Document:

<Page>

                                                                    Exhibit 10.6

                          AGREEMENT FOR CONSULTING AND
                              PROFESSIONAL SERVICES
                                      AMONG
                                RAYTHEON COMPANY,
                        RAYTHEON ENGINEERS & CONSTRUCTORS
                               INTERNATIONAL, INC.
                                       AND
                      WASHINGTON GROUP INTERNATIONAL, INC.

      THIS AGREEMENT ("AGREEMENT") for Consulting and Professional Services
(together with the Attachments hereto) is dated and effective as of January 23,
2002 (the "EFFECTIVE DATE"), and is hereby made and entered into by and among
RAYTHEON COMPANY, a Delaware corporation ("RAYTHEON"), RAYTHEON ENGINEERS &
CONSTRUCTORS INTERNATIONAL, INC., a Delaware corporation ("RECI" and
collectively with Raytheon, "CLIENT"), each having a place of business located
at 141 Spring Street, Lexington, Massachusetts 02421, and WASHINGTON GROUP
INTERNATIONAL, INC., an Ohio corporation (hereinafter "CONSULTANT" or
"WASHINGTON") having a place of business located at 510 Carnegie Center,
Princeton, New Jersey 08540.

      WHEREAS, on May 14, 2001, Consultant and its ultimate corporate parent,
Washington Group International, Inc., a Delaware corporation ("WGI DELAWARE"),
filed voluntary bankruptcy petitions (the "BANKRUPTCY FILING") in the United
States Bankruptcy Court (the "BANKRUPTCY COURT") for the District of Nevada;

      WHEREAS, Client and WGI Delaware and certain of their subsidiaries have
entered into that certain Settlement Agreement dated as of January 23, 2002 (the
"SETTLEMENT AGREEMENT"), pursuant to which the parties thereto have agreed to
resolve certain outstanding claims;

      WHEREAS, pursuant to the Settlement Agreement, the parties hereto agreed
to enter into this Agreement;

      WHEREAS, pursuant to that certain Agreement For Consulting And
Professional Services between Raytheon and Consultant, dated as of March 20,
2001 (as amended to date, the "SITHE SERVICES AGREEMENT"), Raytheon and
Consultant entered into certain arrangements with respect to which Consultant
has provided and will continue to provide certain services relating to two
projects located in Massachusetts, known as the "Sithe Mystic" and Sithe Fore
River" projects;

      WHEREAS, pursuant to that certain Project Completion Agreement, dated as
of November 16, 2001 (the "RED OAK PCA"), between Raytheon and the Consultant,
Consultant agreed to provide certain services in connection with the Red Oak
project located in Red Oak, New Jersey;

      WHEREAS, pursuant to (i) that certain Project Completion Agreement, dated
as of November 16, 2001 (the "ILIJAN SUPPLY PCA", between Raytheon, Mitsubishi
Corporation and a subsidiary of Consultant, United Engineers International, Inc.
("UEI"), and (ii) that certain Project Completion Agreement, dated as of
November 16, 2001 (the "ILIJAN CONSTRUCTION PCA" and together with the Ilijan
Supply PCA, the "ILIJAN PCAS"), between Raytheon, Mitsubishi Corporation and a
subsidiary of Consultant, Raytheon Ebasco Overseas Limited ("REOL"), UEI and
REOL agreed to provide certain services to Raytheon in connection with the
Ilijan project located in the Philippines;

                                      -1-
<Page>

      WHEREAS, pursuant to a letter agreement, dated January 9, 2001 ("PUERTO
PLATA AGREEMENT"), among WGI Delaware, Raytheon and Lexington Insurance relating
to the Puerto Plata project, WGI Delaware and certain of its Affiliates are
performing certain work relating to the SD boiler;

      WHEREAS, Client or its affiliates have provided letters of credit,
corporate guarantees, or surety bonds (collectively, "SUPPORT AGREEMENTS") in
connection with a number of projects, including the Saltend, Damhead, Jindal,
Posven, Ratchaburi, Tallahassee, Acme, Ezhou, Egypt Electric, NACIC and Clear
Alaska projects described in ANNEX A-1; these projects and any other project
with respect to which (i) Client has provided Support Agreements and (ii)
Consultant or WGI Delaware or another one of their respective subsidiaries
(collectively referred to as "AFFILIATES" of Consultant) has rejected contracts
as part of the Bankruptcy Filing, is referred to herein as a "PROJECT"; however,
the term "Project" as used in this Agreement does not include the Ilijan, Red
Oak, Sithe Mystic, Sithe Fore River or Puerto Plata projects, as those are the
subject of separate arrangements between Consultant and its Affiliates and
Client, and does not include any project that was being performed by Washington
International B.V., including those described in ANNEX A-2 hereto;

      WHEREAS, Client wishes to retain Consultant to perform certain services
from time to time as requested by Client;

      WHEREAS, Washington is willing to undertake the performance of such
services only as provided for in the terms and conditions of this Agreement.

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein set forth, the parties agree as follows:

1.    DEFINED TERMS

      Capitalized terms used without definition in this Agreement have the
meanings given to such terms in the Settlement Agreement.

      In addition, as used in this Agreement, the following terms have the
following meanings:

      "ACCRUED COSTS" means any Labor Costs, Out-of-Pocket Costs or Taxes
payable to Consultant pursuant hereto which have not been paid by Client.

      "ALLOWABLE COSTS" means any current Labor Costs, Out-of-Pocket Costs, and
Taxes, and any Accrued Costs, that are required to be paid to Consultant
hereunder. Unless otherwise specified in any applicable Work Order, for purposes
of determining Allowable Costs, any personnel assigned to overseas Projects will
charge for all of their time spent during their overseas deployment to the
applicable Project, unless they actually work on other matters not subject to
this Agreement.

      "LABOR COSTS" means the labor costs, including general and administrative
costs, incurred by Consultant with respect to any Completion Services pursuant
hereto, and calculated in accordance with the rates and charges referred to in
Section 12(a).

      "OUT-OF-POCKET COSTS" means the out-of-pocket costs, including payments to
vendors and subcontractors, incurred by Consultant with respect to any
Completion Services pursuant hereto, and calculated in accordance with the rates
and charges referred to in Section 12(a), but excluding costs of

                                       2
<Page>

vendors and subcontractors that Client will retain directly and pay directly, as
set forth in the applicable Work Order.

      "PARTIES" means the Client and the Consultant.

      "RAYTHEON PARTIES" means the Client and their subsidiaries and affiliates.

      "SEPARATE AGREEMENTS" means the Sithe Services Agreement, the Red Oak PCA,
the Ilijan PCAs and the Puerto Plata Agreement.

      "SEPARATE PROJECTS" means the Sithe Mystic, Sithe Fore River, Red Oak,
Ilijan and Puerto Plata projects.

      "TAX AGREEMENT" means the Disaffiliation Tax Sharing Agreement, dated as
of April 14, 2000, between Raytheon and WGI Delaware.

      "TAXES" means any taxes estimated to be levied, collected, assessed or
imposed by any government or government agency in connection with Consultant's
performance of the Completion Services, including, without limitation, any gross
receipts, franchise, sales, use, registration, excise, stamp, occupation,
license and other taxes, levies, imposts, duties, charges, fees, deductions or
withholdings of whatever nature (including, interest, penalties, or additions to
tax in respect of the foregoing, where (i) Client has failed to pay any of the
foregoing or (ii) Client has failed to timely provide advance funding requested
by Consultant, and Consultant is required to pay the foregoing, in accordance
with the terms of this Agreement), and including, unless otherwise specified in
an applicable Work Order, the cost of tax equalization of Consultant's employees
(but not including the income taxes of Consultant or its employees) payable by
Consultant in connection with the performance of its obligations hereunder.

      "WGI PARTIES" means the Consultant and its subsidiaries and affiliates.

      "WORK ORDER" has the meaning set forth in Section 2(d) of this Agreement.

      In addition, the following terms as used in this Agreement are defined
elsewhere in this Agreement in the sections noted below:

<Table>
<Caption>
                    DEFINED TERMS         SECTION WHERE DEFINED
                    -------------         ---------------------
<S>                                       <C>
             AAA                          18(b)(i)
             Affiliates                   Preamble
             Bankruptcy Court             Preamble
             Bankruptcy Filing            Preamble
             Client                       Preamble
             Completion Services          2(a)
             Consultant                   Preamble
             Effective Date               Preamble
             Fee                          12(a)
             Ilijan Construction PCA      Preamble
             Ilijan PCAs                  Preamble
             Ilijan Supply PCAs           Preamble
             Indemnitees                  6(b)
             Losses                       4(a)
</Table>

                                       3

<Page>

<Table>
<S>                                       <C>
             Partial Termination          15(c)
             Project                      Preamble
             Project Agreements           2(a)
             Project Liaisons             17(a)
             Puerto Plata Agreement       Preamble
             Raytheon                     Preamble
             RECI                         Preamble
             Red Oak PCA                  Preamble
             REOL                         Preamble
             Replacement Contractor       2(g)
             Routine Close-Out Services   2(a)
             Settlement Agreement         Preamble
             Sithe Services Agreement     Preamble
             Specified Obligations        3(a)
             Support Agreements           Preamble
             UEI                          Preamble
             Washington                   Preamble
             WGI Delaware                 Preamble
             WGI Guaranty                 19
             Work Order                   2(d)
             Work Order Liaisons          2(d)
</Table>

2.    SERVICES TO BE RENDERED

      a)    Consultant agrees to provide personnel under the direction of Client
            to undertake and perform certain services as and to the extent
            requested by Client from time to time in accordance with the terms
            and conditions herein.  The services will generally include services
            to complete all or some of the former obligations of Consultant and
            its Affiliates to third parties under the rejected contracts
            relating to  the Projects ("COMPLETION SERVICES"), including (i)
            completion of physical work required and (ii) any routine project
            close-out activities such as obtaining final payments, resolving
            commercial issues and disputes with clients, subcontractors and
            vendors, confirming warranty completion, closing out contracts and
            subcontracts and obtaining final releases, and making foreign
            statutory filings, but excluding providing any support in connection
            with any litigation or arbitration except as provided in Section
            4(b) (with the Completion Services referred to in clause (ii)
            sometimes referred to as "ROUTINE CLOSE-OUT SERVICES").  For the
            avoidance of doubt, Consultant shall not be responsible under this
            Agreement for any performance guarantees, emissions guarantees,
            schedule guarantees, and any other guarantee or warranty set forth
            in the engineering, procurement and/or construction or other
            agreements relating to the applicable Project (the "PROJECT
            AGREEMENTS").

      b)    The Completion Services to be performed shall be generally as
            described in SCHEDULE 2(b) attached hereto. From time to time,
            Client and Consultant may modify or expand the Completion Services
            by a mutually agreed upon written amendment to this Agreement.
            Consultant will perform the Completion Services under Client's
            direction and control as more fully described in a Work Order
            (defined below) for each Project.

      c)    The Completion Services will be performed by the employees of
            Consultant and its Affiliates selected by Consultant and approved by
            Client in advance. To the extent commercially

                                       4
<Page>

            practicable Consultant will furnish employees to provide Completion
            Services that have prior experience and knowledge with respect to
            the applicable Project.  Notwithstanding the provisions of this
            Section 2, Consultant personnel shall not be required to provide any
            Completion Services in Pakistan or other foreign country in
            connection with any Project unless (i) Consultant is reasonably
            satisfied regarding safety and security in Pakistan or such other
            foreign country, and (ii) in the case of Pakistan only, Consultant
            is satisfied, in its sole and absolute discretion, regarding its
            exposure to legal liability to judgments or other legal process.  In
            the event that Consultant is not reasonably satisfied regarding
            safety and security in Pakistan or such other foreign country,
            Consultant shall notify Client of such concerns, and the parties
            shall meet to discuss such concerns, and to, in good faith, enter
            into an alternative arrangements.

