | ) |   |   | 4,227 |   |
| Total liabilities and stockholders' equity                                    |   | $                                                 | 6,368   |   |   | $ | 71 |   |   | $ | 8,551 |   |   | $ | 4,346 |   |   | $ | (10,618 | ) |   | $ | 8,718 |   |

----

|                                                                 |   | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS – UNAUDITED |    |
|----------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------|
|                                                                 |   | For the Three Months Ended July 4, 2014                           |    |
| (in millions)                                                        |   | IssuerParent                                                      |    |   | IssuerFox LP |   |   | Guarantors |   |   | Non-Guarantors |   |   | Eliminations |   |   | Consolidated |   |
|                                                                 |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                             |   | $                                                                 | — |   |   | $ | — |   |   | $ | 1,525 |   |   | $ | 1,115 |   |   | $ | (85 | ) |   | $ | 2,555 |   |
| Cost of revenues                                                     |   |                                                              | — |   |   |   | — |   |   |   | (1,431 | ) |   |   | (1,061 | ) |   |   | 85 |   |   |   | (2,407 | ) |
| General and administrative expenses                                  |   |                                                              | (26     | ) |   |   | — |   |   |   | — |   |   |   | (1 | ) |   |   | — |   |   |   | (27 | ) |
| Equity in income (loss) in subsidiaries                              |   |                                                              | 95      |   |   |   | 7 |   |   |   | 48 |   |   |   | (4 | ) |   |   | (146 | ) |   |   | — |   |
| Equity in income of unconsolidated joint ventures               |   |                                                              | — |   |   |   | — |   |   |   | 2 |   |   |   | 15 |   |   |   | — |   |   |   | 17 |   |
| Intercompany royalty and general and administrative charges     |   |                                                              | 22      |   |   |   | — |   |   |   | (23 | ) |   |   | 1 |   |   |   | — |   |   |   | — |   |
| Operating income (loss)                                              |   |                                                              | 91      |   |   |   | 7 |   |   |   | 121 |   |   |   | 65 |   |   |   | (146 | ) |   |   | 138 |   |
| Interest expense                                                     |   |                                                              | (9      | ) |   |   | (7 | ) |   |   | — |   |   |   | (2 | ) |   |   | — |   |   |   | (18 | ) |
| Intercompany interest income                                         |   |                                                              | 3       |   |   |   | 1 |   |   |   | 9 |   |   |   | — |   |   |   | (13 | ) |   |   | — |   |
| Intercompany interest expense                                        |   |                                                              | — |   |   |   | — |   |   |   | (3 | ) |   |   | (10 | ) |   |   | 13 |   |   |   | — |   |
| Other income                                                         |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | 1 |   |   |   | — |   |   |   | 1 |   |
| Income (loss) before income taxes                                    |   |                                                              | 85      |   |   |   | 1 |   |   |   | 127 |   |   |   | 54 |   |   |   | (146 | ) |   |   | 121 |   |
| Income tax benefit (expense)                                         |   |                                                              | 3       |   |   |   | 2 |   |   |   | (32 | ) |   |   | 14 |   |   |   | — |   |   |   | (13 | ) |
| Net income (loss) including noncontrolling interests            |   |                                                              | 88      |   |   |   | 3 |   |   |   | 95 |   |   |   | 68 |   |   |   | (146 | ) |   |   | 108 |   |
| Noncontrolling interests in income of consolidated subsidiaries |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (20 | ) |   |   | — |   |   |   | (20 | ) |
| Net income (loss) attributable to URS                           |   | $                                                                 | 88      |   |   | $ | 3 |   |   | $ | 95 |   |   | $ | 48 |   |   | $ | (146 | ) |   | $ | 88 |   |
| Comprehensive income (loss) attributable to URS                 |   | $                                                                 | 126     |   |   | $ | 3 |   |   | $ | 133 |   |   | $ | 73 |   |   | $ | (209 | ) |   | $ | 126 |   |

----

|                                                                 |   | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS – UNAUDITED |    |
|----------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------|
|                                                                 |   | For the Three Months Ended June 28, 2013                          |    |
| (in millions)                                                        |   | IssuerParent                                                      |    |   | IssuerFox LP |   |   | Guarantors |   |   | Non-Guarantors |   |   | Eliminations |   |   | Consolidated |   |
|                                                                 |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                             |   | $                                                                 | — |   |   | $ | — |   |   | $ | 1,708 |   |   | $ | 1,172 |   |   | $ | (88 | ) |   | $ | 2,792 |   |
| Cost of revenues                                                     |   |                                                              | — |   |   |   | — |   |   |   | (1,585 | ) |   |   | (1,145 | ) |   |   | 88 |   |   |   | (2,642 | ) |
| General and administrative expenses                                  |   |                                                              | (24     | ) |   |   | — |   |   |   | — |   |   |   | 1 |   |   |   | — |   |   |   | (23 | ) |
| Equity in income (loss) in subsidiaries                              |   |                                                              | 66      |   |   |   | 7 |   |   |   | 2 |   |   |   | (4 | ) |   |   | (71 | ) |   |   | — |   |
| Equity in income of unconsolidated joint ventures               |   |                                                              | — |   |   |   | — |   |   |   | 2 |   |   |   | 16 |   |   |   | — |   |   |   | 18 |   |
| Intercompany royalty and general and administrative charges     |   |                                                              | 32      |   |   |   | — |   |   |   | (28 | ) |   |   | (4 | ) |   |   | — |   |   |   | — |   |
| Operating income (loss)                                              |   |                                                              | 74      |   |   |   | 7 |   |   |   | 99 |   |   |   | 36 |   |   |   | (71 | ) |   |   | 145 |   |
| Interest expense                                                     |   |                                                              | (8      | ) |   |   | (9 | ) |   |   | — |   |   |   | (4 | ) |   |   | — |   |   |   | (21 | ) |
| Intercompany interest income                                         |   |                                                              | 2       |   |   |   | 1 |   |   |   | 9 |   |   |   | — |   |   |   | (12 | ) |   |   | — |   |
| Intercompany interest expense                                        |   |                                                              | (1      | ) |   |   | — |   |   |   | (2 | ) |   |   | (9 | ) |   |   | 12 |   |   |   | — |   |
| Other expenses                                                       |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (3 | ) |   |   | — |   |   |   | (3 | ) |
| Income (loss) before income taxes                                    |   |                                                              | 67      |   |   |   | (1 | ) |   |   | 106 |   |   |   | 20 |   |   |   | (71 | ) |   |   | 121 |   |
| Income tax benefit (expense)                                         |   |                                                              | — |   |   |   | 4 |   |   |   | (39 | ) |   |   | (4 | ) |   |   | — |   |   |   | (39 | ) |
| Net income (loss) including noncontrolling interests            |   |                                                              | 67      |   |   |   | 3 |   |   |   | 67 |   |   |   | 16 |   |   |   | (71 | ) |   |   | 82 |   |
| Noncontrolling interests in income of consolidated subsidiaries |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (15 | ) |   |   | — |   |   |   | (15 | ) |
| Net income (loss) attributable to URS                           |   | $                                                                 | 67      |   |   | $ | 3 |   |   | $ | 67 |   |   | $ | 1 |   |   | $ | (71 | ) |   | $ | 67 |   |
| Comprehensive income (loss) attributable to URS                 |   | $                                                                 | 30      |   |   | $ | 3 |   |   | $ | 31 |   |   | $ | (37 | ) |   | $ | 3 |   |   | $ | 30 |   |

