Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Richard Paget – Morgan Joseph.
Richard Paget – Morgan Joseph
I wondered if you could talk a little bit more about the Federal sector. I now it’s been a strong growth driver this year. You’re expecting further growth next year even on difficult comps, but how should we think about the longer term cycle? You mentioned a couple of longer term drivers, but are we kind of getting a peak Federal spending this year and next and might there be some kind of back last in mid term elections that might start curbing in some of the budgets?
Martin Koffel
It’s important to remind ourselves that the Federal business we have today is not the monolithic business that we had some years ago. We started out in the Federal business doing environmental work at the EPA and the DOD on military bases, and then we moved into DOD facilities. And then we acquired EG&G and integrated that along the way, and that took us into the provision of technical services and training and O&M.
We’ve done I think a really good job in the last couple of year diversifying beyond DOD even as DOD has grown. And then with the acquisition of Washington of course, we’ve got a very substantial franchise with the DOE which led to the work for the Nuclear Decommissioning Agency in the United Kingdom.
And then we’re diversified beyond that into Department of Homeland Security and substantially into NASA and the NSA and the General Services Administration, and the U.S. Postal Service. So when we think about the drivers behind Federal, it’s not simply one budget, one set of oversight committees.
You’ve got revenue sources ranging from in the case of the personal service, retail sales, to entirely different dynamics for DOE because the legacy from the Cold War has to be cleaned up and contained. You can’t make a political decision to postpone the half life of these projects.
And then we are expanding the military by man count and there’s a very dynamic change going on in the physical infrastructure. So we think with the diversity of those drivers, the fact that we’re at war, and we have to face that, we’ve got two campaigns going, and we’re configuring what we have, we think there’s growth next year and beyond.
Richard Paget – Morgan Joseph
Moving over to the Infrastructure side, new bookings in the quarter have started to grow and I know you mentioned the Saint Bernard Levy Project, any other big projects that were in there and maybe you could characterize the rest of the new awards if there are any particular areas they’re falling in or if it’s widespread.
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