Weekly News Bulletin: Jun. 7-13, 2004


Lockheed Martin Wins EPA OSW Contract

Lockheed Martin (NYSE: LMT) has won a five-year contract to provide technical, analytical and information technology support for the EPA's Office of Solid Waste and Emergency Response. The contract has a base value of $89 million, and a total value of $143 million. Under the Response Engineering and Analytical Contract, Lockheed teams will be on alert 24 hours a day, ready to respond national and international incidents involving releases of oil and hazardous materials and uncontrolled hazardous waste sites. The teams support ERT Centers located in Edison, N.J.; Cincinnati, Ohio; and Las Vegas, Nev...Read More »



EPA Removes NJ Site From Superfund List

The federal EPA has removed the Florence Land Recountouring Site in Burlington County from the Superfund list, ending its 20-year tenure on the list. The 60-acre site was licensed as an MSW landfill that closed in 1981, but illegally dumped chemical waste at the site contaminated soil and groundwater. The EPA installed a liner and cap, and drained two lagoons onsite...Read More »



Safety-Kleen Settlement Leaves S.C. Potentially Liable For Cleanup

South Carolina officials have agreed to a settlement with the bankrupt Safety-Kleen Corp. that includes releasing the company from responsibility for cleanup at its rural Sumter County landfill. The company purchased an annuity that will pay the state about $1 million to $3 million for 100 years, and also left $14.5 million for a major cleanup. The total amount for cleanup comes to about $49 million, but an independent estimate put the total potential cleanup cost from a major spill at $133 million. Some officials have expressed concern that if the 279-acre landfill were to leak, the state would be on the hook for the remainder of the cleanup. But negotiators defended the settlement as one of the best that creditors reached with the company...Read More »



Waste Management Closes Two Alaska Incinerators

Waste Management will close its two incinerators in Juneau, Alaska and rely entirely on its landfill for disposal. Company officials said the incinerators have reached the end of their 20-year usable life, and are too expensive to replace. The landfill now has an estimated 30 years of capacity. Juneau officials are working to increase the number of residents recycling-currently pegged at 5 percent-by rolling out education campaigns...Read More »



Versar Wins $6.5M Air Force Restoration Contract

Versar, Inc. (Amex: VSR) has won a project under its Air Force Worldwide Environmental Restoration and Construction Contract to repair and replace roofing systems for the Defense Logistics Agency. The company's work will include abatement, demolishing and disposing of the existing roof and installing a new roofing system for buildings at DLA's San Diego Defense Distribution Center. The $6.5 million project is scheduled to be completed at the end of this year...Read More »



Stericycle Inc. Acquires First UK Company

Stericycle, Inc. (NASDAQ: SRCL) has completed the acquisition of White Rose Environmental Limited, a provider of medical waste management services in the United Kingdom, for approximately $52.3 million in cash and $11.5 million in notes. The acquisition is expected to add approximately $28 million to this year's revenues. In the last fiscal year, White Rose, headquartered in Leeds, England, had revenues of approximately $49 million...Read More »


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