      d)    In the event that Client requests Consultant to provide Completion
            Services with respect to a Project, Client will notify Consultant of
            the initial scope of Completion Services requested and the parties
            will meet (either in person or by conference call) to discuss the
            Completion Services to be provided and the appropriate staffing for
            the Completion Services. Within one week after such meeting, Client
            and Consultant will prepare and agree upon a work order that refers
            to this Agreement and describes the initial scope of Completion
            Services to be provided with respect to the Project and the initial
            staffing (a "WORK ORDER").  The Work Order for any Project will also
            designate the principal contacts for either party with respect to
            such Project (the "WORK ORDER LIAISONS").  Unless otherwise agreed
            by the Client and the Consultant, each Work Order shall generally be
            in the form of SCHEDULE 2(d).  On any Project the applicable Work
            Order shall set forth all budget requirements (including the
            requirement for any periodic estimates), staffing plans, schedule
            estimates, payment terms, funding mechanics and reconciliation
            procedures to be applied on such Project, in the event the budget,
            payment and reconciliation procedures will be different from those
            set forth in Section 12(b).  In the case of any conflict between the
            terms of any Work Order and the general terms contained herein, the
            terms of any Work Order shall control.

      e)    The Completion Services also shall include provision of craft labor
            for each Project from time to time as requested by Client and as
            agreed to by the Parties in a Work Order. Such craft labor is
            excluded from the requirements of Section 2(c) above but any hiring
            of craft labor is subject to the prior approval of Client. Craft
            labor will be reimbursed at cost including all applicable fringe
            benefits, payroll taxes and insurance.

      f)    Notwithstanding anything else to the contrary in this Agreement,
            Consultant shall recommend to Client, and the applicable Work Order
            shall reflect, the employees and number and type of craft labor
            necessary to perform Completion Services. Client shall be solely
            responsible for determining such level of effort necessary to
            perform the Completion Services in accordance with the related Work
            Order.

      g)    In the event that Client terminates Consultant's services with
            respect to any Project, Client shall not solicit for employment any
            of the employees identified in the applicable Work Order as
            providing Completion Services for such Project, and Client shall use
            commercially reasonable efforts to cause any proposed contractor
            retained to replace Consultant (a "REPLACEMENT CONTRACTOR") to
            similarly not solicit such employees for the period beginning upon
            the date of this Agreement and, (i) in the case of a termination
            where such termination follows Consultant's receipt of a notice of
            and failure to timely cure or commence and continue reasonable

                                       5
<Page>

            efforts to timely cure any condition or event which in the
            reasonable judgment of Client is likely to cause a material delay in
            the applicable Project schedule or cause any category of costs in
            the applicable Project budget to be materially exceeded or
            materially adversely affect the execution of the Completion
            Services, ending upon the date five (5) days from such notice, and
            (ii) in the case of any other termination, ending upon the date 120
            days from the notice of such termination.

      h)    In the event that because a particular Project had been previously
            performed by an Affiliate of Consultant or for any other reason, in
            order to effectuate the intent of this Agreement performance of any
            obligations of Consultant under this Agreement are required to be
            performed by any of Consultant's Affiliates, the Consultant will
            cause such Affiliate to perform the applicable obligations under
            this Agreement, and the Client will accept performance by such
            Affiliate.  The Parties will describe in the applicable Work Order
            whether or not performance by an Affiliate of Consultant is
            anticipated to be required.

3.    RESPONSIBILITY FOR COMPLETION SERVICES

      a)    Consultant warrants to perform the Completion Services in accordance
            with that degree of care and skill ordinarily exercised by members
            of the engineering and construction profession existing as of the
            date  this Agreement became effective and in accordance with the
            performance standards that previously applied to the performance by
            Consultant and its Affiliates of their obligations under the
            applicable Project Agreements, which shall be set forth in each Work
            Order (in each case the "SPECIFIED OBLIGATIONS"); PROVIDED, HOWEVER,
            that the only remedy hereunder and Consultant's only liability,
            unless Consultant or one of its Affiliates has performed with
            willful misconduct or gross negligence, for the failure by
            Consultant or one of its Affiliates to perform in accordance with
            the Specified Obligations shall be, at Client's option, (i)
            termination pursuant to this Agreement or (ii) Consultant or one of
            its Affiliates shall re-perform all non-complying work on a
            cost-reimbursable basis, in accordance with the terms and conditions
            hereof; PROVIDED, HOWEVER, no Fee or profit of any kind shall be
            payable by Client with respect to such re-performance work.
            Notwithstanding the foregoing, Consultant or one of its Affiliates
            shall not be responsible under this Agreement for any performance
            guarantees, emissions guarantees, schedule guarantees, and any other
            guarantee or warranty set forth in any Project Agreements.

      b)    Because Consultant and its Affiliates and their employees are under
            Client's direction and control, Consultant and its directors,
            officers, employees, agents and Affiliates shall have no liability
            to Client or to third parties for injuries or alleged injuries to
            persons (including death), or for damages or alleged damages to
            property, including Client's property and any Project owner's
            property, arising out of or in connection with these Completion
            Services, except to the extent arising out of Consultant's or one of
            its Affiliate's gross negligence or willful misconduct.

4.    CONSULTANT'S ADDITIONAL OBLIGATIONS.

      a)    CONSULTANT'S INDEMNITY.  In performing its obligations under this
            Agreement, Consultant shall be responsible for, and shall indemnify,
            defend and hold Client and its subsidiaries and all directors,
            officers, employees and/or agents of the foregoing harmless against,
            any and all claims, liabilities, expenses, damages, losses, costs,
            judgments, demands and suits (including reasonable attorneys' fees)
            ("LOSSES") arising from the gross negligence or willful misconduct
            of Consultant or its Affiliates in the performance or nonperformance
            of

                                       6
<Page>

            Consultant's  obligations under this Agreement; PROVIDED, HOWEVER,
            that in any case in which Consultant  uses commercially reasonable
            efforts to perform and comply with its obligations hereunder and
            takes all reasonable steps to abide by the directions of Client and
            the terms of this Agreement, Consultant and its Affiliates shall be
            deemed not to have breached such obligations.

      b)    CLAIMS SUPPORT.  To the extent requested by Client for a particular
            Project, as part of the Completion Services, Consultant shall use
            commercially reasonable efforts to diligently pursue, settle,
            investigate, negotiate (or, as necessary, defend) change orders and
            claims for equitable adjustment and other claims relating to the
            performance of Completion Services pursuant to this Agreement with
            respect to that Project, including any claims for warranty or for
            non-complying work or delivery, against the Project owner,
            customers, suppliers, subcontractors, vendors and non-contract
            parties (collectively, "PROJECT COMPLETION CLAIMS"), other than
            those Project Completion Claims that Consultant reasonably believes
            are not commercially reasonable (and in the case of defending
            Project Completion Claims, that Consultant reasonably believes are
            not commercially reasonable to defend); PROVIDED THAT Consultant
            shall not be required to litigate, arbitrate or assume the defense
            of any Project Completion Claim in its own name, although the
            Consultant acknowledges that it may be sued in its own name and will
            be required to litigate such claim, in its own name, subject to
            Client's obligations to indemnify Consultant as provided in Section
            6 hereof.  For the avoidance of doubt, the Consultant and Client
            acknowledge that any claims relating to the Projects but not
            relating to the performance of Completion Services pursuant to this
            Agreement or not constituting part of the Routine Close-Out
            Services, including without limitation the resolution in the
            Bankruptcy Court of claims asserted by third parties as unsecured
            claims in connection with the Bankruptcy Filing, shall not be
            pursued or defended pursuant to the terms of this Agreement, but
            shall be subject to the terms set forth in the Settlement Agreement.
             Consultant's pursuit or defense, if any, of Project Completion
            Claims shall be at the direction and under the control of Client.
            Consultant shall use commercially reasonable efforts to assist
            Client in pursuing, litigating, arbitrating or defending against any
            Project Completion Claims, and Client shall take the lead role in
            such process.  In the event that Consultant reasonably believes such
            Project Completion Claims are not commercially reasonable, or that
            the defense of such Project Completion Claims is not commercially
            reasonable, and Client wishes to pursue or defend such Project
            Completion Claim, Consultant agrees to provide, diligently and in
            good faith, all documentation, information, access, and access to
            (but not use of) personnel requested by Client.  Without limiting
            the generality of the foregoing, it shall be deemed reasonable for
            Client to request to meet with witnesses in advance of any testimony
            they may be asked or required to give at a deposition or hearing of
            any sort relating to Project Completion Claims and to have the
            witnesses furnished by Consultant travel to the location of any
            hearing

      c)    GOOD STANDING. Consultant shall maintain its existence and good
            standing and the existence and good standing of any Affiliate
            performing Completion Services, until performance is completed.

      d)    PERMITS AND LICENSES. Consultant shall maintain the existence and
            effectiveness of all permits necessary for performance by Consultant
            or its Affiliates of any Completion Services hereunder, and such
            maintenance shall constitute part of the Completion Services to be
            performed by Consultant under this Agreement.

5.    WARRANTY EXCLUSION

                                       7
<Page>

      a)    Consultant's sole liability to Client for any Completion Services
            that fail to meet the standard set forth in Section 3(a) or set
            forth in any Work Order and that do not constitute gross negligence
            or willful misconduct, shall be to reperform the non-conforming
            Completion Services, written notice of which must be promptly given
            after discovery by Client to Consultant. Consultant's obligation for
            reperformance of non-conforming Completion Services shall begin at
            Work Order completion, and extend for a term of one (1) year
            thereafter. Any costs of reperformance will be an Allowable Cost
            under this Agreement, but Consultant will not be entitled to any Fee
            for such reperformance. The Consultant's liability for gross
            negligence or willful misconduct is set forth in Section 4(a).

      B)    THE ONLY WARRANTIES MADE BY CONSULTANT ARE THOSE EXPRESSLY
            ENUMERATED IN SECTION 3 ABOVE. ANY OTHER STATEMENTS OF FACT OR
            DESCRIPTIONS EXPRESSED IN THIS AGREEMENT OR ANY ATTACHMENTS HERETO
            SHALL NOT BE DEEMED TO CONSTITUTE A WARRANTY OF THE COMPLETION
            SERVICES OR ANY PART THEREOF. THE WARRANTIES SET FORTH IN SECTION 3
            A) ABOVE ARE EXCLUSIVE AND IN LIEU OF ANY AND ALL OTHER WARRANTIES,
            WHETHER STATUTORY, EXPRESS, OR IMPLIED (INCLUDING BUT NOT LIMITED TO
            ANY AND ALL WARRANTIES OF MERCHANTABILITY AND/OR FITNESS FOR ANY
            PARTICULAR PURPOSE(S) AND ANY AND ALL WARRANTIES ARISING FROM COURSE
            OF DEALING AND/OR USAGE OF TRADE). THE REMEDIES PROVIDED IN SECTION
            5(a) ABOVE ARE CLIENT'S SOLE AND EXCLUSIVE REMEDIES FOR ANY FAILURE
            OF CONSULTANT TO COMPLY WITH THE WARRANTIES IN SECTION (3a) AND ARE
            EXPRESSLY IN LIEU OF ANY AND ALL OTHER WARRANTIES OF ANY KIND
            WHATSOEVER, AS STATED ABOVE. EXCEPT AS PROVIDED IN SECTION 4(a) WITH
            RESPECT TO GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, CORRECTION OF ANY
            NONCONFORMITY IN COMPLETION SERVICES IN THE MANNER AND FOR THE
            PERIOD OF TIME PROVIDED ABOVE SHALL CONSTITUTE COMPLETE FULFILLMENT
            OF ALL THE LIABILITIES AND WARRANTIES OF CONSULTANT FOR ANY AND ALL
            DEFECTIVE OR NONCONFORMING COMPLETION SERVICES WHETHER THE CLAIMS OF
            CLIENT ARE BASED UPON CONTRACT, TORT (INCLUDING BUT NOT LIMITED TO
            NEGLIGENCE AND STRICT LIABILITY), ERRORS OR OMISSIONS, WARRANTIES,
            INDEMNITY OR OTHERWISE WITH RESPECT TO OR ARISING OUT OF ANY
            COMPLETION SERVICES PERFORMED HEREUNDER.