----

|                                                                 |   | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS – UNAUDITED |    |
|----------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------|
|                                                                 |   | For the Six Months Ended July 4, 2014                             |    |
| (in millions)                                                        |   | IssuerParent                                                      |    |   | IssuerFox LP |   |   | Guarantors |   |   | Non-Guarantors |   |   | Eliminations |   |   | Consolidated |   |
|                                                                 |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                             |   | $                                                                 | — |   |   | $ | — |   |   | $ | 2,988 |   |   | $ | 2,251 |   |   | $ | (147 | ) |   | $ | 5,092 |   |
| Cost of revenues                                                     |   |                                                              | — |   |   |   | — |   |   |   | (2,828 | ) |   |   | (2,173 | ) |   |   | 147 |   |   |   | (4,854 | ) |
| General and administrative expenses                                  |   |                                                              | (49     | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (49 | ) |
| Equity in income (loss) in subsidiaries                              |   |                                                              | 118     |   |   |   | 15 |   |   |   | 37 |   |   |   | (9 | ) |   |   | (161 | ) |   |   | — |   |
| Equity in income of unconsolidated joint ventures               |   |                                                              | — |   |   |   | — |   |   |   | 4 |   |   |   | 32 |   |   |   | — |   |   |   | 36 |   |
| Intercompany royalty and general and administrative charges     |   |                                                              | 56      |   |   |   | — |   |   |   | (48 | ) |   |   | (8 | ) |   |   | — |   |   |   | — |   |
| Operating income (loss)                                              |   |                                                              | 125     |   |   |   | 15 |   |   |   | 153 |   |   |   | 93 |   |   |   | (161 | ) |   |   | 225 |   |
| Interest expense                                                     |   |                                                              | (16     | ) |   |   | (16 | ) |   |   | — |   |   |   | (4 | ) |   |   | — |   |   |   | (36 | ) |
| Intercompany interest income                                         |   |                                                              | 5       |   |   |   | 2 |   |   |   | 18 |   |   |   | 1 |   |   |   | (26 | ) |   |   | — |   |
| Intercompany interest expense                                        |   |                                                              | (1      | ) |   |   | — |   |   |   | (5 | ) |   |   | (20 | ) |   |   | 26 |   |   |   | — |   |
| Other expenses                                                       |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (3 | ) |   |   | — |   |   |   | (3 | ) |
| Income (loss) before income taxes                                    |   |                                                              | 113     |   |   |   | 1 |   |   |   | 166 |   |   |   | 67 |   |   |   | (161 | ) |   |   | 186 |   |
| Income tax benefit (expense)                                         |   |                                                              | 2       |   |   |   | 5 |   |   |   | (48 | ) |   |   | 2 |   |   |   | — |   |   |   | (39 | ) |
| Net income (loss) including noncontrolling interests            |   |                                                              | 115     |   |   |   | 6 |   |   |   | 118 |   |   |   | 69 |   |   |   | (161 | ) |   |   | 147 |   |
| Noncontrolling interests in income of consolidated subsidiaries |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (32 | ) |   |   | — |   |   |   | (32 | ) |
| Net income (loss) attributable to URS                           |   | $                                                                 | 115     |   |   | $ | 6 |   |   | $ | 118 |   |   | $ | 37 |   |   | $ | (161 | ) |   | $ | 115 |   |
| Comprehensive income (loss) attributable to URS                 |   | $                                                                 | 137     |   |   | $ | 6 |   |   | $ | 142 |   |   | $ | 45 |   |   | $ | (193 | ) |   | $ | 137 |   |

----

|                                                                 |   | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS – UNAUDITED |    |
|----------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------|
|                                                                 |   | For the Six Months Ended June 28, 2013                            |    |
| (in millions)                                                        |   | IssuerParent                                                      |    |   | IssuerFox LP |   |   | Guarantors |   |   | Non-Guarantors |   |   | Eliminations |   |   | Consolidated |   |
|                                                                 |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                             |   | $                                                                 | — |   |   | $ | — |   |   | $ | 3,431 |   |   | $ | 2,332 |   |   | $ | (168 | ) |   | $ | 5,595 |   |
| Cost of revenues                                                     |   |                                                              | — |   |   |   | — |   |   |   | (3,183 | ) |   |   | (2,278 | ) |   |   | 168 |   |   |   | (5,293 | ) |
| General and administrative expenses                                  |   |                                                              | (46     | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (46 | ) |
| Equity in income (loss) in subsidiaries                              |   |                                                              | 132     |   |   |   | 15 |   |   |   | 6 |   |   |   | (9 | ) |   |   | (144 | ) |   |   | — |   |
| Equity in income of unconsolidated joint ventures               |   |                                                              | — |   |   |   | — |   |   |   | 5 |   |   |   | 37 |   |   |   | — |   |   |   | 42 |   |
| Intercompany royalty and general and administrative charges     |   |                                                              | 69      |   |   |   | — |   |   |   | (61 | ) |   |   | (8 | ) |   |   | — |   |   |   | — |   |
| Operating income (loss)                                              |   |                                                              | 155     |   |   |   | 15 |   |   |   | 198 |   |   |   | 74 |   |   |   | (144 | ) |   |   | 298 |   |
| Interest expense                                                     |   |                                                              | (16     | ) |   |   | (17 | ) |   |   | — |   |   |   | (9 | ) |   |   | — |   |   |   | (42 | ) |
| Intercompany interest income                                         |   |                                                              | 5       |   |   |   | 2 |   |   |   | 18 |   |   |   | — |   |   |   | (25 | ) |   |   | — |   |
| Intercompany interest expense                                        |   |                                                              | (1      | ) |   |   | — |   |   |   | (5 | ) |   |   | (19 | ) |   |   | 25 |   |   |   | — |   |
| Other expenses                                                       |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (6 | ) |   |   | — |   |   |   | (6 | ) |
| Income (loss) before income taxes                                    |   |                                                              | 143     |   |   |   | — |   |   |   | 211 |   |   |   | 40 |   |   |   | (144 | ) |   |   | 250 |   |
| Income tax benefit (expense)                                         |   |                                                              | (4      | ) |   |   | 6 |   |   |   | (78 | ) |   |   | (5 | ) |   |   | — |   |   |   | (81 | ) |
| Net income (loss) including noncontrolling interests            |   |                                                              | 139     |   |   |   | 6 |   |   |   | 133 |   |   |   | 35 |   |   |   | (144 | ) |   |   | 169 |   |
| Noncontrolling interests in income of consolidated subsidiaries |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (30 | ) |   |   | — |   |   |   | (30 | ) |
| Net income (loss) attributable to URS                           |   | $                                                                 | 139     |   |   | $ | 6 |   |   | $ | 133 |   |   | $ | 5 |   |   | $ | (144 | ) |   | $ | 139 |   |
| Comprehensive income (loss) attributable to URS                 |   | $                                                                 | 69      |   |   | $ | 6 |   |   | $ | 67 |   |   | $ | (70 | ) |   | $ | (3 | ) |   | $ | 69 |   |

