ARCADIS (EURONEXT: ARCAD), the international consultancy, design and engineering company, announced today that the joint venture composed of its subsidiary RTKL and KlingStubbins is entering the final design phase for the East Coast Headquarters of the National Geospatial Intelligence Agency (NGA). The project has a construction value of approximately US$ 1.2 billion and was awarded to the joint venture by the U.S. Army Corps of Engineers, Baltimore District.
The National Geospatial-Intelligence Agency (NGA) provides geospatial intelligence in support of U.S. national security objectives. In its mission statement, NGA defines geospatial intelligence as "the exploitation and analysis of imagery and geospatial information to describe, assess, and visually depict physical features and geographically referenced activities on the Earth."
The project will consolidate six existing NGA locations in a new campus. It will be approximately 230 thousand square meters and is expected to be sited on 53 hectares near Springfield, Virginia. The design process is expected to be complete in early 2009, with construction completion estimated for fall 2011.
"We are proud that RTKL joined ARCADIS earlier this year, and we are very pleased that RTKL is able to win prestigious large-scale projects from the U.S. government," said Harrie Noy, CEO of ARCADIS. "RTKL's involvement in the NGA project underlines the solid market position RTKL has in the United States and RTKL's ability to support the stable revenue stream ARCADIS is generating through its larger projects with long-term planning cycles."
Please refer to the attached press release by RTKL/KlingStubbins for further details.
RTKL is a worldwide architecture, engineering, planning and creative services organization that became part of the ARCADIS global network in July 2007. RTKL specializes in providing its multi-disciplinary services across the full development cycle to create places of distinction and designs of lasting value.
ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 12,000 employees and $1.9 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, the risk that our delisting from NASDAQ and subsequent deregistration with the SEC will not become effective as currently anticipated, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These and other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company.