6.    QUALITY ASSURANCE; INDEMNITY BY CLIENT

      a)    Performance by Consultant of any quality assurance, vendor
            assurance, project management, construction management, or other
            third party oversight or advisory services shall in no way
            constitute an assumption by Consultant, or by any of its suppliers
            or subcontractors of any tier, of, or relieve a Client or its
            consultants or suppliers from, any responsibility for delivery of
            any services, materials, equipment and documentation in strict
            accordance with the requirements of the consultant, manufacturer, or
            supplier/Client contract.

      b)    Client agrees to indemnify, defend and hold harmless Consultant and
            its Affiliates and any and all directors, officers, employees and/or
            agents of the foregoing (collectively, the "INDEMNITEES") from and
            against any and all Losses of any kind and nature whatsoever,
            arising from the Consultant's performance of this Agreement.

      c)    Notwithstanding paragraph (b) above, or any provision to the
            contrary contained herein, Client shall not indemnify, hold
            harmless, or defend the Indemnitees with regard to Losses of any
            kind or nature whatsoever to the proportionate extent that such
            Losses:

                                       8
<Page>

            (i)   arise from any Indemnitee's breach of this Agreement, other
                  than any breach of the Specified Obligations or other failure
                  to perform any Completion Services in the manner required by
                  this Agreement that does not arise from any Indemnitee's gross
                  negligence or willful misconduct;

            (ii)  arise from any Indemnitee's gross negligence or willful
                  misconduct;

            (iii) are covered by the collected proceeds of any insurance policy
                  covering the applicable Project, to the extent of such
                  proceeds;

            (iv)  are the responsibility of WGI Delaware under the WGI Guaranty;
                  or

            (v)   arise under or relate to the prior performance of any of the
                  Project Agreements or any other subcontract, vendor contract
                  or other contract relating to any Project that were rejected
                  by Consultant or any Affiliates and that was asserted or could
                  have been asserted as a claim (as defined in Section 101(5) of
                  the Bankruptcy Code) against the Debtors, or any of them, as
                  part of the Bankruptcy Case.

      d)    Solely with respect to the Ratchaburi project, the Client shall also
            indemnify Consultant and its affiliates for valid claims of General
            Electric Company and its affiliates (collectively, "GE") for
            payments made and liabilities incurred to vendors and subcontractors
            of Consultant and its affiliates after May 14, 2001 and prior to the
            date of this Agreement as a result of the non-performance by
            Consultant and its affiliates during this period.

7.    FORCE MAJEURE

      Any delay or failure of Consultant in performing its required obligations
      hereunder shall be excused if and to the extent it is caused by a Force
      Majeure event. A "Force Majeure" event shall mean an event due to any
      cause or causes beyond the reasonable control of Consultant and shall
      include, but not be limited to, acts or orders of any governmental body or
      changes in laws or government regulations or interpretations or
      application thereof, acts or omissions of Client or its other consultants,
      acts of God, war, riot, fire, flood, explosion, hurricane, tornado,
      epidemic, earthquake, transportation accidents, terrorism, sabotage or
      strikes. In such event, the time for performance hereunder shall be
      extended for a period of time sufficient to overcome the effects of such
      delay, and Consultant's compensation shall be equitably adjusted to
      reflect any increased costs of performance of the Completion Services.

8.    INSURANCE

      a)    Upon Client's written request, Consultant shall effect and maintain
            insurance with the following limits:

            (i)   Workers' compensation for statutory limits in compliance with
                  the applicable state and federal laws and employers' liability
                  with a limit of $2,000,000.

            (ii)  Comprehensive general liability including products/completed
                  operations, contractual coverage for the indemnification
                  provisions set forth in Section 4(a)

                                       9
<Page>

                  and broad form property damage with the limits of $5,000,000
                  any occurrence and in the aggregate, combined for bodily and
                  personal injury and property damage.

            (iii) Automobile liability including owned, non-owned, and leased
                  automobiles with the limits of $5,000,000 any one occurrence
                  and in the aggregate, combined single limit for bodily injury
                  and property damage.

            (iv)  Professional liability with a limit of $10,000,000 and a
                  deductible or self insured retention of $2,000,000 for any one
                  occurrence and in the aggregate.

      b)    If requested by Client, Consultant shall furnish to Client
            certificates of insurance signed by the insurers, indicating that
            policies with respect to the aforementioned insurance have been
            issued and that such policies contain provisions regarding prior
            notification of cancellation.

      c)    Consultant and Client each waive all rights of recovery against a
            loss occurring to property of the other, to the extent that such
            waivers do not invalidate the property insurance of either.

      d)    In the event Client makes a claim against Consultant covered by the
            professional liability insurance coverage, Client shall receive any
            proceeds resulting from such claim net of the deductible or self
            insured retention by Consultant or its Affiliates.

      e)    To the extent permitted under the applicable Project Agreements,
            Client and Consultant agree that any insurance coverage provided by
            the project owners under the Project Agreements shall be primary,
            and that insurance provided by Consultant shall be excess and
            non-contributory.

      f)    Client and Consultant also agree to review any insurance coverage
            provided by project owners under the applicable Project Agreements
            so that the coverages required to be maintained in Section 8(a) may
            be reduced and the resultant cost can be reduced, each at the mutual
            agreement of Client and Consultant.

9.    WAIVER OF CONSEQUENTIAL DAMAGES

      As it relates to performance of Completion Services under this Agreement,
      neither Consultant nor Client nor their respective employees, officers,
      directors, affiliates, consultants, agents and subcontractors or suppliers
      of any tier, if any, shall be liable for any special, indirect, punitive,
      exemplary, incidental, or consequential damages of any nature, including,
      without limitation, any loss of actual or anticipated profits or revenues,
      loss by reason of shutdown, operation, non-operation, or increased expense
      of operation, loss of use, cost of capital, cost of replacement power and
      any other loss due to power outages, damage to or loss of property or
      equipment of Client or project owners, or claims of customers of Client or
      project owners, regardless of whether due to or based upon delay,
      contract, warranty, tort, negligence, strict liability, error or omission,
      indemnity or otherwise.

10.   HAZARDOUS SUBSTANCE

      a)    Consultant shall not be liable or responsible for any hazardous
            waste, toxic substance, pollution or contamination that (i)
            Consultant does not introduce into or onto a Project site in a
            manner that violates this Agreement or the applicable Work Order;
            and (ii) that is not used,

                                       10
<Page>

            generated, treated or handled by Consultant, at any time, on the
            Project site(s) in a manner that violates this Agreement or the
            applicable Work Order.

      b)    Consultant shall not introduce any hazardous waste, toxic substance,
            pollution or contamination into any Project site without the prior
            authorization of Client, other than materials, fuels or substances
            used in the ordinary course of performing Client's obligations under
            this Agreement and the applicable Work Order.

      c)    Client shall indemnify Consultant for any direct loss or liability
            sustained by Consultant to the proportionate extent such loss or
            liability is associated with any such hazardous waste, toxic
            substance, pollution or contamination that does not fall within the
            scope of (a)(i) or (a)(ii) above.

11.   CHANGES

      Client may from time to time seek to modify, extend or enlarge the
      Completion Services being performed with respect to a particular Project
      by written instructions to Consultant to perform additional Completion
      Services, modify the schedule or direct the omission of work previously
      ordered. In the event Client requests that Consultant perform additional
      Completion Services, or make other modifications to the Completion
      Services, the existing Work Order will be revised to reflect such changes.
      In no event, however, shall Consultant be obligated to perform such
      additional services or modify or extend such services without prior
      written amendment to an existing Work Order signed by Client and accepted
      in writing by Consultant. In addition, Client may from time to time direct
      Consultant to cease performing one or more of the Completion Services that
      Consultant had been previously performing. Costs associated with the
      Completion Services contemplated prior to the change that had been
      incurred prior to the time the change could reasonably take effect, any
      field demobilization costs required as a result of the termination of work
      or change in scope, and any additional Completion Services requested by
      Client to be performed in connection with such termination of work or
      change in scope, shall all constitute Allowable Costs hereunder to the
      extent incurred in accordance with the rates and charges referred to in
      SCHEDULE 12(a).

12.   PAYMENT TERMS

      a)    WORK ORDERS.  All payment terms shall be as specified in the
            applicable Work Order for any Project.  In general, and unless
            specifically set forth and agreed by Client and Consultant to the
            contrary in this Agreement or such Work Order, Consultant shall be
            paid, in advance, for all Allowable Costs, plus a fee in the amount
            of 7.50% of such Allowable Costs (the "FEE").  Unless otherwise
            provided in the applicable Work Order, Allowable Costs will be
            calculated in accordance with the terms and conditions set forth on
            SCHEDULE 12(a).

      b)    DEFAULT BUDGET; FUNDING; RECONCILIATION. Unless otherwise agreed to
            by the Parties in a Work Order, for any Project for which Consultant
            shall perform any Completion Services:

                  (i) Consultant shall prepare a budget, and semi-monthly
            updates, containing Consultant's reasonable estimate of the
            anticipated costs of performing such services through completion of
            such services, broken down by cost element;

                  (ii) Consultant shall notify Client no less than fourteen (14)
            days in advance of the start of any two week period in which
            services are to be performed of the anticipated Allowable Costs to
            be expended by Consultant for such two week period, and at the
            request

                                       11
<Page>

            of Client, Consultant shall meet and confer with Client regarding
            the amounts to be funded thereby;

                  (iii) no less than (3) business days in advance of such
            two-week period, Client shall wire funds to Consultant for such two
            week period, in an amount not less than the amount requested by
            Client, or the amount agreed to by the Parties after having met and
            conferred, taking into account any credits or debits from any prior
            period; and

                  (iv) Consultant shall provide a monthly reconciliation to
            Client, no later than twenty one (21) days following the end of any
            month in which services were performed, of the costs actually
            incurred during such month, and the Parties shall make such debits
            or credits as are appropriate.

      c)    IN HOUSE COSTS. Consultant may include as Labor Costs the costs of
            in-house counsel and other administrative personnel performing any
            of the Completion Services, provided the costs of such personnel are
            incurred in connection with, and budgeted or otherwise approved in
            compliance with, the applicable Work Order and provided further that
            any use of in-house tax personnel must be approved in advance by
            Client.

      d)    NO PRIOR AMOUNTS.  No amounts spent by Consultant or its Affiliates
            on a Project that were spent prior to, or not in connection with
            this Agreement, shall constitute an Allowable Cost (or an Accrued
            Cost), unless such amounts are approved by Client, in writing, in a
            Work Order for such Project pursuant to the terms hereof.  Client
            has previously approved the Allowable Costs relating to certain
            Projects listed on SCHEDULE 12(c) hereto, and such Allowable Costs
            shall be paid within five (5) business days after the date of this
            Agreement.  Certain other costs listed on SCHEDULE 12(c) are subject
            to review and mutual agreement as described in SCHEDULE 12(c).

      e)    NO DUPLICATION. No amount payable by Client under this Agreement,
            for Allowable Costs, for indemnity, or otherwise, shall be payable,
            or paid, to Consultant more than once. Consultant shall not include
            any item in any request for payment or reimbursement for which
            Consultant has already been paid by Client under any other agreement
            or arrangement with respect to the Project.

      f)    AUDIT RIGHTS.  Client shall have reasonable access during normal
            business hours to Consultant's books and records as necessary to
            verify the number of man-hours actually charged in a given work
            week, all Out-of-Pocket costs, including subcontractor and vendor
            payments, any Taxes, and the application of the appropriate rates
            and multipliers to the man-hours charged.  Client shall not have
            audit rights with respect to the agreed upon multiplier rates set
            forth in SCHEDULE 12(a) for Labor Costs and certain Out-of-Pocket
            Costs.

      g)    TAX COOPERATION.  Consultant shall cooperate with Client, prior to
            or following the expiration or earlier termination of this
            Agreement, to obtain Tax refunds from any applicable taxing
            authorities for the benefit of Client, for any Taxes paid by Client,
            or reimbursed to Consultant, pursuant to this Agreement, or any
            other prior arrangement between the Parties. Client shall compensate
            Consultant (at rates and fees substantially similar to the rates and
            fees for work or services performed hereunder) for any work
            performed under this paragraph (f) following the termination or
            expiration of this Agreement.  The parties shall endeavor to
            minimize Taxes payable in connection with the Completion Services,
            to the extent permitted

                                       12
<Page>

            by law.  Any refunds for Taxes that are governed by the Tax
            Agreement will be pursued and remitted as provided in the Tax
            Agreement.

      h)    SET OFF. Client agrees to fund its obligations to make payments
            pursuant to the applicable Work Order notwithstanding any right of
            set-off or recoupment that Client may have or allege against any
            sums due under this Agreement.