----

|                                                                                                |   | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS – UNAUDITED |    |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------|
|                                                                                                |   | For the Six Months Ended July 4, 2014                             |    |
| (in millions)                                                                                       |   | IssuerParent                                                      |    |   | IssuerFox LP |   |   | Guarantors |   |   | Non-Guarantors |   |   | Eliminations |   |   | Consolidated |   |
|                                                                                                |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash from operating activities                                                                  |   | $                                                                 | (14     | ) |   | $ | (12 | ) |   | $ | 229 |   |   | $ | 54 |   |   | $ | 5 |   |   | $ | 262 |   |
| Cash flows from investing activities:                                                               |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from disposal of property and equipment                                               |   |                                                              | — |   |   |   | — |   |   |   | 1 |   |   |   | 32 |   |   |   | — |   |   |   | 33 |   |
| Changes in restricted cash                                                                          |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | 3 |   |   |   | — |   |   |   | 3 |   |
| Capital expenditures, less equipment purchased through capital leases and equipment notes |   |                                                              | (5      | ) |   |   | — |   |   |   | (27 | ) |   |   | (10 | ) |   |   | — |   |   |   | (42 | ) |
| Other intercompany investing activities                                                             |   |                                                              | 36      |   |   |   | 112 |   |   |   | (156 | ) |   |   | 823 |   |   |   | (815 | ) |   |   | — |   |
| Net cash from investing activities                                                                  |   |                                                              | 31      |   |   |   | 112 |   |   |   | (182 | ) |   |   | 848 |   |   |   | (815 | ) |   |   | (6 | ) |
| Cash flows from financing activities:                                                               |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Borrowings from long-term debt                                                                      |   |                                                              | 100     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (100 | ) |   |   | — |   |
| Payments on long-term debt                                                                          |   |                                                              | — |   |   |   | (100 | ) |   |   | (3 | ) |   |   | — |   |   |   | 100 |   |   |   | (3 | ) |
| Borrowings from revolving line of credit                                                            |   |                                                              | 485     |   |   |   | — |   |   |   | — |   |   |   | 178 |   |   |   | — |   |   |   | 663 |   |
| Payments on revolving line of credit                                                                |   |                                                              | (485    | ) |   |   | — |   |   |   | — |   |   |   | (96 | ) |   |   | — |   |   |   | (581 | ) |
| Net payments on other indebtedness                                                                  |   |                                                              | (1      | ) |   |   | — |   |   |   | (3 | ) |   |   | (7 | ) |   |   | — |   |   |   | (11 | ) |
| Net change in overdrafts                                                                            |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | 1 |   |   |   | — |   |   |   | 1 |   |
| Proceeds from employee stock purchases and exercises of stock options                          |   |                                                              | 2       |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 2 |   |
| Distributions to noncontrolling interests                                                           |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (36 | ) |   |   | — |   |   |   | (36 | ) |
| Dividends paid                                                                                      |   |                                                              | (31     | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (31 | ) |
| Repurchases of common stock                                                                         |   |                                                              | (266    | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (266 | ) |
| Other intercompany financing activities                                                             |   |                                                              | 126     |   |   |   | — |   |   |   | (36 | ) |   |   | (905 | ) |   |   | 815 |   |   |   | — |   |
| Net cash from financing activities                                                                  |   |                                                              | (70     | ) |   |   | (100 | ) |   |   | (42 | ) |   |   | (865 | ) |   |   | 815 |   |   |   | (262 | ) |
| Net change in cash and cash equivalents                                                             |   |                                                              | (53     | ) |   |   | — |   |   |   | 5 |   |   |   | 37 |   |   |   | 5 |   |   |   | (6 | ) |
| Effect of foreign exchange rate changes on cash and cash equivalents                           |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | 5 |   |   |   | — |   |   |   | 5 |   |
| Cash and cash equivalents at beginning of period                                               |   |                                                              | 107     |   |   |   | — |   |   |   | 20 |   |   |   | 205 |   |   |   | (48 | ) |   |   | 284 |   |
| Cash and cash equivalents at end of period                                                     |   | $                                                                 | 54      |   |   | $ | — |   |   | $ | 25 |   |   | $ | 247 |   |   | $ | (43 | ) |   | $ | 283 |   |

----

|                                                                                                |   | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS – UNAUDITED |    |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------|
|                                                                                                |   | For the Six Months Ended June 28, 2013                            |    |
| (in millions)                                                                                       |   | IssuerParent                                                      |    |   | IssuerFox LP |   |   | Guarantors |   |   | Non-Guarantors |   |   | Eliminations |   |   | Consolidated |   |
|                                                                                                |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash from operating activities                                                                  |   | $                                                                 | (90     | ) |   | $ | 2 |   |   | $ | 189 |   |   | $ | (10 | ) |   | $ | (1 | ) |   | $ | 90 |   |
| Cash flows from investing activities:                                                               |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from disposal of property and equipment                                               |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | 26 |   |   |   | — |   |   |   | 26 |   |
| Changes in restricted cash                                                                          |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | 2 |   |   |   | — |   |   |   | 2 |   |
| Capital expenditures, less equipment purchased through capital leases and equipment notes |   |                                                              | (3      | ) |   |   | — |   |   |   | (15 | ) |   |   | (28 | ) |   |   | — |   |   |   | (46 | ) |
| Other intercompany investing activities                                                             |   |                                                              | 394     |   |   |   | (2 | ) |   |   | 307 |   |   |   | 9 |   |   |   | (708 | ) |   |   | — |   |
| Net cash from investing activities                                                                  |   |                                                              | 391     |   |   |   | (2 | ) |   |   | 292 |   |   |   | 9 |   |   |   | (708 | ) |   |   | (18 | ) |
| Cash flows from financing activities:                                                               |   |                                                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Payments on long-term debt                                                                          |   |                                                              | — |   |   |   | — |   |   |   | (2 | ) |   |   | — |   |   |   | — |   |   |   | (2 | ) |
| Borrowings from revolving line of credit                                                            |   |                                                              | 815     |   |   |   | — |   |   |   | — |   |   |   | 43 |   |   |   | — |   |   |   | 858 |   |
| Payments on revolving line of credit                                                                |   |                                                              | (755    | ) |   |   | — |   |   |   | — |   |   |   | (68 | ) |   |   | — |   |   |   | (823 | ) |
| Net payments on other indebtedness                                                                  |   |                                                              | (16     | ) |   |   | — |   |   |   | (2 | ) |   |   | (6 | ) |   |   | — |   |   |   | (24 | ) |
| Net change in overdrafts                                                                            |   |                                                              | — |   |   |   | — |   |   |   | 5 |   |   |   | 1 |   |   |   | (19 | ) |   |   | (13 | ) |
| Excess tax benefits from stock-based compensation                                              |   |                                                              | 2       |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 2 |   |
| Proceeds from employee stock purchases and exercises of stock options                          |   |                                                              | 13      |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 13 |   |
| Distributions to noncontrolling interests                                                           |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (32 | ) |   |   | — |   |   |   | (32 | ) |
| Dividends paid                                                                                      |   |                                                              | (31     | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (31 | ) |
| Repurchases of common stock                                                                         |   |                                                              | (93     | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (93 | ) |
| Other intercompany financing activities                                                             |   |                                                              | (212    | ) |   |   | — |   |   |   | (488 | ) |   |   | (8 | ) |   |   | 708 |   |   |   | — |   |
| Net cash from financing activities                                                                  |   |                                                              | (277    | ) |   |   | — |   |   |   | (487 | ) |   |   | (70 | ) |   |   | 689 |   |   |   | (145 | ) |
| Net change in cash and cash equivalents                                                             |   |                                                              | 24      |   |   |   | — |   |   |   | (6 | ) |   |   | (71 | ) |   |   | (20 | ) |   |   | (73 | ) |
| Effect of foreign exchange rate changes on cash and cash equivalents                           |   |                                                              | — |   |   |   | — |   |   |   | — |   |   |   | (8 | ) |   |   | — |   |   |   | (8 | ) |
| Cash and cash equivalents at beginning of period                                               |   |                                                              | 14      |   |   |   | — |   |   |   | 17 |   |   |   | 286 |   |   |   | (2 | ) |   |   | 315 |   |
| Cash and cash equivalents at end of period                                                     |   | $                                                                 | 38      |   |   | $ | — |   |   | $ | 11 |   |   | $ | 207 |   |   | $ | (22 | ) |   | $ | 234 |   |

