URS chairman and chief executive officer Martin Koffel said: "Through this combination, both companies will be better positioned to capture growth from favorable trends across the engineering and construction sectors, including the increased investment in infrastructure projects, the focus on emissions reduction and energy independence in the power market, and the increased use of outsourcing by federal agencies, such as the US Departments of Defense and Energy." The companies' combined 2006 revenues would have been US$7.6 billion, the fourth highest among US publicly-traded engineering and construction companies.