13.   INDEPENDENT CONSULTANT

      Consultant is an independent contractor. Neither Consultant, nor any of
      its employees, are or shall be deemed to be agents or employees of Client.
      Notwithstanding anything else to the contrary in this Agreement,
      Consultant may at its sole discretion, discharge any of its employees for
      cause.

14.   OWNERSHIP OF DOCUMENTS

      All right, title and interest in all (without limitation) data, analyses,
      drafts, reports, drawings, prints, records, notebooks, manuals, computer
      printouts or intellectual property delivered to Client under this
      Agreement or generated solely in the performance of the Completion
      Services shall become the property of Client and such documents shall be
      delivered to Client upon Client's full and complete payment for such
      Completion Services. Client agrees to hold harmless and indemnify
      Consultant against any and all damages, claims, causes of action,
      expenses, liabilities, costs and losses, including, but not limited to,
      defense costs and attorneys' fees, arising out of any reuse by Client or
      others of the materials, data, or reports for any other projects or
      matters unrelated to the Projects without the written authorization of
      Consultant. Client expressly agrees that it shall not and is not
      authorized to so use any such documents without such authorization. Client
      hereby grants to Consultant the unrestricted, royalty free right to retain
      copies of these materials and to use these materials and the information
      contained therein, on a world wide basis, in the normal course of
      Consultant's business for any and all lawful purposes subject to the
      confidentiality provisions hereof.

      In the course of performance of its Completion Services Consultant may
      rely upon information supplied by Client or Client's partners,
      contractors, or consultants, or information available from generally
      accepted reputable sources without independent verification. Consultant
      shall have no liability for defects in its Completion Services
      attributable to Consultant's reliance upon or use of data, design
      criteria, drawings, specifications or other information furnished by
      Client.

15.   TERMINATION AND SUSPENSION

      a)    Client shall have the right to terminate this Agreement prior to
            completion of the Completion Services after delivery of ten (10)
            days written notice to  Consultant, in which event Client shall pay
            Consultant all amounts due up to the effective date of termination
            plus all Allowable Costs incurred in connection with field
            demobilization required as a result of such termination.  To the
            extent that Client requests that Consultant perform services
            post-termination, Consultant shall be paid its actual costs, based
            upon Allowable Costs, plus Fees.

      b)    Consultant may suspend performance on a Work Order for non-payment
            of amounts due on a Work Order after five (5) days notice. In
            addition, Consultant may terminate performance under such Work Order
            after thirty (30) days cumulative suspension for non-payment.

                                       13
<Page>

      c)    In the event that Client or Consultant terminates the Completion
            Services with respect to a particular Work Order (a "PARTIAL
            TERMINATION") or this Agreement is terminated pursuant to paragraph
            a) above, any and all amounts previously paid to Consultant and not
            disbursed to pay Allowable Costs or Fee pursuant to the applicable
            Work Order, in the case of a Partial Termination only insofar as it
            relates to the applicable Work Order,  shall be immediately
            disbursed to Client, inclusive of all interest thereon or credits
            owing thereto, without any set-off or deduction of any kind other
            than Allowable Costs to be reimbursed pursuant to this Agreement,
            including Consultant's field demobilization costs that are
            reimbursable pursuant to this Agreement, plus the portion of any Fee
            earned prior to the date of termination. Consultant will also remit
            directly back to Client any and all amounts received under this
            Agreement that remain unspent as of the termination date, in the
            case if a Partial Termination only insofar as it relates to the
            applicable Project.

16.   TERM

      Unless otherwise specified, the term of this Agreement shall be no more
      than five (5) years from the Effective Date, subject to earlier
      termination as herein provided. In addition, provided that Consultant
      provides ninety (90) days' prior written notice, Consultant will not be
      required to provide Completion Services after the second anniversary of
      the date of this Agreement and at any time thereafter, Consultant shall be
      permitted to terminate this Agreement or any Work Order, insofar as it
      relates to any Completion Services, upon ninety (90) days written notice
      to Client. Consultant and Client may mutually agree upon an extension of
      this Agreement. Such extension must be in writing and signed by both
      Consultant and Client.

17.   CLIENT ACCESS

      a)    For purposes of the overall administration of this Agreement, Client
            and Consultant shall each appoint a single representative (the
            "PROJECT LIAISONS"), who shall coordinate all matters relating to
            this Agreement. If and to the extent that the Consultant's Project
            Liaison performs services for Consultant that are related to this
            Agreement, the costs related to such services shall constitute
            Allowable Costs related to this Agreement.

      b)    WORK ORDER LIAISONS. As noted in Section 2, the applicable Work
            Order will designate the "Work Order Liaisons" for the Projects. For
            purposes of administering this Agreement each party shall be
            entitled to rely upon the direction of the other party's Work Order
            Liaison.

      c)    CLIENT ACCESS. Client will be entitled to place a reasonable number
            of employees, consultants or representatives on-site at the
            applicable Project and, during regular business hours, at the
            Consultant's Princeton offices to observe and supervise the
            performance by the Consultant of its obligations under this
            Agreement, and Client and its representatives, including any third
            party consultant retained by Client, will be permitted to have
            access to and examine and take copies of any documents, books,
            records, materials and other information, whether in tangible or
            electronic form, relating to the applicable Project, including any
            and all engineering, procurement and construction documents,
            purchase orders, invoices, specifications, progress reports, plans
            and designs.  With regards to access to Consultant's Princeton, New
            Jersey, offices, (i) access shall be given during normal business
            hours, and (ii) Client's personnel shall be subject to Consultant's
            prior approval, such approval not to be unreasonably withheld or
            delayed.  In addition to those personnel subject to the foregoing
            approval process, Consultant expressly will pre-approve and permit

                                       14
<Page>

            the persons listed on SCHEDULE 17 to have access to the Princeton
            facilities.  The Consultant shall provide Client with copies of all
            internal and external project reports and correspondence as
            generated or received relating to the applicable Project.  The
            Project Liaisons will conduct periodic Project reviews and progress
            meetings as requested by Client.  The Consultant shall not designate
            a replacement Project Liaison without the consent of Client, which
            consent shall not be unreasonably withheld or delayed.  Consultant's
            costs in complying with the obligations contained in this Section 17
            shall constitute Allowable Costs.

18.   DISPUTE RESOLUTION

      a)    All disputes or claims arising in respect of a particular Project
            shall be referred to the Project Liaisons for settlement.  In the
            event no settlement can be reached pursuant to the preceding
            sentence within one (1) week, then senior management of Client and
            Consultant shall attempt to resolve such dispute or claim within ten
            (10) business days.  In the event the senior management cannot
            settle such disputes or claims, such disputes or claims shall be
            settled pursuant to the arbitration procedures set forth in
            Section 18(b) hereof.

      b)    (i)   Subject to the other provisions of this Section 18, any
                  party hereto may commence arbitration in conformity with and
                  under the rules of the American Arbitration Association
                  ("AAA"), and, notwithstanding anything to the contrary
                  contained herein, such arbitration shall be governed by and
                  construed in accordance with the laws of the State of New
                  York, USA.

            (ii)  The arbitral tribunal shall consist of three arbitrators. Each
                  party hereto shall appoint one arbitrator with, in the case of
                  a dispute of a technical nature, knowledge and experience in
                  such technical matters. The two arbitrators so appointed shall
                  appoint the third arbitrator who shall serve as the chairman
                  of the arbitral tribunal. If a party fails to appoint its
                  arbitrator within a period of ten (10) days after receiving
                  notice of the arbitration, or if the two arbitrators appointed
                  cannot agree on the third arbitrator within a period of ten
                  (10) days after appointment of the second arbitrator, then
                  such third arbitrator shall be appointed pursuant to the
                  procedures of the AAA Rules.

            (iii) In the event an arbitrator is appointed pursuant to the last
                  sentence of the foregoing subsection (ii), such arbitrator
                  shall be a person with experience in commercial agreements
                  and, in particular, the implementation and interpretation of
                  contracts relating to the design, engineering, construction,
                  operation and maintenance of international electrical power
                  generating facilities which have been financed on a limited
                  recourse basis (and if the dispute concerns a technical issue,
                  a person who has knowledge and experience in technical
                  matters). No arbitrator shall be a present or former employee
                  or agent of, or consultant or counsel to, either party hereto
                  or any affiliate thereof.

            (iv)  The arbitration shall be conducted in New York, New York,
                  U.S.A., and shall apply English as the language of the
                  arbitration proceedings. All documents or evidence presented
                  at such arbitration in a language other than in English shall
                  be accompanied by a certified English translation thereof. The
                  arbitrators shall apply, and shall be bound by, the applicable
                  rules of law and the terms of this Agreement. Unless the
                  Parties hereto agree otherwise in writing, the arbitrators
                  shall be permitted to order the parties to an arbitration to
                  engage in discovery (including the

                                       15
<Page>

                  taking of depositions). The arbitrators shall decide the
                  dispute by majority of the arbitral tribunal and shall state
                  in writing the reasons for its decision. Any monetary award
                  of the arbitral tribunal shall be denominated in U.S. dollars
                  and shall be paid by the earlier of (i) the time period
                  specified by the arbitral tribunal and (ii) thirty (30) days
                  after the arbitral tribunal notifies the parties of receiving
                  such award. The parties agree to direct the arbitral tribunal
                  to complete the arbitration proceeding, and issue a decision,
                  within sixty (60) days after the submission of the request
                  for arbitration.

            (v)   The parties hereby waive any rights to appeal or to review
                  such award by any court or tribunal, and such award shall be
                  final and binding.  The parties hereto further undertake to
                  carry out without delay the provisions of any arbitral award
                  or order, and each agrees that any such award or order shall
                  be conclusive and may be enforced in any jurisdiction (and the
                  parties shall submit to any such jurisdiction) by suit on the
                  arbitral award or by any other manner provided by law.  A
                  party may disclose the contents of an award of the arbitral
                  tribunal on to affiliates, governmental authorities or other
                  persons as required by applicable law.

            (vi)  The costs of such arbitration shall be determined by and
                  allocated between the parties by the arbitral tribunal in its
                  award.

            (vii) Unless the parties hereto otherwise agree, no dispute,
                  controversy or claim hereunder shall be consolidated with any
                  other arbitrable proceeding involving any third party.

19.   GUARANTEES

      a)    WGI GUARANTY. WGI Delaware shall unconditionally and irrevocably
            guaranty to Client and its designees hereunder, the due and prompt
            performance and payment when due of each and every obligation,
            responsibility, undertaking, representation, warranty, covenant and
            agreement of Consultant under this Agreement, in the form of
            SCHEDULE 19 attached hereto (the "WGI GUARANTY").

20.   GENERAL

      a)    Client and Consultant each represent and warrant that this Agreement
            has been duly authorized, executed and delivered and constitutes its
            binding agreement enforceable against it subject to the application
            of bankruptcy and other laws affecting creditor's rights and to the
            application of equitable principles.

      b)    This Agreement (including all Work Orders) together with the
            Settlement Agreement supersedes all prior written and/or oral
            contracts and agreements that may have been made or entered into
            between Client and Consultant regarding the subject matter hereof,
            including but not limited to any and all proposals, oral or written,
            and all communications between the parties relating to this
            Agreement, and constitutes the entire agreement between the parties
            hereto with respect to the subject matter hereof.  No amendment to
            this Agreement shall be enforceable unless in writing and signed by
            both parties hereto.  The language used in this Agreement will be
            deemed to be the language chosen by the Parties to express their
            mutual intent, and no rule of strict construction will be applied
            against any Party.