----

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

Part II – Item 1A, “Risk Factors
Part I – Item 1, “Financial Statements

----

| Market Sector                   | Division         |
|---------------------------------|------------------|
| Infrastructure &Environment | Federal Services | Energy &Construction | Oil &Gas |
| Federal                         | ü           | ü | — | — |
| Infrastructure                  | ü           | — | ü | — |
| Oil & Gas                   | ü           | — | ü | ü |
| Power                           | ü           | — | ü | — |
| Industrial                      | ü           | — | ü | — |

| ü   | a primary market sector for the division. |
|--------------------|-------------------------------------------|

|   | — | not a primary market sector for the division. |
|--------|---------|-----------------------------------------------|

----

Part II, Item 1A, “Risk Factors

----

----

| (In millions)                 |   | Infrastructure &Environment |   |   | FederalServices |   |   | Energy &Construction |   |   | Oil & Gas |   |   | Total  |    |
|-------------------------------|--------|---------------------------------|--------|--------|-----------------|--------|--------|--------------------------|--------|--------|---------------|--------|--------|--------|---------|
| As of July 4, 2014            |   |                            |   |   |            |   |   |                     |   |   |          |   |   |   |    |
| Backlog                       |   | $                               | 3,041  |   |            | $      | 4,227  |                     |   | $      | 3,029         |   |   | $      | 327     |   |   | $ | 10,624 |   |
| Option years                  |   |                            | 137    |   |            |   | 3,469  |                     |   |   | 76            |   |   |   | — |   |   |   | 3,682 |   |
| Indefinite delivery contracts |   |                            | 2,868  |   |            |   | 3,946  |                     |   |   | 236           |   |   |   | 1,062   |   |   |   | 8,112 |   |
| Total book of business        |   | $                               | 6,046  |   |            | $      | 11,642 |                     |   | $      | 3,341         |   |   | $      | 1,389   |   |   | $ | 22,418 |   |
|                          |   |                            |   |   |            |   |   |                     |   |   |          |   |   |   |    |   |   |   |   |   |
| As of January 3, 2014         |   |                            |   |   |            |   |   |                     |   |   |          |   |   |   |    |   |   |   |   |   |
| Backlog                       |   | $                               | 2,851  |   |            | $      | 4,284  |                     |   | $      | 3,705         |   |   | $      | 462     |   |   | $ | 11,302 |   |
| Option years                  |   |                            | 146    |   |            |   | 3,734  |                     |   |   | 76            |   |   |   | — |   |   |   | 3,956 |   |
| Indefinite delivery contracts |   |                            | 3,081  |   |            |   | 3,150  |                     |   |   | 131           |   |   |   | 1,187   |   |   |   | 7,549 |   |
| Total book of business        |   | $                               | 6,078  |   |            | $      | 11,168 |                     |   | $      | 3,912         |   |   | $      | 1,649   |   |   | $ | 22,807 |   |

|                      |   | July 4, |   |   | January 3, |   |
|---------------------------|--------|---------|--------|--------|------------|--------|
| (In millions)             |   | 2014    |   |   | 2013       |   |
| Backlog by market sector: |   |    |   |   |       |   |
| Federal                   |   | $       | 4,795  |   |       | $      | 4,891 |   |
| Infrastructure            |   |    | 2,667  |   |       |   | 2,683 |   |
| Oil & Gas             |   |    | 897    |   |       |   | 1,102 |   |
| Power                     |   |    | 1,074  |   |       |   | 1,339 |   |
| Industrial                |   |    | 1,191  |   |       |   | 1,287 |   |
| Total backlog             |   | $       | 10,624 |   |       | $      | 11,302 |   |

----

Note 6, “Goodwill

----

|                                | Three Months Ended |   |
|-------------------------------------|--------------------|--------|
|                                |               |   |   |   |   |   |   |   |   |   | Percentage |   |
|                                | July 4,            |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages)   | 2014               |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Revenues by Market Sector:          |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal                             |               | $      | 826 |   |   | $ | 953 |   |   | $ | (127 | ) |   |   | (13.3 | %) |
| Infrastructure                      |               |   | 488 |   |   |   | 489 |   |   |   | (1 | ) |   |   | (0.2 | %) |
| Oil & Gas                       |               |   | 697 |   |   |   | 797 |   |   |   | (100 | ) |   |   | (12.5 | %) |
| Power                               |               |   | 253 |   |   |   | 261 |   |   |   | (8 | ) |   |   | (3.1 | %) |
| Industrial                          |               |   | 291 |   |   |   | 292 |   |   |   | (1 | ) |   |   | (0.3 | %) |
| Total revenues, net of eliminations |               | $      | 2,555 |   |   | $ | 2,792 |   |   | $ | (237 | ) |   |   | (8.5 | %) |

|                              | Three Months Ended |   |
|-----------------------------------|--------------------|--------|
|                              |               |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,            |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014               |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Federal Market Sector:            |               |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |               | $      | 97 |   |   | $ | 163 |   |   | $ | (66 | ) |   |   | (40.5 | %) |
| Federal Services                  |               |   | 725 |   |   |   | 788 |   |   |   | (63 | ) |   |   | (8.0 | %) |
| Energy & Construction         |               |   | 4 |   |   |   | 2 |   |   |   | 2 |   |   |   | 100.0 | % |
| Federal total                     |               | $      | 826 |   |   | $ | 953 |   |   | $ | (127 | ) |   |   | (13.3 | %) |

----

|                              | Three Months Ended |   |
|-----------------------------------|--------------------|--------|
|                              |               |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,            |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014               |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Infrastructure Market Sector:     |               |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |               | $      | 403 |   |   | $ | 421 |   |   | $ | (18 | ) |   |   | (4.3 | %) |
| Energy & Construction         |               |   | 85 |   |   |   | 68 |   |   |   | 17 |   |   |   | 25.0 | % |
| Infrastructure total              |               | $      | 488 |   |   | $ | 489 |   |   | $ | (1 | ) |   |   | (0.2 | %) |

|                              | Three Months Ended |   |
|-----------------------------------|--------------------|--------|
|                              |               |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,            |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014               |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Oil & Gas Market Sector:      |               |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |               | $      | 97 |   |   | $ | 113 |   |   | $ | (16 | ) |   |   | (14.2 | %) |
| Energy & Construction         |               |   | 149 |   |   |   | 252 |   |   |   | (103 | ) |   |   | (40.9 | %) |
| Oil & Gas                     |               |   | 451 |   |   |   | 432 |   |   |   | 19 |   |   |   | 4.4 | % |
| Oil & Gas total               |               | $      | 697 |   |   | $ | 797 |   |   | $ | (100 | ) |   |   | (12.5 | %) |

