The 11 Companies That Will Rebuild America's Aging Infrastructure
8. KBR Inc. (NYSE: KBR)
> Notable Project: Hull design and support for BP Atlantis rig
> 2013 Revenue: $8.5 billion
> Employees: 27,000
> Dividend Yield: 0.7%
KBR is based in Houston and has been thought of by some of the public as a war-support and disaster-support company. The company’s Government and Infrastructure business offers services to civilian authorities and private clients outside of the military, and it has been able to mobilize workers for disaster assistance perhaps in a faster manner than any other company.
KBR has about 27,000 employees and has historically been able to mobilize far more workers under its network of companies that subcontract and offer support. KBR has a market capitalization of about $4.4 billion, and its expected revenues are about $8.5 billion.
9. McDermott International Inc. (NYSE: MDR)
> Notable Project: Freeport Sulphur Main Pass Mine Complex
> 2013 Revenue: $3.2 billion
> Employees: 13,500
> Dividend Yield: N/A
McDermott went through a separation of sorts with Babcock & Wilcox a couple of years ago. It is a Houston-based engineering and construction company with operations around the globe. Its workforce of about 13,500 mainly serves offshore oil and gas construction, and it installs marine pipelines and subsea production systems. Sales are expected to be close to $3.2 billion this year.
10. Tetra Tech Inc. (NASDAQ: TTEK)
> Notable Projects: USAID Liberia Municipal Water Project, USACE hurricane risk reduction project in New Orleans, Engineering services to upgrade flood protection in the United States capital region
> 2013 Revenue: $2.4 billion
> Employees: 14,000
> Dividend Yield: N/A
Tetra Tech is based in Pasadena, California, and is considered one of the greats when it comes to consulting, engineering, construction, technical services and project management in water infrastructure and resource management. It has about 14,000 employees and operates in water resources, groundwater services and watershed management. It is also into remediation and environmental planning, disaster management and sustainability projects around climate change and carbon management.
The biggest boost is also the biggest potential snag for Tetra Tech: it relies heavily on contracts from federal, state and local government agencies. The company has a market value of $1.8 billion, and it is expected to have revenues of about $2.4 billion this year.
11. URS Corp. (NYSE: URS)
> Notable Projects: $3.6 billion Central Texas Turnpike, technical design and construction oversight of Denver International Airport
> 2013 Revenue: not released
> Employees: 57,000
> Dividend Yield: 2.0%
URS is based in San Francisco and offers engineering, construction and technical services for public agencies and private sector companies around the world with the following: program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; information technology; and decommissioning and closure.
URS clients are the federal government, as well as oil and gas, infrastructure, power, and industrial projects and programs. The company has 57,000 employees worldwide and has a market capitalization of about $3.1 billion.
As you can see, there are many engineering and construction services companies that could win in the race to service the massive infrastructure that needs to be built and repaired. It is not uncommon for more than one of these to work on a project simultaneously, even if these companies do all bid against each other for business. This is a solid list of companies that could all stand to win if the rebuilding of America’s infrastructure is ever allowed to occur.