<Page>

      c)    Subject to Section 9.406 of the Uniform Commercial Code (as
            revised), this Agreement may not be assigned by Consultant or Client
            in any way, including by operation of law, unless mutually agreed to
            in writing.

      d)    All notices, demands and other communications hereunder regarding
            any breach, consent, waiver, termination, indemnification, or any
            proposed amendment to, or modification of, this Agreement, shall be
            in writing or by facsimile, and shall be deemed to have been duly
            given, (i) on the day such notice is delivered personally, (ii) on
            the business day such notice is sent by facsimile, provided such
            notice is sent during the normal business hours of the recipient
            (and if sent after such hours, on the following business day), with
            a confirmation copy sent by overnight courier or certified mail,
            (iii) one business day after being sent by overnight courier, or
            (iv) four business days after being mailed by certified mail, return
            receipt requested, postage prepaid, as follows:

                  If to Client, to:

                  Raytheon Company
                  141 Spring Street
                  Lexington, MA 02173
                  Attention: General Counsel
                  Telephone: (781) 860-2681
                  Facsimile: (781) 860-2924

                  Raytheon Engineers & Constructors
                     International, Inc.
                  141 Spring Street
                  Lexington, MA 02173
                  Attention: General Counsel
                  Telephone: (781) 860-2681
                  Facsimile: (781) 860-2924

                  with a copy sent contemporaneously to:

                  Bingham Dana LLP
                  150 Federal Street
                  Boston, MA 02110
                  Attention: John R. Utzschneider, Esq.
                  Telephone: (617) 951-8852
                  Facsimile: (617) 951-9736

                  If to Washington to:
                  720 Park Boulevard
                  Boise, Idaho 83712
                  Attention: Richard D. Parry, Esq.
                  General Counsel
                  Telephone: (208) 386-5199
                  Facsimile: (208) 386-5220

                                       17
<Page>

                  With a copy sent contemporaneously to:

                  Kevin T. Colby
                  Vice President - Contracts
                  Washington Group International, Inc.
                  510 Carnegie Center
                  Princeton, New Jersey 08543
                  Telephone: (609) 720-2913
                  Facsimile: (609) 720-2675

      e)    This Agreement shall not provide for and Consultant will not be
            considered to have rendered any legal or financial opinions
            regarding the feasibility for generating or selling electrical power
            or thermal energy.

      f)    GOVERNING LAW; EXCLUSIVE VENUE; JURISDICTION.  This Agreement shall
            be governed by and construed in accordance with the laws of the
            State of New York, United States of America, without regard to the
            conflict of law rules thereof other than Section 5-1401 of the
            General Obligations Law of the State of New York.  Any action or
            other proceeding brought under or in connection with this Agreement
            and the transactions contemplated hereby shall be brought and heard
            only in an appropriate state or federal court located in the State
            of New York, U.S.A.  Each of Consultant and Client acknowledge and
            agree that such courts shall have exclusive jurisdiction to
            interpret and enforce the provisions of this Agreement, and each of
            them hereby waives any and all objections that they might have as to
            personal jurisdiction or venue in any of the above courts.  Nothing
            contained in this Section 20(f) is intended to limit the
            applicability of Section 18 hereof.  In the event of any conflict
            between the second and third sentences of this Section 20(f) and the
            terms and provisions of Section 18, the terms of Section 18 shall
            control.

      g)    HEADINGS. The headings in this Agreement are for convenience only,
            and shall not affect the interpretation hereof.

      h)    NO THIRD PARTY BENEFICIARIES. Nothing in this Agreement, express or
            implied, is intended to confer upon any third party any rights,
            remedies, obligations, or liabilities under or by reason of this
            Agreement, except as expressly provided herein. For the avoidance of
            doubt, no Raytheon Party by virtue of this Agreement is assuming or
            creating any obligation or duties to parties not signatory hereto.

      i)    WAIVER OF JURY TRIAL. Each party hereto waives its rights to a jury
            trial with respect to any action or claim arising out of any dispute
            in connection with this Agreement or other document or subcontract
            executed in connection with performance of the services under this
            Agreement.

      j)    PUBLIC STATEMENTS. Any press release or other public statement
            regarding the subject matter of this Agreement shall be subject to
            the prior review and approval of the other party hereto, with such
            approval not to be unreasonably withheld or delayed.

      k)    SURVIVAL. The provisions of Sections 1, 2(g), 2(h), 3, 4(a), 4(b),
            5, 6, 7, 8, 9, 10, 12, 13, 14, 15, 16, 17, 18, 19 and 20 and any
            other provisions of this Agreement providing for limitation

                                       18
<Page>

            of or protection against liabilities between the parties hereto
            shall survive termination of the Agreement and/or completion of the
            Completion Services hereunder.

      l)    COUNTERPARTS. This Agreement may be executed by Client and
            Consultant each on separate counterparts and by facsimile, each of
            which when so executed and delivered shall be an original, but all
            such counterparts shall together constitute but one and the same
            document.

                           [Signature Page to Follow]

                                       19
<Page>

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement for
Consulting and Professional Services to be duly executed by their duly
authorized representatives as of the day and year first above mentioned.

                                    RAYTHEON COMPANY

                                    By: /s/ Neal E. Minehan
                                       -----------------------------------------
                                          Name:  Neal E. Minehan
                                               ---------------------------------
                                          Title:  Senior Vice President
                                                   and General Counsel
                                               ---------------------------------

                                    RAYTHEON ENGINEERS & CONSTRUCTORS
                                    INTERNATIONAL, INC.

                                    By: /s/ William J. Ferguson Jr.
                                       -----------------------------------------
                                          Nane:  William J. Ferguson Jr.
                                               ---------------------------------
                                          Title:  Senior Vice President,
                                                   Secretary and General Counsel
                                                --------------------------------

                                    WASHINGTON GROUP INTERNATIONAL, INC.,
                                    an Ohio corporation

                                    By: /s/ Richard D. Parry
                                       -----------------------------------------
                                          Name:  Richard D. Parry
                                               ---------------------------------
                                          Title:  Senior Vice President
                                                   and General Counsel
                                               ---------------------------------

SEEN AND CONSENTED TO:

OFFICIAL COMMITTEE OF
UNSECURED CREDITORS

By: /s/ Patrick A. Murphy
   -----------------------------------------
      Name:  Patrick A. Murphy
           ---------------------------------
      Title:  Counsel
           ---------------------------------

                                       20<Page>

                                                                    Exhibit 10.7

                      WASHINGTON GROUP INTERNATIONAL, INC.

                      EQUITY AND PERFORMANCE INCENTIVE PLAN

1.    PURPOSE.  The purpose of the Equity and Performance Incentive Plan
(this "Plan") is to attract and retain directors, officers and key employees
for Washington Group International, Inc. (the "Corporation") and its
Subsidiaries and to provide to such persons incentives and rewards for
superior performance.

2.    DEFINITIONS.  AS USED IN THIS PLAN:

            "Annual Meeting" means the annual meeting of stockholders of the
Corporation.

            "Appreciation Right" means a right granted pursuant to Section 5 of
this Plan.

            "Board" means the Board of Directors of the Corporation and, to the
extent of any delegation by the Board to a committee (or subcommittee thereof)
pursuant to Section 17 of this Plan, such committee (or subcommittee thereof).

            "Change in Control" shall have the meaning provided in Section 12 of
this Plan.

            "Code" means the Internal Revenue Code of 1986, as amended from time
to time.

            "Common Shares" means shares of common stock, par value $.01 per
share, of the Corporation or any security into which such shares of common stock
may be changed by reason of any transaction or event of the type referred to in
Section 11 of this Plan.

            "Covered Employee" means a Participant who is, or who the Board
determines may eventually become, a "covered employee" within the meaning of
Section 162(m) of the Code (or any successor provision).

            "Date of Grant" means the date specified by the Board on which a
grant of Option Rights, Appreciation Rights, Performance Shares or Performance
Units or a grant or sale of Restricted Shares or Deferred Shares shall become
effective (which date shall not be earlier than the date on which the Board
takes action with respect thereto) and shall also include the date on which a
grant of Option Rights to a Non-Employee Director becomes effective pursuant to
Section 9 of this Plan.

            "Deferral Period" means the period of time during which Deferred
Shares are subject to deferral limitations under Section 7 of this Plan.

            "Deferred Shares" means an award made pursuant to Section 7 of this
Plan of the right to receive Common Shares at the end of a specified Deferral
Period.

            "Designated Subsidiary" means a Subsidiary that is (a) not a
corporation or (b) a corporation in which at the time the Corporation owns or
controls, directly or indirectly, less than 80% of the total combined voting
power represented by all classes of stock issued by such corporation.

<Page>

            "Effective Date" means the effective date of the Plan of
Reorganization

            "Evidence of Award" means an agreement, certificate, resolution or
other type of writing or other evidence approved by the Board which sets forth
the terms and conditions of the Option Rights, Appreciation Rights, Performance
Units, Performance Shares, Restricted Shares, Deferred Shares or other awards.
An Evidence of Award may be in an electronic medium, may be limited to a
notation on the books and records of the Corporation and, with the approval of
the Board (or committee or subcommittee thereof delegated pursuant to Section 17
of this Plan), need not be signed by a representative of the Corporation or a
Participant.

            "Exchange Act" means the Securities Exchange Act of 1934, as
amended, and the rules and regulations thereunder, as such law, rules and
regulations may be amended from time to time.

            "Incentive Stock Options" means Option Rights that are intended to
qualify as "incentive stock options" under Section 422 of the Code or any
successor provision.

            "Management Objectives" means the measurable performance objective
or objectives established pursuant to this Plan for Participants who have
received grants of Performance Shares or Performance Units or, when so
determined by the Board, Option Rights, Appreciation Rights, Restricted Shares
and dividend credits pursuant to this Plan. Management Objectives may be
described in terms of Corporation-wide objectives or objectives that are related
to the performance of the individual Participant or of the Subsidiary, division,
department, region or function within the Corporation or Subsidiary in which the
Participant is employed. The Management Objectives may be made relative to the
performance of other corporations. The Management Objectives applicable to any
award to a Covered Employee shall be based on specified levels of or growth in
one or more of the following criteria:

            1.    earnings;

            2.    earnings per share (earnings per share will be calculated
                  without regard to any change in accounting standards that
                  may be required by the Financial Accounting Standards Board
                  after the goal is established);

            3.    share price;

            4.    total shareholder return;

            5.    return on invested capital, equity, or assets;

            6.    operating earnings;

            7.    sales growth;

            8.    productivity improvement;

            If the Board determines that a change in the business, operations,
corporate structure or capital structure of the Corporation, or the manner in
which it conducts its business,

                                       2

<Page>

or other events or circumstances render the Management Objectives unsuitable,
the Board may in its discretion modify such Management Objectives or the
related minimum acceptable level of achievement, in whole or in part, as the
Board deems appropriate and equitable, except in the case of a Covered
Employee where such action would result in the loss of the otherwise
available exemption under Section 162(m) of the Code. In such case, the Board
shall not make any modification of the Management Objectives or minimum
acceptable level of achievement.

            "Market Value per Share" means, as of any particular date, the
closing sale price per Common Share on the national securities exchange on which
the Common Shares are then listed, the final reported bid sale price per Common
Share on the principal national automated system which the Common Shares are
then quoted or, if the Common Shares are not then listed or quoted, the fair
market value of the Common Shares as determined by the Board.

            "Non-Employee Director" means a Director of the Corporation who is
not an employee of the Corporation or any Subsidiary.

            "Optionee" means the optionee named in an Evidence of Award
evidencing an outstanding Option Right.

            "Option Price" means the purchase price payable on exercise of an
Option Right.

            "Option Right" means the right to purchase Common Shares upon
exercise of an option granted pursuant to Section 4 or Section 9 of this Plan.

            "Participant" means a person who is selected by the Board to receive
benefits under this Plan and who is at the time an officer or other key employee
of the Corporation or any one or more of its Subsidiaries, or who has agreed to
commence serving in any of such capacities within 90 days of the Date of Grant,
and shall also include each Non-Employee Director who receives an award of
Option Rights pursuant to Section 9 of this Plan; provided, however, that for
purposes of Sections 4, 5, 7 and 8 of this Plan, Participant shall not include
such Non-Employee Director.

            "Performance Period" means, in respect of a Performance Share or
Performance Unit, a period of time established pursuant to Section 8 of this
Plan within which the Management Objectives relating to such Performance Share
or Performance Unit are to be achieved.

            "Performance Share" means a bookkeeping entry that records the
equivalent of one Common Share awarded pursuant to Section 8 of this Plan.

            "Performance Unit" means a bookkeeping entry that records a unit
equivalent to $1.00 awarded pursuant to Section 8 of this Plan.