----

|                              | Three Months Ended |   |
|-----------------------------------|--------------------|--------|
|                              |               |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,            |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014               |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Power Market Sector:              |               |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |               | $      | 64 |   |   | $ | 66 |   |   | $ | (2 | ) |   |   | (3.0 | %) |
| Energy & Construction         |               |   | 183 |   |   |   | 189 |   |   |   | (6 | ) |   |   | (3.2 | %) |
| Oil & Gas                     |               |   | 6 |   |   |   | 6 |   |   |   | — |   |   |   | 0.0 | % |
| Power total                       |               | $      | 253 |   |   | $ | 261 |   |   | $ | (8 | ) |   |   | (3.1 | %) |

|                              | Three Months Ended |   |
|-----------------------------------|--------------------|--------|
|                              |               |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,            |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014               |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Industrial Market Sector:         |               |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |               | $      | 156 |   |   | $ | 169 |   |   | $ | (13 | ) |   |   | (7.7 | %) |
| Federal Services                  |               |   | 2 |   |   |   | 2 |   |   |   | — |   |   |   | 0.0 | % |
| Energy & Construction         |               |   | 130 |   |   |   | 119 |   |   |   | 11 |   |   |   | 9.2 | % |
| Oil & Gas                     |               |   | 3 |   |   |   | 2 |   |   |   | 1 |   |   |   | 50.0 | % |
| Industrial total                  |               | $      | 291 |   |   | $ | 292 |   |   | $ | (1 | ) |   |   | (0.3 | %) |

----

|                                                            |   | Three Months Ended |   |
|-----------------------------------------------------------------|--------|--------------------|--------|
|                                                            |   |               |   |   |   |   |   |   |   |   | Percentage |   |
|                                                            |   | July 4,            |   |   | June 28, |   |   | Increase |   |   | Increase |   |
| (In millions, except percentages and per share amounts)         |   | 2014               |   |   | 2013 |   |   | (Decrease) |   |   | (Decrease) |   |
|                                                            |   |               |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                        |   | $                  | 2,555  |   |   | $ | 2,792 |   |   | $ | (237 | ) |   |   | (8.5 | %) |
| Cost of revenues                                                |   |               | (2,407 | ) |   |   | (2,642 | ) |   |   | (235 | ) |   |   | (8.9 | %) |
| General and administrative expenses                             |   |               | (27    | ) |   |   | (23 | ) |   |   | 4 |   |   |   | 17.4 | % |
| Equity in income of unconsolidated joint ventures          |   |               | 17     |   |   |   | 18 |   |   |   | (1 | ) |   |   | (5.6 | %) |
| Operating income                                                |   |               | 138    |   |   |   | 145 |   |   |   | (7 | ) |   |   | (4.8 | %) |
| Interest expense                                                |   |               | (18    | ) |   |   | (21 | ) |   |   | (3 | ) |   |   | (14.3 | %) |
| Other income (expenses)                                         |   |               | 1      |   |   |   | (3 | ) |   |   | 4 |   |   |   | 133.3 | % |
| Income before income taxes                                      |   |               | 121    |   |   |   | 121 |   |   |   | — |   |   |   | — |   |
| Income tax expense                                              |   |               | (13    | ) |   |   | (39 | ) |   |   | (26 | ) |   |   | (66.7 | %) |
| Net income including noncontrolling interests              |   |               | 108    |   |   |   | 82 |   |   |   | 26 |   |   |   | 31.7 | % |
| Noncontrolling interests in income of consolidated subsidiaries |   |               | (20    | ) |   |   | (15 | ) |   |   | 5 |   |   |   | 33.3 | % |
| Net income attributable to URS                                  |   | $                  | 88     |   |   | $ | 67 |   |   | $ | 21 |   |   |   | 31.3 | % |
|                                                            |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted earnings per share                                      |   | $                  | 1.27   |   |   | $ | 0.91 |   |   | $ | 0.36 |   |   |   | 39.6 | % |

| (In millions, except percentages) |   | Infrastructure & Environment |   |   | Federal Services |   |   | Energy & Construction |   |   | Oil & Gas |   |   | Eliminations |   |   | Total  |   |
|----------------------------------------|--------|----------------------------------|--------|--------|------------------|--------|--------|---------------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|--------|--------|
| Three months ended                     |   |                             |   |   |             |   |   |                      |   |   |          |   |   |         |   |   |   |   |
|                                   |   |                             |   |   |             |   |   |                      |   |   |          |   |   |         |   |   |   |   |
| July 4, 2014                           |   | $                                | 824    |   |             | $      | 728    |                      |   | $      | 562           |   |   | $            | 463    |   |   | $      | (22 | ) |   | $ | 2,555 |   |
| June 28, 2013                          |   |                             | 947    |   |             |   | 790    |                      |   |   | 641           |   |   |         | 459    |   |   |   | (45 | ) |   |   | 2,792 |   |
| Increase (decrease)                    |   |                             | (123   | )      |             |   | (62    | )                         |   |   | (79           | )      |   |         | 4      |   |   |   | (23 | ) |   |   | (237 | ) |
| Percentage increase (decrease)    |   |                             | (13.0  | %)     |             |   | (7.8   | %)                        |   |   | (12.3         | %)     |   |         | 0.9    | %      |   |   | (51.1 | %) |   |   | (8.5 | %) |

----

| (In millions, except percentages)   |   | Infrastructure & Environment |   |   | Federal Services |   |   | Energy & Construction |   |   | Oil & Gas |   |   | Eliminations |   |   | Total  |   |
|-------------------------------------|--------|----------------------------------|--------|--------|------------------|--------|--------|---------------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|--------|--------|
| Three months ended                  |   |                             |   |   |             |   |   |                      |   |   |          |   |   |         |   |   |   |   |
|                                |   |                             |   |   |             |   |   |                      |   |   |          |   |   |         |   |   |   |   |
| July 4, 2014                        |   | $                                | (772   | )      |             | $      | (649   | )                         |   | $      | (547          | )      |   | $            | (461   | )      |   | $      | 22 |   |   | $ | (2,407 | ) |
| June 28, 2013                       |   |                             | (887   | )      |             |   | (716   | )                         |   |   | (622          | )      |   |         | (462   | )      |   |   | 45 |   |   |   | (2,642 | ) |
| Increase (decrease)                 |   |                             | (115   | )      |             |   | (67    | )                         |   |   | (75           | )      |   |         | (1     | )      |   |   | (23 | ) |   |   | (235 | ) |
| Percentage increase (decrease) |   |                             | (13.0  | %)     |             |   | (9.4   | %)                        |   |   | (12.1         | %)     |   |         | (0.2   | %)     |   |   | (51.1 | %) |   |   | (8.9 | %) |

----

| (In millions, except percentages)   |   | Infrastructure & Environment |   |   | Federal Services |   |   | Energy & Construction |   |   | Oil & Gas |   |   | Corporate |   |   | Total  |   |
|-------------------------------------|--------|----------------------------------|--------|--------|------------------|--------|--------|---------------------------|--------|--------|---------------|--------|--------|-----------|--------|--------|--------|--------|
| Three months ended                  |   |                             |   |   |             |   |   |                      |   |   |          |   |   |      |   |   |   |   |
|                                |   |                             |   |   |             |   |   |                      |   |   |          |   |   |      |   |   |   |   |
| July 4, 2014                        |   | $                                | 52     |   |             | $      | 95     |                      |   | $      | 16            |   |   | $         | 2      |   |   | $      | (27 | ) |   | $ | 138 |   |
| June 28, 2013                       |   |                             | 60     |   |             |   | 89     |                      |   |   | 21            |   |   |      | (2     | )      |   |   | (23 | ) |   |   | 145 |   |
| Increase (decrease)                 |   |                             | (8     | )      |             |   | 6      |                      |   |   | (5            | )      |   |      | 4      |   |   |   | 4 |   |   |   | (7 | ) |
| Percentage increase (decrease) |   |                             | (13.3  | %)     |             |   | 6.7    | %                         |   |   | (23.8         | %)     |   |      | (200.0 | %)     |   |   | 17.4 | % |   |   | (4.8 | %) |

