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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number 1-12054
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NOTIFICATION OF LATE FILING
(Check One): [_] Form 10-K [_] Form 20-F [X] Form 10-Q [_] Form N-SAR
For Period Ended: September 1, 2000
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[_] Transition Report on Form 10-K
[_] Transition Report on Form 20-F
[_] Transition Report on Form 11-K
[_] Transition Report on Form 10-Q
[_] Transition Report on Form N-SAR
For the Transition Period Ended: ___________
Read Instruction Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
Washington Group International, Inc.
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Full Name of Registrant
Morrison Knudsen Corporation
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Former Name if Applicable
720 Park Boulevard
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Address of Principal Executive Officer (Street and Number)
Boise, Idaho 83712
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City, State and Zip Code
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PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the fifteenth calendar day following the
[X] prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-
25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-
Q, N-SAR or the transition report portion thereof could not be filed within the
prescribed time period (Attach extra sheets if needed)
On July 7, 2000, Washington Group International, Inc. acquired
substantially all the assets and operations of the Raytheon Engineers &
Constructors business ("RE&C") of Raytheon Company. Shortly after completing the
acquisition, Washington Group began a comprehensive review of existing contracts
and related projects that were acquired for the purpose of making a preliminary
allocation of the acquisition price to the net assets acquired. As part of the
ongoing review, Washington Group is evaluating, among other matters, estimates
of the cost to complete for long-term contracts in process as of the acquisition
date. The review requires careful analysis of numerous estimates as well as a
substantial amount of underlying supporting data. Additional time is needed in
order to make this preliminary allocation and to reflect the impact of the
review and resulting allocation on the financial information to be included in
Washington Group's Quarterly Report on Form 10-Q for the quarterly period ended
September 1, 2000.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Richard D. Parry 208 386-5000
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(Name) (Area Code) (Telephone Number)
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(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been
filed? If the answer is no, identify report(s).
[X] Yes [_] No
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(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof.
[X] Yes [_] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Results of operations for the quarterly and nine-month periods ended
September 1, 2000 are not comparable to results of operations for the
corresponding periods in the last fiscal year due to Washington Group's
acquisition of RE&C on July 7, 2000. Washington Group cannot at this time
reasonably estimate the results for the periods ended September 1, 2000. See
Part III above.
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Washington Group International, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date October 17, 2000 By /s/ Anthony S. Cleberg
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Executive Vice President and Chief
Financial Officer, in his respective
capacities as such
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