            "Plan of Reorganization" means the Corporation's Second Amended
Joint Plan of Reorganization, as modified, which was confirmed on December 21,
2001 pursuant to an order of the United States Bankruptcy Court for the District
of Nevada in bankruptcy case 01-31-627, including such order and the related
findings of fact and conclusions of law.

                                       3

<Page>

            "Reload Option Rights" means additional Option Rights granted
automatically to an Optionee upon the exercise of Option Rights pursuant to
Section 4(i) or Section 9(a)(viii) of this Plan.

            "Restricted Shares" means Common Shares granted or sold pursuant to
Section 6 or Section 9 of this Plan as to which neither the substantial risk of
forfeiture nor the prohibition on transfers referred to in such Section 6 has
expired.

            "Retirement" means a termination of employment with the Corporation
and its Subsidiaries at or after the attainment of (a) age 65, (b) age 55 with
at least ten Years of Service, or (c) 30 Years of Service

            "Rule l6b-3" means Rule 16b-3 of the Securities and Exchange
Commission (or any successor rule to the same effect) as in effect from time to
time.

            "Securities Act" means the Securities Act of 1933, as amended, and
the rules and regulations thereunder, as such law, rules and regulations may be
amended from time to time.

            "Spread" means the excess of the Market Value per Share of the
Common Shares on the date when an Appreciation Right is exercised, or on the
date when Option Rights are surrendered in payment of the Option Price of other
Option Rights, over the Option Price provided for in the related Option Right.

            "Subsidiary" means a corporation, company or other entity (a) more
than 50% of whose outstanding shares or securities (representing the right to
vote for the election of directors or other managing authority) are, or (b) that
does not have outstanding shares or securities (as may be the case in a
partnership, joint venture or unincorporated association), but more than 50% of
whose ownership interest representing the right generally to make decisions for
such other entity is, now or hereafter, owned or controlled, directly or
indirectly, by the Corporation except that for purposes of determining whether
any person may be a Participant for purposes of any grant of Incentive Stock
Options, "Subsidiary" means any corporation in which at the time the Corporation
owns or controls, directly or indirectly, more than 50% of the total combined
voting power represented by all classes of stock issued by such corporation.

            "Termination for Cause" means a termination of a Participant's
employment following:

      (a)   the determination by the Corporation or the Board that the
            Participant has ceased to perform his duties to the Corporation
            (other than as a result of his incapacity due to physical or mental
            illness or injury), which failure amounts to an intentional or
            extended neglect of his duties to the Corporation, or

      (b)   the Corporation's or Board's determination that the Participant
            has engaged in or is about to engage in conduct materially
            injurious to the Corporation, or

                                       4

<Page>

      (c)   the Participant having been convicted of, or plead guilty or no
            contest to, a felony or the failure of the Participant to follow
            instruction of the Board or his direct superiors.

            "Voting Shares" means at any time, the then-outstanding securities
entitled to vote generally in the election of directors of the Corporation.

            "Year of Service" means a year of service as defined pursuant to the
Washington Group International, Inc. 401(k) Retirement Savings Plan (or any
successor plan thereto) for vesting purposes.

      3. SHARES AVAILABLE UNDER THE PLAN. (a) Subject to adjustment as provided
in Section 11 of this Plan, the number of Common Shares that may be issued or
transferred (i) upon the exercise of Option Rights or Appreciation Rights, (ii)
as Restricted Shares and released from substantial risks of forfeiture thereof,
(iii) as Deferred Shares, (iv) in payment of Performance Shares or Performance
Units that have been earned, (v) as awards to Non-Employee Directors or (vi) in
payment of dividend equivalents paid with respect to awards made under the Plan
shall not exceed in the aggregate 5,952,000 shares plus any shares relating to
awards that expire or are forfeited or cancelled. Such shares may be shares of
original issuance or treasury shares or a combination of the foregoing. Upon the
payment of any Option Price by the transfer to the Corporation of Common Shares
or upon satisfaction of any withholding amount by means of transfer or
relinquishment of Common Shares, there shall be deemed to have been issued or
transferred under this Plan only the net number of Common Shares actually issued
or transferred by the Corporation.

            (b) Notwithstanding anything in this Section 3, or elsewhere in this
 Plan, to the contrary, the aggregate number of Common Shares actually issued or
 transferred by the Corporation upon the exercise of Incentive Stock Options
 shall not exceed 5,952,000 shares. Further, no Participant shall be granted
 Option Rights for more than 3,500,000 Common Shares during any calendar year,
 subject to adjustments as provided in Section 11 of this Plan.

            (c) Upon payment in cash of the benefit provided by any award
granted under this Plan, any shares that were covered by that award shall again
be available for issue or transfer hereunder.

            (d) Notwithstanding any other provision of this Plan to the
contrary, in no event shall any Participant in any calendar year receive more
than 200,000 Appreciation Rights, subject to adjustments as provided in Section
11 of this Plan.

            (e) Notwithstanding any other provision of this Plan to the
contrary, in no event shall any Participant in any calendar year receive more
than 200,000 Restricted Shares or 200,000 Deferred Shares, subject to
adjustments as provided in Section 11 of this Plan.

            (f) Notwithstanding any other provision of this Plan to the
contrary, in no event shall any Participant in any calendar year receive an
award of Performance Shares or Performance Units having an aggregate maximum
value as of their respective Dates of Grant in excess of $500,000.

                                       5

<Page>

      4. OPTION RIGHTS. The Board may, from time to time and upon such terms and
conditions as it may determine, authorize the granting to Participants of
options to purchase Common Shares. Each such grant may utilize any or all of the
authorizations, and shall be subject to all of the requirements, contained in
the following provisions:

      (a)   Each grant shall specify the number of Common Shares to which it
pertains, subject to the limitations set forth in Section 3 of this Plan.

      (b)   Each grant shall specify an Option Price per share, which shall
be set by the Board; provided, however, that such price shall be no less than
the par value of a share of Common Stock, and in the case of Incentive Stock
Options, such price shall be not less than the Market Value per share on the
Date of the Grant.

      (c)   Each such Option Right shall become exercisable as determined by
the Board and set forth in the applicable Option Rights Agreement.  Such
Option rights shall become exercisable in full immediately in the event of a
Change in Control.  Each such Option Right granted under this Plan shall
expire no later than ten years from the Date of Grant and shall be subject to
earlier termination as hereinafter provided and as set forth in the
applicable Option Rights Agreement.

      (d)    Each such Incentive Stock Option shall terminate automatically
and without further notice after the employee ceases to be an employee of the
Company and its Subsidiaries for any reason other than as described in
Section 4(e) of this Plan; provided, however, that the employee shall have
until the first to occur of (i) the stated expiration date of such Option
Right or (ii) the 90th calendar day following the effective date of any such
termination of employment to exercise Option Rights that had vested and
become exercisable as of such effective date of termination of employment to
exercise Incentive Stock Options that had vested and become exercisable as of
such effective date of termination of employment.

      (e)   In the event of the (i) death, (ii) disability or (iii)
Retirement under a retirement plan of the company or one of its Subsidiaries
at or after the earliest voluntary retirement age provided or in such
retirement plan or retirement at any earlier age with consent of the Board,
each of the then outstanding Incentive Stock Options of such holder may be
exercised at any time within three years after such death, disability or
retirement, but in no event after the expiration date of the term of such
Incentive Stock Options.

      (f)   Each grant shall specify whether the Option Price shall be
payable (i) in cash or by check acceptable to the Corporation, (ii) by the
actual or constructive transfer to the Corporation of nonforfeitable,
unrestricted Common Shares owned for more than six months by the Optionee (or
other consideration authorized pursuant to subsection (g) below) having a
value at the time of exercise equal to the total Option Price or (iii) by a
combination of such methods of payment.

      (g)   The Board may determine, at or after the Date of Grant, that
payment of the Option Price of any option (other than an Incentive Stock
Option) may also be made in whole or in part in the form of Restricted Shares
or other Common Shares that are forfeitable or subject to restrictions on
transfer, Deferred Shares, Performance Shares (based, in each case, on the

                                       6

<Page>

Market Value per Share on the date of exercise), other Option Rights (based
on the Spread on the date of exercise) or Performance Units.  Unless
otherwise determined by the Board at or after the Date of Grant, whenever any
Option Price is paid in whole or in part by means of any of the forms of
consideration specified in this paragraph, the Common Shares received upon
the exercise of the Option Rights shall be subject to such risks of
forfeiture or restrictions on transfer as may correspond to any that apply to
the consideration surrendered, but only to the extent of (i) the number of
shares or Performance Shares, (ii) the Spread of any unexercisable portion of
Option Rights or (iii) the stated value of Performance Units surrendered.

      (h)   Any grant may provide for deferred payment of the Option Price
from the proceeds of sale through a bank or broker on a date satisfactory to
the Corporation of some or all of the shares to which such exercise relates.

      (i)   Any grant may, at or after the Date of Grant, provide for the
automatic grant of Reload Option Rights to an Optionee upon the exercise of
Option Rights (including Reload Option Rights) using Common Shares or other
consideration specified in paragraph (g) above.  Reload Option Rights shall
cover up to the number of Common Shares, Deferred Shares, Option Rights or
Performance Shares (or the number of Common Shares having a value equal to
the value of any Performance Units) surrendered to the Corporation upon any
such exercise in payment of the Option Price or to meet any withholding
obligations.  Reload Options may have an Option Price that is no less than
that which represents the same percentage of the Market Value per Share at
the time of exercise of the Option Rights that the per share Option Price
represented of the Market Value per Share at the time the Option Rights being
exercised were granted and shall be on such other terms as may be specified
by the Directors, which may be the same as or different from those of the
original Option Rights.

      (j)   Successive grants may be made to the same Participant whether or
not any Option Rights previously granted to such Participant remain
unexercised.

      (k)   Any grant of Option Rights may specify Management Objectives that
must be achieved as a condition to the exercise of such rights.

      (l)   Option Rights granted under this Plan may be (i) options,
including, without limitation, Incentive Stock Options, that are intended to
qualify under particular provisions of the Code, (ii) options that are not
intended so to qualify or (iii) combinations of the foregoing.

      (m)   The Board may, at or after the Date of Grant of any Option Rights
(other than Incentive Stock Options), provide for the payment of dividend
equivalents to the Optionee on either a current or deferred or contingent
basis or may provide that such equivalents shall be credited against the
Option Price.

      (n)   The exercise of an Option Right shall result in the cancellation
on a share-for-share basis of any related Appreciation Right authorized under
Section 5 of this Plan.

                                       7

<Page>

      (o)   Each grant of Option Rights shall be evidenced by an Option
Rights Agreement, which shall contain such terms and provisions, consistent
with this Plan, as the Board may approve.

            (p) Each grant of Option Rights shall be subject to the
provisions of Section 19(g) of this Plan.

      5. APPRECIATION RIGHTS. The Board may also authorize the granting to
any Optionee of Appreciation Rights in respect of Option Rights granted
hereunder at any time prior to the exercise or termination of such related
Option Rights; provided, however, that an Appreciation Right awarded in
relation to an Incentive Stock Option must be granted concurrently with such
Incentive Stock Option. An Appreciation Right shall be a right of the
Optionee, exercisable by surrender of the related Option Right, to receive
from the Corporation an amount determined by the Board, which shall be
expressed as a percentage of the Spread (not exceeding 100%) at the time of
exercise. Each such grant may utilize any or all of the authorizations, and
shall be subject to all of the requirements, contained in the following
provisions:

      (a)   Any grant may specify that the amount payable on exercise of an
Appreciation Right may be paid by the Corporation in cash, in Common Shares
or in any combination thereof and may either grant to the Participant or
retain in the Board the right to elect among those alternatives.

      (b)   Any grant may specify that the amount payable on exercise of an
Appreciation Right may not exceed a maximum specified by the Board at the
Date of Grant.

      (c)   Any grant may specify waiting periods before exercise and
permissible exercise dates or periods and shall provide that no Appreciation
Right may be exercised except at a time when the related Option Right is also
exercisable and at a time when the Spread is positive.

      (d)   Any grant may specify that such Appreciation Right may be
exercised only in the event of a Change in Control or other similar
transaction or event.

      (e)   Each grant of Appreciation Rights shall be evidenced by an
Evidence of Award that shall describe such Appreciation Rights, identify the
related Option Rights, state that such Appreciation Rights are subject to all
the terms and conditions of this Plan, and contain such other terms and
provisions, consistent with this Plan, as the Board may approve.