----

----

|                                | Six Months Ended |   |
|-------------------------------------|------------------|--------|
|                                |             |   |   |   |   |   |   |   |   |   | Percentage |   |
|                                | July 4,          |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages)   | 2014             |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Federal                             |             | $      | 1,576 |   |   | $ | 2,021 |   |   | $ | (445 | ) |   |   | (22.0 | %) |
| Infrastructure                      |             |   | 978 |   |   |   | 925 |   |   |   | 53 |   |   |   | 5.7 | % |
| Oil & Gas                       |             |   | 1,455 |   |   |   | 1,600 |   |   |   | (145 | ) |   |   | (9.1 | %) |
| Power                               |             |   | 513 |   |   |   | 475 |   |   |   | 38 |   |   |   | 8.0 | % |
| Industrial                          |             |   | 570 |   |   |   | 574 |   |   |   | (4 | ) |   |   | (0.7 | %) |
| Total revenues, net of eliminations |             | $      | 5,092 |   |   | $ | 5,595 |   |   | $ | (503 | ) |   |   | (9.0 | %) |

|                              | Six Months Ended |   |
|-----------------------------------|------------------|--------|
|                              |             |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,          |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014             |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Federal Market Sector:            |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |             | $      | 196 |   |   | $ | 326 |   |   | $ | (130 | ) |   |   | (39.9 | %) |
| Federal Services                  |             |   | 1,372 |   |   |   | 1,690 |   |   |   | (318 | ) |   |   | (18.8 | %) |
| Energy & Construction         |             |   | 7 |   |   |   | 5 |   |   |   | 2 |   |   |   | 40.0 | % |
| Oil & Gas                     |             |   | 1 |   |   |   | — |   |   |   | 1 |   |   |   | — |   |
| Federal total                     |             | $      | 1,576 |   |   | $ | 2,021 |   |   | $ | (445 | ) |   |   | (22.0 | %) |

----

|                              | Six Months Ended |   |
|-----------------------------------|------------------|--------|
|                              |             |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,          |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014             |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Infrastructure Market Sector:     |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |             | $      | 826 |   |   | $ | 804 |   |   | $ | 22 |   |   |   | 2.7 | % |
| Energy & Construction         |             |   | 152 |   |   |   | 121 |   |   |   | 31 |   |   |   | 25.6 | % |
| Infrastructure total              |             | $      | 978 |   |   | $ | 925 |   |   | $ | 53 |   |   |   | 5.7 | % |

|                              | Six Months Ended |   |
|-----------------------------------|------------------|--------|
|                              |             |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,          |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014             |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Oil & Gas Market Sector:      |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |             | $      | 203 |   |   | $ | 227 |   |   | $ | (24 | ) |   |   | (10.6 | %) |
| Energy & Construction         |             |   | 302 |   |   |   | 443 |   |   |   | (141 | ) |   |   | (31.8 | %) |
| Oil & Gas                     |             |   | 950 |   |   |   | 930 |   |   |   | 20 |   |   |   | 2.2 | % |
| Oil & Gas total               |             | $      | 1,455 |   |   | $ | 1,600 |   |   | $ | (145 | ) |   |   | (9.1 | %) |

----

|                              | Six Months Ended |   |
|-----------------------------------|------------------|--------|
|                              |             |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,          |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014             |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Power Market Sector:              |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |             | $      | 119 |   |   | $ | 106 |   |   | $ | 13 |   |   |   | 12.3 | % |
| Energy & Construction         |             |   | 382 |   |   |   | 357 |   |   |   | 25 |   |   |   | 7.0 | % |
| Oil & Gas                     |             |   | 12 |   |   |   | 12 |   |   |   | — |   |   |   | 0.0 | % |
| Power total                       |             | $      | 513 |   |   | $ | 475 |   |   | $ | 38 |   |   |   | 8.0 | % |

|                              | Six Months Ended |   |
|-----------------------------------|------------------|--------|
|                              |             |   |   |   |   |   |   |   |   |   | Percentage |   |
|                              | July 4,          |   | June 28, |   | Increase |   |   | Increase |   |
| (In millions, except percentages) | 2014             |   | 2013 |   | (Decrease) |   |   | (Decrease) |   |
| Industrial Market Sector:         |             |   |   |   |   |   |   |   |   |   |   |   |
| Infrastructure & Environment  |             | $      | 317 |   |   | $ | 339 |   |   | $ | (22 | ) |   |   | (6.5 | %) |
| Federal Services                  |             |   | 3 |   |   |   | 5 |   |   |   | (2 | ) |   |   | (40.0 | %) |
| Energy & Construction         |             |   | 245 |   |   |   | 225 |   |   |   | 20 |   |   |   | 8.9 | % |
| Oil & Gas                     |             |   | 5 |   |   |   | 5 |   |   |   | — |   |   |   | 0.0 | % |
| Industrial total                  |             | $      | 570 |   |   | $ | 574 |   |   | $ | (4 | ) |   |   | (0.7 | %) |

----

|                                                                             |   | Six Months Ended |   |
|----------------------------------------------------------------------------------|--------|------------------|--------|
|                                                                             |   |             |   |   |   |   |   |   |   |   | Percentage |   |
| (In millions, except percentages and per share amounts)                          |   | July 4,          |   |   | June 28, |   |   | Increase |   |   | Increase |   |
|                                                                             |   | 2014             |   |   | 2013 |   |   | (Decrease) |   |   | (Decrease) |   |
|                                                                             |   |             |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                                         |   | $                | 5,092  |   |   | $ | 5,595 |   |   | $ | (503 | ) |   |   | (9.0 | %) |
| Cost of revenues                                                                 |   |             | (4,854 | ) |   |   | (5,293 | ) |   |   | (439 | ) |   |   | (8.3 | %) |
| General and administrative expense                                               |   |             | (49    | ) |   |   | (46 | ) |   |   | 3 |   |   |   | 6.5 | % |
| Equity in income of unconsolidated joint ventures                           |   |             | 36     |   |   |   | 42 |   |   |   | (6 | ) |   |   | (14.3 | %) |
| Operating income                                                                 |   |             | 225    |   |   |   | 298 |   |   |   | (73 | ) |   |   | (24.5 | %) |
| Interest expense                                                                 |   |             | (36    | ) |   |   | (42 | ) |   |   | (6 | ) |   |   | (14.3 | %) |
| Other income (expense)                                                           |   |             | (3     | ) |   |   | (6 | ) |   |   | 3 |   |   |   | 50.0 | % |
| Income before income taxes                                                       |   |             | 186    |   |   |   | 250 |   |   |   | (64 | ) |   |   | (25.6 | %) |
| Income tax expense                                                               |   |             | (39    | ) |   |   | (81 | ) |   |   | (42 | ) |   |   | (51.9 | %) |
| Net income (loss) including noncontrolling interests                        |   |             | 147    |   |   |   | 169 |   |   |   | (22 | ) |   |   | (13.0 | %) |
| Noncontrolling interests in income of consolidated subsidiaries, net of tax |   |             | (32    | ) |   |   | (30 | ) |   |   | 2 |   |   |   | 6.7 | % |
| Net income (loss) attributable to URS                                            |   | $                | 115    |   |   | $ | 139 |   |   | $ | (24 | ) |   |   | (17.3 | %) |
|                                                                             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted earnings (loss) per share                                                |   | $                | 1.63   |   |   | $ | 1.87 |   |   | $ | (0.24 | ) |   |   | (12.8 | %) |

----

| (In millions, except percentages)   |   | Infrastructure & Environment |   |   | Federal Services |   |   | Energy & Construction |   |   | Oil & Gas |   |   | Eliminations |   |   | Total  |   |
|-------------------------------------|--------|----------------------------------|--------|--------|------------------|--------|--------|---------------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|--------|--------|
| Six months ended                    |   |                             |   |   |             |   |   |                      |   |   |          |   |   |         |   |   |   |   |
|                                |   |                             |   |   |             |   |   |                      |   |   |          |   |   |         |   |   |   |   |
| July 4, 2014                        |   | $                                | 1,674  |   |             | $      | 1,377  |                      |   | $      | 1,106         |   |   | $            | 977    |   |   | $      | (42 | ) |   | $ | 5,092 |   |
| June 28, 2013                       |   |                             | 1,845  |   |             |   | 1,697  |                      |   |   | 1,179         |   |   |         | 967    |   |   |   | (93 | ) |   |   | 5,595 |   |
| Increase (decrease)                 |   |                             | (171   | )      |             |   | (320   | )                         |   |   | (73           | )      |   |         | 10     |   |   |   | (51 | ) |   |   | (503 | ) |
| Percentage increase (decrease) |   |                             | (9.3   | %)     |             |   | (18.9  | %)                        |   |   | (6.2          | %)     |   |         | 1.0    | %      |   |   | (54.8 | %) |   |   | (9.0 | %) |

----

| (In millions, except percentages)   |   | Infrastructure & Environment |   |   | Federal Services |   |   | Energy & Construction |   |   | Oil & Gas |   |   | Eliminations |   |   | Total  |   |
|-------------------------------------|--------|----------------------------------|--------|--------|------------------|--------|--------|---------------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|--------|--------|
| Six months ended                    |   |                             |   |   |             |   |   |                      |   |   |          |   |   |         |   |   |   |   |
|                                |   |                             |   |   |             |   |   |                      |   |   |          |   |   |         |   |   |   |   |
| July 4, 2014                        |   | $                                | (1,588 | )      |             | $      | (1,260 | )                         |   | $      | (1,086        | )      |   | $            | (962   | )      |   | $      | 42 |   |   | $ | (4,854 | ) |
| June 28, 2013                       |   |                             | (1,746 | )      |             |   | (1,529 | )                         |   |   | (1,150        | )      |   |         | (961   | )      |   |   | 93 |   |   |   | (5,293 | ) |
| Increase (decrease)                 |   |                             | (158   | )      |             |   | (269   | )                         |   |   | (64           | )      |   |         | 1      |   |   |   | (51 | ) |   |   | (439 | ) |
| Percentage increase (decrease) |   |                             | (9.0   | %)     |             |   | (17.6  | %)                        |   |   | (5.6          | %)     |   |         | 0.1    | %      |   |   | (54.8 | %) |   |   | (8.3 | %) |

| (In millions, except percentages) |   | Infrastructure & Environment |   |   | Federal Services |   |   | Energy & Construction |   |   | Oil & Gas |   |   | Corporate |   |   | Total  |   |
|----------------------------------------|--------|----------------------------------|--------|--------|------------------|--------|--------|---------------------------|--------|--------|---------------|--------|--------|-----------|--------|--------|--------|--------|
| Six months ended                       |   |                             |   |   |             |   |   |                      |   |   |          |   |   |      |   |   |   |   |
|                                   |   |                             |   |   |             |   |   |                      |   |   |          |   |   |      |   |   |   |   |
| July 4, 2014                           |   | $                                | 87     |   |             | $      | 152    |                      |   | $      | 22            |   |   | $         | 13     |   |   | $      | (49 | ) |   | $ | 225 |   |
| June 28, 2013                          |   |                             | 100    |   |             |   | 204    |                      |   |   | 33            |   |   |      | 7      |   |   |   | (46 | ) |   |   | 298 |   |
| Increase (decrease)                    |   |                             | (13    | )      |             |   | (52    | )                         |   |   | (11           | )      |   |      | 6      |   |   |   | 3 |   |   |   | (73 | ) |
| Percentage increase (decrease)    |   |                             | (13.0  | %)     |             |   | (25.5  | %)                        |   |   | (33.3         | %)     |   |      | 85.7   | %      |   |   | 6.5 | % |   |   | (24.5 | %) |

----

----

|                                 | Six Months Ended |   |
|--------------------------------------|------------------|--------|
|                                 | July 4,          |   | June 28, |   |
| (In millions)                        | 2014             |   | 2013 |   |
| Cash flows from operating activities |             | $      | 262 |   |   | $ | 90 |   |
| Cash flows from investing activities |             |   | (6 | ) |   |   | (18 | ) |
| Cash flows from financing activities |             |   | (262 | ) |   |   | (145 | ) |

----

----

Item 1 

Note 2, “Adopted and Other Recently Issued Statements of Financial Accounting Standards
Part I – Item 1

----

----

Note 13, “Commitments and Contingencies,” 
Condensed Consolidated Financial Statements
Part 1 – Item 1

----

----

----

|                              |   | (a) Total Number of Shares Purchased (1,2)         |    | (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 (2) |    |
|-----------------------------------|--------|----------------------------------------------------|---------|----------------------------------|--------|--------|------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------|---------|
|                              |   |                                               |    |                             |   |   |                                                                                     |   |   |                                                                                   |    |   |
|                              |   | (In millions, except average price paid per share) |    |
|                              |   |                                               |    |                             |   |   |                                                                                     |   |   |                                                                                   |    |   |
| April 5, 2014 – May 2, 2014 |   |                                               | — |                             |   | $      | —                                                                                  |   |   |                                                                                   | — |   |   |   | 6.3 |   |
| May 3, 2014 – May 30, 2014  |   |                                               | — |                             |   |   | —                                                                                  |   |   |                                                                                   | — |   |   |   | 6.3 |   |
| May 31, 2014 – July 4, 2014 |   |                                               | — | †                          |   |   | 45.20                                                                                    |   |   |                                                                                   | — |   |   |   | 6.3 |   |
| Total                             |   |                                               | — |                             |   |   |                                                                                     |   |   |                                                                                   | — |   |   |   |   |   |

|   | † | Represents less than half a million shares. |
|--------|---------|---------------------------------------------|

| (1)   | Reflects purchases of shares previously issued pursuant to awards issued under our equity 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)   | For fiscal years 2012 and 2013, the number of shares authorized for repurchase under the repurchase program was 3.0 million shares, plus the number of shares equal to the difference between the number of shares authorized to be repurchased in the prior year and the actual number of shares repurchased during the prior year, not to exceed 6.0 million shares in aggregate. In February 2014, our Board of Directors approved a modification of our stock repurchase program to allow for the repurchase of up to 12.0 million shares of our common stock in fiscal year 2014. The Board of Directors may modify, suspend, extend or terminate the program at any time. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| a)   | Exhibits |
|----------------|----------|