      (f)   Any grant of Appreciation Rights may specify Management
Objectives that must be achieved as a condition of the exercise of such
rights.

      (g)   Each grant of Appreciation Rights shall be subject to the
provisions of Section 19(g) of this plan.

                                       8

<Page>

      6.    RESTRICTED SHARES.  The Board may also authorize the grant or
sale to Participants of Restricted Shares. Each such grant or sale may
utilize any or all of the authorizations, and shall be subject to all of the
requirements, contained in the following provisions:

      (a)   Each such grant or sale shall constitute an immediate transfer of
the ownership of Common Shares to the Participant in consideration of the
performance of services, entitling such Participant to voting, dividend and
other ownership rights, but subject to the substantial risk of forfeiture and
restrictions on transfer hereinafter referred to.

      (b)   Each such grant or sale may be made without additional
consideration or in consideration of a payment by such Participant that is
less than Market Value per Share at the Date of Grant.

      (c)   Each such grant or sale shall provide that the Restricted Shares
covered by such grant or sale shall be subject, except (if the Board shall so
determine) in the event of a Change in Control or other similar transaction
or event, for a period of not less than three years to be determined by the
Board at the Date of Grant, to a "substantial risk of forfeiture" within the
meaning of Section 83 of the Code.

      (d)   Each such grant or sale shall provide that during the period for
which such substantial risk of forfeiture is to continue, the transferability
of the Restricted Shares shall be prohibited or restricted in the manner and
to the extent prescribed by the Board at the Date of Grant (which
restrictions may include, without limitation, rights of repurchase or first
refusal in the Corporation or provisions subjecting the Restricted Shares to
a continuing substantial risk of forfeiture in the hands of any transferee).

      (e)   Any grant of Restricted Shares may specify Management Objectives
that, if achieved, will result in termination or early termination of the
restrictions applicable to such shares and each grant may specify with
respect to such specified Management Objectives, a minimum acceptable level
of achievement and shall set forth a formula for determining the number of
Restricted Shares on which restrictions will terminate if performance is at
or above the minimum level, but falls short of full achievement of the
specified Management Objectives.

      (f)   Any such grant or sale of Restricted Shares may require that any
or all dividends or other distributions paid thereon during the period of
such restrictions be automatically deferred and reinvested in additional
Restricted Shares, which may be subject to the same restrictions as the
underlying award.

      (g)   Each grant or sale of Restricted Shares shall be evidenced by an
Evidence of Award that shall contain such terms and provisions, consistent
with this Plan, as the Board may approve.  Unless otherwise directed by the
Board, all certificates representing Restricted Shares shall be held in
custody by the Corporation until all restrictions thereon shall have lapsed,
together with a stock power or powers executed by the Participant in whose
name such certificates are registered, endorsed in blank and covering such
Shares.

      (h)   Each grant or sale of Restricted shares shall be subject to the
provisions of Section 19(g) of this plan.

                                       9

<Page>

      7.    DEFERRED SHARES.  The Board may also authorize the granting or
sale of Deferred Shares to Participants.  Each such grant or sale may utilize
any or all of the authorizations, and shall be subject to all of the
requirements contained in the following provisions:

      (a)   Each such grant or sale shall constitute the agreement by the
Corporation to deliver Common Shares to the Participant in the future in
consideration of the performance of services, but subject to the fulfillment
of such conditions during the Deferral Period as the Board may specify.

      (b)   Each such grant or sale may be made without additional
consideration or in consideration of a payment by such Participant that is
less than the Market Value per Share at the Date of Grant.

      (c)   Each such grant or sale shall be subject, except (if the Board
shall so determine) in the event of a Change in Control or other similar
transaction or event, to a Deferral Period of not less than one year, as
determined by the Board at the Date of Grant.

      (d)   During the Deferral Period, the Participant shall have no right
to transfer any rights under his or her award and shall have no rights of
ownership in the Deferred Shares and shall have no right to vote them, but
the Board may, at or after the Date of Grant, authorize the payment of
dividend equivalents on such Shares on either a current or deferred or
contingent basis, either in cash or in additional Common Shares.

      (e)   Each grant or sale of Deferred Shares shall be evidenced by an
Evidence of Award containing such terms and provisions, consistent with this
Plan, as the Board may approve.

      (f)   Each grant or sale of Deferred Shares shall be subject to the
provisions of Section 19(g) of this plan.

      8. PERFORMANCE SHARES AND PERFORMANCE UNITS. The Board may also
authorize the granting of Performance Shares and Performance Units that will
become payable to a Participant upon achievement of specified Management
Objectives. Each such grant may utilize any or all of the authorizations, and
shall be subject to all of the requirements, contained in the following
provisions:

      (a)   Each grant shall specify the number of Performance Shares or
Performance Units to which it pertains, which number may be subject to
adjustment to reflect changes in compensation or other factors; provided,
however, that no such adjustment shall be made in the case of a Covered
Employee.

      (b)   The Performance Period with respect to each Performance Share or
Performance Unit shall be such period of time (not less than one year, except
in the event of a Change in Control or other similar transaction or event, if
the Board shall so determine) commencing with the Date of Grant (as shall be
determined by the Board at the time of grant).

                                       10

<Page>

      (c)   Any grant of Performance Shares or Performance Units shall
specify Management Objectives that, if achieved, will result in payment or
early payment of the award, and each grant may specify with respect to such
specified Management Objectives a minimum acceptable level of achievement and
shall set forth a formula for determining the number of Performance Shares or
Performance Units that will be earned if performance is at or above the
minimum level, but falls short of full achievement of the specified
Management Objectives.  The grant of Performance Shares or Performance Units
shall specify that, before the Performance Shares or Performance Units shall
be earned and paid, the Board must certify that the Management Objectives
have been satisfied.

      (d)   Each grant shall specify a minimum acceptable level of
achievement in respect of the specified Management Objectives below which no
payment will be made and shall set forth a formula for determining the amount
of payment to be made if performance is at or above such minimum but short of
full achievement of the Management Objectives.

      (e)   Each grant shall specify the time and manner of payment of
Performance Shares or Performance Units that have been earned. Any grant may
specify that the amount payable with respect thereto may be paid by the
Corporation in cash, in Common Shares or in any combination thereof and may
either grant to the Participant or retain in the Board the right to elect
among those alternatives.

      (f)   Any grant of Performance Shares may specify that the amount
payable with respect thereto may not exceed a maximum specified by the Board
at the Date of Grant. Any grant of Performance Units may specify that the
amount payable or the number of Common Shares issued with respect thereto may
not exceed maximums specified by the Board at the Date of Grant.

      (g)   The Board may, at or after the Date of Grant of Performance
Shares, provide for the payment of dividend equivalents to the holder thereof
on either a current or deferred or contingent basis, either in cash or in
additional Common Shares.

      (h)   Each grant of Performance Shares or Performance Units shall be
evidenced by an Evidence of Award containing such other terms and provisions,
consistent with this Plan, as the Board may approve.

      (i)   Each grant of Performance Shares or Performance Units shall be
subject to the provisions of Section 19(g) of this plan.

      9. AWARDS TO NON-EMPLOYEE DIRECTORS. The Board may, from time to time
and upon such terms and conditions as it may determine, authorize the
granting to Non-Employee Directors of Option Rights and may also authorize
the grant or sale of Restricted Shares to Non-Employee Directors.

      (a)   Each grant of Option Rights awarded pursuant to this Section 9
shall be evidenced by an Evidence of Award, and shall be subject to the
following additional terms and conditions:

                                       11

<Page>

                  (i)   Each grant shall specify the number of Common Shares to
                        which it pertains subject to the limitations set forth
                        in Section 3 of this Plan.

                  (ii)  Each grant shall specify an Option Price per share,
                        which shall be set by the Board; provided, however, that
                        such price shall be no less than the par value of a
                        share of Common stock, and in the case of Incentive
                        Stock Options, such price shall be not less than the
                        Market Value per Share on the Date of Grant.

                  (iii) Each such Option Right shall become exercisable as
                        determined by the Board and set forth in the applicable
                        Option Rights Agreement. Such Option Rights shall become
                        exercisable in full immediately in the event of a Change
                        in Control. Each such Option Right granted under this
                        Plan shall expire no later than ten years from the Date
                        of Grant and shall be subject to earlier termination as
                        hereinafter provided and as set forth in the applicable
                        Option Rights Agreement.

                  (iv)  Any Option rights may provide that a Director who has
                        completed a specified period of service on the Board or
                        attained a specified age will be entitled to exercise
                        any such Option Rights immediately in full at any time
                        after any such termination until their stated expiration
                        date.

                  (v)   If a Non-Employee Director subsequently becomes an
                        employee of the Corporation or a Subsidiary while
                        remaining a member of the Board, any Option Rights held
                        under the Plan by such individual at the time of such
                        commencement of employment shall not be affected
                        thereby.

                  (vi)  Option Rights may be exercised by a Non-Employee
                        Director only upon payment to the Corporation in full of
                        the Option Price of the Common Shares to be delivered.
                        Such payment shall be made in cash or in Common Shares
                        previously owned by the optionee for more than six
                        months, or in a combination of cash and such Common
                        Shares.

                  (vii) Each grant may provide for the automatic grant of Reload
                        Option Rights to an Optionee upon the exercise of Option
                        Rights (including Reload Option Rights) using Common
                        Shares. Reload Option Rights shall cover up to the
                        number of Common Shares surrendered to the Corporation
                        upon any such exercise in payment of the Option Price.
                        Reload Options may have an Option Price that is no less
                        than that which represents the same percentage of the
                        Market Value per Share at the time of exercise of the
                        Option Rights that the per share Option Price
                        represented of the Market Value per Share at the time
                        the Option Rights being exercised were

                                       12

<Page>

                        granted and shall be on such other terms as may be
                        specified by the Directors, which may be the same as
                        or different from those of the original Option Rights.

      (b)   Each grant or sale of Restricted Shares pursuant to this Section
9 shall be upon terms and conditions consistent with Section 6 of this Plan.

      10. TRANSFERABILITY. (a) Except as otherwise determined by the Board, no
Option Right, Appreciation Right or other derivative security granted under the
Plan shall be transferable by an Optionee other than by will or the laws of
descent and distribution, except (in the case of a Participant who is not a
Director or officer of the Corporation) to a fully revocable trust of which the
Optionee is treated as the owner for federal income tax purposes. Except as
otherwise determined by the Board, Option Rights and Appreciation Rights shall
be exercisable during the Optionee's lifetime only by him or her or by his or
her guardian or legal representative. Notwithstanding the foregoing, the Board
in its sole discretion, may provide for transferability of particular awards
under this Plan so long as such provisions will not disqualify the exemption for
other awards under Rule 16b-3.

      (b)   The Board may specify at the Date of Grant that part or all of
the Common Shares that are (i) to be issued or transferred by the Corporation
upon the exercise of Option Rights or Appreciation Rights, upon the
termination of the Deferral Period applicable to Deferred Shares or upon
payment under any grant of Performance Shares or Performance Units or (ii) no
longer subject to the substantial risk of forfeiture and restrictions on
transfer referred to in Section 6 of this Plan, shall be subject to further
restrictions on transfer.

      11. ADJUSTMENTS. The Board may make or provide for such adjustments in the
numbers of Common Shares covered by outstanding Option Rights, Appreciation
Rights, Deferred Shares and Performance Shares granted hereunder, in the prices
per share applicable to such Option Rights and Appreciation Rights and in the
kind of shares covered thereby, as the Board, in its sole discretion, exercised
in good faith, may determine is equitably required to prevent dilution or
enlargement of the rights of Participants or Optionees that otherwise would
result from (a) any stock dividend, stock split, combination of shares,
recapitalization or other change in the capital structure of the Corporation or
(b) any merger, consolidation, spin-off, split-off, spin-out, split-up,
reorganization, partial or complete liquidation or other distribution of assets
or issuance of rights or warrants to purchase securities or (c) any other
corporate transaction or event having an effect similar to any of the foregoing.
Moreover, in the event of any such transaction or event, the Board, in its
discretion, may provide in substitution for any or all outstanding awards under
this Plan such alternative consideration as it, in good faith, may determine to
be equitable in the circumstances and may require in connection therewith the
surrender of all awards so replaced. The Board may also make or provide for such
adjustments in the numbers of shares specified in Section 3 of this Plan and in
the number of Option Rights to be granted automatically pursuant to Section 9 of
this Plan as the Board in its sole discretion, exercised in good faith, may
determine is appropriate to reflect any transaction or event described in this
Section 11.