|    |   |                                                                                                                                                               |   | Incorporated by Reference(Exchange Act Filings Located atFile No. 011-07567) |   |    |
|---------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|---------|
| Exhibit |   |                                                                                                                                                               |   |                                                                         |   |    |   | Filing |   | Filed |
| Number  |   | Exhibit Description                                                                                                                                                |   | Form                                                                         |   | Exhibit |   | Date |   | Herewith |
| 2.1     |   | Agreement and Plan of Merger, dated as of July 11, 2014, by and among URS Corporation, AECOM Technology Corporation, ACM Mountain I, LLC and ACM Mountain II, LLC. |   | 8-K                                                                          |   | 2.1     |   | 7/14/2014 |   |   |
| 3.1     |   | Restated Certificate of Incorporation of URS Corporation, as filed with the Secretary of State of Delaware on September 9, 2008.                              |   | 8-K                                                                          |   | 3.01    |   | 9/11/2008 |   |   |
| 3.2     |   | Bylaws of URS Corporation as amended on February 20, 2014.                                                                                                         |   | 10-K                                                                         |   | 3.2     |   | 3/3/2014 |   |   |
| 10.1*   |   | Letter Agreement between URS Corporation and Martin M. Koffel, dated as of June 2, 2014.                                                                           |   | 8-K                                                                          |   | 99.1    |   | 6/3/2014 |   |   |
| 10.2*   |   | Third Amendment to Employment Agreement between URS Corporation and H. Thomas Hicks, dated as of June 30, 2014.                                                    |   | 8-K                                                                          |   | 99.1    |   | 6/30/2014 |   |   |
| 10.3*   |   | Third Amendment to Employment Agreement between URS Corporation and Gary V. Jandegian, dated as of June 30, 2014.                                                  |   | 8-K                                                                          |   | 99.2    |   | 6/30/2014 |   |   |
| 10.4*   |   | Third Amendment to Employment Agreement between URS Federal Services, Inc. and Randall A. Wotring, dated as of June 30, 2014.                                      |   | 8-K                                                                          |   | 99.3    |   | 6/30/2014 |   |   |
| 10.5*   |   | Seventh Amendment to Employment Agreement between URS Corporation and Joseph Masters, dated as of June 30, 2014.                                                   |   |                                                                         |   |    |   |   |   | X |
| 10.6*   |   | First Amendment to Amended and Restated Employment Agreement between URS E&C Holdings, Inc. and George L. Nash, Jr. dated as of June 30, 2014.                 |   |                                                                         |   |    |   |   |   | X |
| 10.7*   |   | Second Amendment to Employment Agreement between URS Corporation and Thomas W. Bishop, dated as of June 30, 2014.                                                  |   |                                                                         |   |    |   |   |   | X |
| 10.8*   |   | Third Amendment to Employment Agreement between URS Corporation and Reed N. Brimhall, dated as of June 30, 2014.                                                   |   |                                                                         |   |    |   |   |   | X |
| 10.9*   |   | Second Amendment to Amended and Restated Employment Agreement between URS Corporation and Susan B. Kilgannon, dated as of June 30, 2014.                           |   |                                                                         |   |    |   |   |   | X |
| 10.10*  |   | Employment Agreement between URS Corporation and Olga Perkovic, dated as of June 30, 2014.                                                                         |   |                                                                         |   |    |   |   |   | X |
| 10.11*  |   | Revised Compensatory Arrangement for George L. Nash, Jr.                                                                                                           |   |                                                                         |   |    |   |   |   | X |
| 10.12*  |   | URS Corporation Restated Incentive Compensation Plan, as amended and restated May 28, 2014.                                                                        |   |                                                                         |   |    |   |   |   |  X |
| 31.1    |   | Certification of URS Corporation’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                        |   |                                                                         |   |    |   |   |   | X |
| 31.2    |   | Certification of URS Corporation’s Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                        |   |                                                                         |   |    |   |   |   | X |
| 32**    |   | Certification of URS Corporation’s Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.            |   |                                                                         |   |    |   |   |   | X |
| 95      |   | Mine Safety Disclosure                                                                                                                                             |   |                                                                         |   |    |   |   |   | X |
| 101.INS |   | XBRL Instance Document.                                                                                                                                            |   |                                                                         |   |    |   |   |   | X |
| 101.SCH |   | XBRL Taxonomy Extension Schema Document.                                                                                                                           |   |                                                                         |   |    |   |   |   | X |
| 101.CAL |   | XBRL Taxonomy Extension Calculation Linkbase Document.                                                                                                             |   |                                                                         |   |    |   |   |   | X |
| 101.LAB |   | XBRL Taxonomy Extension Label Linkbase Document.                                                                                                                   |   |                                                                         |   |    |   |   |   | X |
| 101.PRE |   | XBRL Taxonomy Extension Presentation Linkbase Document.                                                                                                            |   |                                                                         |   |    |   |   |   | X |
| 101.DEF |   | XBRL Taxonomy Extension Definition Linkbase Document.                                                                                                              |   |                                                                         |   |    |   |   |   | X |

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

| * | Represents a management contract or compensatory plan or arrangement. |
|---|-----------------------------------------------------------------------|

| ** | Document has been furnished and not filed and not to be incorporated into any of our filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, irrespective of any general incorporation language included in any such filing. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                              | URS CORPORATION                             |
|-----------------------------------|---------------------------------------------|
|                              |                                        |
| Dated:  August 12, 2014 | /s/ Reed N. Brimhall                        |
|                              | Reed N. Brimhall                            |
|                              | Vice President and Chief Accounting Officer |

----

| Exhibit No. |   | Description                                                                                                                                              |
|-------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.5        |   | Seventh Amendment to Employment Agreement between URS Corporation and Joseph Masters, dated as of June 30, 2014.                                         |
| 10.6        |   | First Amendment to Amended and Restated Employment Agreement between URS E&C Holdings, Inc. and George L. Nash, Jr., dated as of June 30, 2014. |
| 10.7        |   | Second Amendment to Employment Agreement between URS Corporation and Thomas W. Bishop, dated as of June 30, 2014.                                        |
| 10.8        |   | Third Amendment to Employment Agreement between URS Corporation and Reed N. Brimhall, dated as of June 30, 2014.                                         |
| 10.9        |   | Second Amendment to Amended and Restated Employment Agreement between URS Corporation and Susan B. Kilgannon, dated as of June 30, 2014.                 |
| 10.10       |   | Employment Agreement between URS Corporation and Olga Perkovic, dated as of June 30, 2014.                                                               |
| 10.11       |   | Revised Compensatory Arrangement for George L. Nash, Jr.                                                                                                 |
| 10.12       |   | URS Corporation Restated Incentive Compensation Plan, as amended and restated May 28, 2014.                                                         |
| 31.1        |   | Certification of URS Corporation’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                              |
| 31.2        |   | Certification of URS Corporation’s Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                              |
| 32          |   | Certification of URS Corporation’s Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.  |
| 95          |   | Mine Safety Disclosure                                                                                                                                   |
| 101.INS     |   | XBRL Instance Document.                                                                                                                                  |
| 101.SCH     |   | XBRL Taxonomy Extension Schema Document.                                                                                                                 |
| 101.CAL     |   | XBRL Taxonomy Extension Calculation Linkbase Document.                                                                                                   |
| 101.LAB     |   | XBRL Taxonomy Extension Label Linkbase Document.                                                                                                         |
| 101.PRE     |   | XBRL Taxonomy Extension Presentation Linkbase Document.                                                                                                  |
| 101.DEF     |   | XBRL Taxonomy Extension Definition Linkbase Document.                                                                                                    |

----