      12.   CHANGE IN CONTROL.  For purposes of this Plan, a "Change in
Control" shall mean if at any time any of the following events shall have
occurred:

                                       13

<Page>

      (a)   The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of
1934, as amended (the "Exchange Act")) (a "Person") of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50%
or more of either: (i) the then-outstanding Common Shares or (ii) the Voting
Shares; provided, however, that the following acquisitions shall not
constitute a Change in Control: (A) any acquisition directly from the
Corporation, (B) any acquisition by the Corporation, (C) any acquisition by
any employee benefit plan (or related trust) sponsored or maintained by the
Corporation or any Subsidiary of the Corporation or (D) any acquisition by
any Person pursuant to a transaction that complies with clauses (i), (ii) and
(iii) of Section 12(c) of this Plan; or

      (b)   Individuals who, as of the Effective Date, constitute the Board
(the "Incumbent Board") cease for any reason (other than death or disability)
to constitute at least a majority of the Board; provided, however, that any
individual becoming a director subsequent to the Effective Date, whose
election, or nomination for election by the Corporation's stockholders, was
approved by a vote of at least a majority of the directors then comprising
the Incumbent Board (either by a specific vote or by approval of the proxy
statement of the Corporation in which such person is named as a nominee for
director, without objection to such nomination) shall be considered as though
such individual were a member of the Incumbent Board, but excluding for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest (within the meaning of
Rule 14a-11 of the Exchange Act) with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents
by or on behalf of a Person other than the Board; PROVIDED, FURTHER, that
Finally Designated Members (as defined in the Plan of Reorganization) who
replace Interim Members (as defined in the Plan of Reorganization) on the
Board in accordance with the Plan of Reorganization and Bylaw 10(b) of the
Corporation's Amended and Restated Bylaws shall be considered as though such
Finally Designated Members were members of the Incumbent Board; or

      (c)   Consummation of a reorganization, merger or consolidation or sale
or other disposition of all or substantially all of the assets of the
Corporation (a "Business Combination"), in each case, unless, following such
Business Combination, (i) all or substantially all of the individuals and
entities who were the beneficial owners, respectively, of the Common Shares
and Voting Shares immediately prior to such Business Combination beneficially
own, directly or indirectly, more than 50% of, respectively, the
then-outstanding shares of common stock and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election
of directors, as the case may be, of the entity resulting from such Business
Combination (including, without limitation, an entity that as a result of
such transaction owns the Corporation or all or substantially all of the
Corporation's assets either directly or through one or more subsidiaries) in
substantially the same proportions relative to each other as their ownership,
immediately prior to such Business Combination, of the Common Shares and
Voting Shares, as the case may be, (ii) no Person (excluding any entity
resulting from such Business Combination or any employee benefit plan (or
related trust) sponsored or maintained by the Corporation or such entity
resulting from such Business Combination) beneficially owns, directly or
indirectly, 15% or more of, respectively, the then-outstanding shares of
common stock of the entity resulting from such Business Combination, or the

                                       14

<Page>

combined voting power of the then-outstanding voting securities of such
corporation except to the extent that such ownership existed prior to the
Business Combination and (iii) at least a majority of the members of the
board of directors of the corporation resulting from such Business
Combination were members of the Incumbent Board at the time of the execution
of the initial agreement, or of the action of the Board providing for such
Business Combination; or

      (d)   Approval by the stockholders of the Corporation of a complete
liquidation or dissolution of the Corporation.

      13.   FRACTIONAL SHARES.  The Corporation shall not be required to
issue any fractional Common Shares pursuant to this Plan.  The Board may
provide for the elimination of fractions or for the settlement of fractions
in cash.

      14. WITHHOLDING TAXES. To the extent that the Corporation is required to
withhold federal, state, local or foreign taxes in connection with any payment
made or benefit realized by a Participant or other person under this Plan, and
the amounts available to the Corporation for such withholding are insufficient,
it shall be a condition to the receipt of such payment or the realization of
such benefit that the Participant or such other person make arrangements
satisfactory to the Corporation for payment of the balance of such taxes
required to be withheld, which arrangements (in the discretion of the Board) may
include relinquishment of a portion of such benefit. Participants shall also
make such arrangements as the Corporation may require for the payment of any
withholding tax obligations that may arise in connection with the disposition of
shares acquired upon the execution of Option Rights. In no event, however, shall
the Corporation accept Common Shares for payment of taxes in excess of required
tax withholding rates, except that, in the discretion of the Committee, a
Participant or such other person may surrender Common Shares owned for more than
six months to satisfy any tax obligations resulting from any such transaction.

      15. PARTICIPATION BY EMPLOYEES OF DESIGNATED SUBSIDIARIES. As a condition
to the effectiveness of any grant or award to be made hereunder to a Participant
who is an employee of a Designated Subsidiary, whether or not such Participant
is also employed by the Corporation or another Subsidiary, the Board may require
such Designated Subsidiary to agree to transfer to such employee (when, as and
if provided for under this Plan and any applicable agreement entered into with
any such employee pursuant to this Plan) the Common Shares that would otherwise
be delivered by the Corporation, upon receipt by such Designated Subsidiary of
any consideration then otherwise payable by such Participant to the Corporation.
Any such award shall be evidenced by an agreement between the Participant and
the Designated Subsidiary, in lieu of the Corporation, on terms consistent with
this Plan and approved by the Board and such Designated Subsidiary. All such
Common Shares so delivered by or to a Designated Subsidiary shall be treated as
if they had been delivered by or to the Corporation for purposes of Section 3 of
this Plan, and all references to the Corporation in this Plan shall be deemed to
refer to such Designated Subsidiary, except for purposes of the definition of
"Board" and except in other cases where the context otherwise requires.

      16. FOREIGN EMPLOYEES. In order to facilitate the making of any grant or
combination of grants under this Plan, the Board may provide for such special
terms for awards to Participants who are foreign nationals or who are employed
by the Corporation or any Subsidiary outside of

                                       15

<Page>

the United States of America as the Board may consider necessary or
appropriate to accommodate differences in local law, tax policy or custom.
Moreover, the Board may approve such supplements to or amendments,
restatements or alternative versions of this Plan as it may consider
necessary or appropriate for such purposes, without thereby affecting the
terms of this Plan as in effect for any other purpose, and the Secretary or
other appropriate officer of the Corporation may certify any such document as
having been approved and adopted in the same manner as this Plan. No such
special terms, supplements, amendments or restatements, however, shall
include any provisions that are inconsistent with the terms of this Plan as
then in effect unless this Plan could have been amended to eliminate such
inconsistency without further approval by the shareholders of the Corporation.

      17. ADMINISTRATION OF THE PLAN. (a) This Plan shall be administered by the
Board, which may from time to time delegate all or any part of its authority
under this Plan to a committee of the Board (or subcommittee thereof),
consisting of not less than three Non-Employee Directors appointed by the Board
of Directors, each of whom shall be a "Non-Employee Director" within the meaning
of Rule 16b-3 and an "outside director" within the meaning of Section 162(m) of
the Code. A majority of the committee (or subcommittee thereof) shall constitute
a quorum, and the action of the members of the committee (or subcommittee
thereof) present at any meeting at which a quorum is present, or acts
unanimously approved in writing, shall be the acts of the committee (or
subcommittee thereof).

      (b)   The interpretation and construction by the Board of any provision
of this Plan or of any agreement, notification or document evidencing the
grant of Option Rights, Appreciation Rights, Restricted Shares, Deferred
Shares, Performance Shares or Performance Units and any determination by the
Board pursuant to any provision of this Plan or of any such agreement,
notification or document shall be final and conclusive.  No member of the
Board shall be liable for any such action or determination made in good faith.

      18.   GOVERNING LAW.  The Plan and all awards granted and actions taken
thereunder shall be governed by and construed in accordance with the internal
substantive laws of the State of Delaware.

      19. AMENDMENTS, ETC. (a) The Board may at any time and from time to time
amend the Plan in whole or in part; provided, however, that any amendment that
must be approved by the shareholders of the Corporation in order to comply with
applicable law or the rules of any national securities exchange upon which the
Common Shares are traded or quoted shall not be effective unless and until such
approval has been obtained. Presentation of this Plan or any amendment hereof
for shareholder approval shall not be construed to limit the Corporation's
authority to offer similar or dissimilar benefits in plans that do not require
shareholder approval.

      (b) The Board also may permit Participants to elect to defer the
issuance of Common Shares or the settlement of awards in cash under the Plan
pursuant to such rules, procedures or programs as it may establish for
purposes of this Plan. The Board also may provide that deferred issuances or
settlements include the payment or crediting of dividend equivalents or
interest on the deferral amounts.

                                       16

<Page>

      (c)   The Board may condition the grant of any award or combination of
awards authorized under this Plan on the surrender or deferral by the
Participant of his or her right to receive a cash bonus or other compensation
otherwise payable by the Corporation or a Subsidiary to the Participant.

      (d)   In case of termination of employment by reason of death,
disability or normal or early retirement, or in the case of hardship or other
special circumstances, of a Participant who holds an Option Right or
Appreciation Right not immediately exercisable in full, or any Restricted
Shares as to which the substantial risk of forfeiture or the prohibition or
restriction on transfer has not lapsed, or any Deferred Shares as to which
the Deferral Period has not been completed, or any Performance Shares or
Performance Units that have not been fully earned, or who holds Common Shares
subject to any transfer restriction imposed pursuant to Section 10(b) of this
Plan, the Board may, in its sole discretion, accelerate the time at which
such Option Right or Appreciation Right may be exercised or the time at which
such substantial risk of forfeiture or prohibition or restriction on transfer
will lapse or the time when such Deferral Period will end or the time at
which such Performance Shares or Performance Units will be deemed to have
been fully earned or the time when such transfer restriction will terminate
or may waive any other limitation or requirement under any such award.

      (e)   This Plan shall not confer upon any Participant any right with
respect to continuance of employment or other service with the Corporation or
any Subsidiary, nor shall it interfere in any way with any right the
Corporation or any Subsidiary would otherwise have to terminate such
Participant's employment or other service at any time.

      (f)   To the extent that any provision of this Plan would prevent any
Option Right that was intended to qualify as an Incentive Stock Option from
qualifying as such, that provision shall be null and void with respect to
such Option Right. Such provision, however, shall remain in effect for other
Option Rights and there shall be no further effect on any provision of this
Plan.

      (g)   This Plan, the awarding and vesting of Appreciation Rights,
Deferred Shares, Option Rights, Performance Shares, Performance Units or
Restricted Shares under this Plan and the issuance and delivery of Common
Shares and the payment of money under this Plan or under Appreciation Rights,
Deferred Shares, Option Rights, Performance Shares, Performance Units or
Restricted Shares awarded hereunder are subject to compliance with all
applicable federal and state laws, rules and regulations, including (without
limitation) state and federal securities  law and federal margin requirements
and to such approvals by any listing, regulatory or governmental authority as
may, in the opinion of counsel for the Corporation, be necessary or advisable
in connection therewith.  Any securities delivered under this Plan shall be
subject to such restrictions, and the person acquiring such securities shall,
if requested by the Corporation, provide such assurances and presentations to
the Corporation as the Corporation may deem necessary or desirable to assure
compliance with all applicable legal requirements. To the extent permitted by
applicable law, the Plan, Appreciation Rights, Deferred Shares, Option
rights, Performance shares, Performance Units and Restricted Shares awarded
hereunder shall be deemed amended to the extent necessary to conform to such
laws, rules and regulations.

                                       17

<Page>

      20. TERMINATION. No grant (other than an automatic grant of Reload Option
Rights) shall be made under this Plan more than ten years after the Effective
Date, but all grants made on or prior to such date shall continue in effect
thereafter subject to the terms thereof and of this Plan.

                                       18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00033-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00033-of-00352.parquet"}]]