AECOM awarded global U.S. Air Force contract to support environmental programs
Article content
DALLAS — AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it has been selected by the U.S. Air Force Civil Engineer Center (AFCEC) to deliver global architecture and engineering services through a multiple award task order contract (MATOC) under an indefinite delivery, indefinite quantity framework. The contract supports a wide range of environmental initiatives, including restoration, conservation, planning, and environmental quality for the U.S. Air Force and other federal agencies.
Article content
'Our team is honored to support the Air Force's mission with innovative, sustainable solutions that address complex environmental challenges around the world,' said Lara Poloni, AECOM's president. 'This contract reflects the trust our federal partners place in AECOM's technical excellence and ability to deliver. It strengthens our role in helping protect natural resources while supporting operational readiness across global installations.'
Article content
Under this MATOC, AECOM will provide comprehensive environmental services to the U.S. Air Force, Air Force Materiel Command, Air Force Installation and Mission Support Center, AFCEC, and various Department of Defense and federal stakeholders. Services will span the full project lifecycle—from planning, assessment and investigation to construction-phase design and long-term operations and management support.
Article content
'AECOM is proud to continue supporting the U.S. Air Force with our industry-leading, integrated environmental and engineering expertise that aligns with national security and sustainability goals,' said Frank Sweet, chief executive of AECOM's global Environment business. 'This contract exemplifies the rising demand for resilient, future-ready infrastructure that addresses both national security imperatives and environmental sustainability.'
Article content
The contract ceiling is $1.5 billion, with services to be delivered over a five-year base period and a five-year option period.
Article content
About AECOM
Article content
AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at aecom.com.
Article content
Forward Looking Statements
Article content
All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Article content
Article content
Article content
Media Contact:
Article content
Article content
Brendan Ranson-Walsh
Article content
213.996.2367
Article content
Article content
Brendan.Ranson-Walsh@aecom.com
Article content
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
35 minutes ago
- Globe and Mail
Analysts Love DraftKings Stock, But This New Tax Bill Could Send DKNG Shares Plunging
Valued at a market cap of roughly $17 billion, DraftKings (DKNG) operates as a digital sports entertainment and gaming company. It offers online sports betting, daily fantasy sports, iGaming products including casino games, and retail sportsbooks across the U.S. and internationally. The Boston-based company also develops gaming software for operators, and provides digital lottery services and media content. DKNG stock went public in 2019 and currently trades 55% below all-time highs. However, the stock has also gained over 150% in the last three years, driven by improving profit margins and steady revenue growth. DKNG stock fell 6% on Monday, June 2 following the approval of a budget in Illinois that imposes new wager taxes on the industry. According to a CNBC report, Illinois will implement a $0.25 tax per wager on the first 20 million online sports bets annually, rising to $0.50 thereafter. Truist analyst Barry Jonas called the duties a 'surprise,' noting it's the second consecutive year of unexpected state taxes on betting operators. Jonas expects DraftKings and FanDuel (FLUT) to surpass 20 million wagers, triggering the higher tax rate. Illinois will have among the highest rates nationally under the new plan. Wall Street has warned that other states may follow Illinois' lead in addressing budget deficits through sports betting taxes. CNBC explained that current statewide digital sports betting taxes range from 51% in New Hampshire, New York, and Rhode Island to 6.75% in Nevada and Iowa. Further, only 27 states, plus the District of Columbia, currently permit online sports betting statewide. Is DraftKings Stock a Good Buy Right Now? In Q1, DraftKings reported first-quarter revenue of $1.409 billion, a 20% year-over-year increase. Still, it revised full-year guidance downward due to unfavorable sports betting outcomes that offset strong underlying business fundamentals. Management revised 2025 revenue guidance to $6.3 billion at the midpoint from $6.45 billion, while adjusted EBITDA guidance dropped to $850 million from $950 million. The sports betting giant generated nearly $103 million in adjusted EBITDA for the quarter while demonstrating continued strength in core operational metrics. CEO Jason Robins emphasized that core value drivers are outperforming expectations, with product enhancements driving higher structural hold rates and more efficient promotional deployment. The company's adjusted gross margin expanded by more than 100 basis points year-over-year to 45%, reflecting both hold percentages and promotional efficiency gains. Live betting emerged as a significant growth driver, exceeding 50% of the total handle for the first time in the company's history. Recent acquisitions, including Simplebet and Sports IQ, are contributing to enhanced live betting capabilities, with MLB live handle up 36% year-over-year in April. DraftKings completed the quarter with $1.1 billion in cash after repurchasing $140 million worth of shares. It expects to generate approximately $750 million in free cash flow for 2025, which will support its $1 billion share buyback authorization. What Is the Target Price for DKNG Stock? Analysts expect DraftKings' sales to increase from $4.77 billion in 2024 to $11.08 billion in 2029. Comparatively, adjusted earnings are forecast to expand from $0.24 per share to $3.82 per share in this period. DKNG stock trades at a forward price-earnings multiple of 22x, which is reasonable. If priced at 20x, the stock is expected to trade around $75 in June 2029, indicating upside potential of 127% from current levels. Out of the 30 analysts covering DKNG stock, 24 recommend 'Strong Buy,' three recommend 'Moderate Buy,' and three recommend 'Hold.' The average target price for DraftKings stock is $53.48, 60% above the current trading price.


National Post
43 minutes ago
- National Post
U.S. ambassador says Canadians facing device searches, detainment 'not a pattern'
Article content OTTAWA — The American ambassador to Canada is pushing back on Ottawa's travel advice, saying his country doesn't search phones at the border and arguing some Americans travelling here are having a tough time. Article content 'We welcome Canadians to come in and invest, to spend their hard-earned Canadian dollars at U.S. businesses,' U.S. Ambassador Pete Hoekstra told The Canadian Press in an interview Friday. Article content Article content Article content 'If a Canadian has had a disappointing experience coming into the United States, I'm not denying that it happened, but I'm saying it's an isolated event and it is not a pattern.' Article content Article content 'Expect scrutiny at ports of entry, including of electronic devices,' reads the new guidance. Article content There have been reports of Canadians facing intensified scrutiny at the border, having phones searched and, in some cases, being detained. Article content Hoekstra insisted concerns about device searches are not grounded in reality. Article content 'Coming to the U.S., that's a decision for the Canadians to make. Searching devices and all of that is not a well-founded fear. We don't do that. America is a welcoming place,' he said. Article content He said some Americans have expressed similar concerns about Canada. Article content 'I've heard that from Americans coming into Canada as well, OK? Saying, 'You know, we've not received a warm reception when we've gotten to Canadian customs,'' he said. Article content Article content When asked if these reports from American travellers involve arbitrary phone searches and lengthy detainment, Hoekstra said there are consular cases of Americans complaining to the embassy about the Canada Border Services Agency. Article content Article content 'We've said, 'OK this may have been an isolated event. There may have been a Canadian border person who was having a bad day, and thought they'd take it out on, you know, somebody across the border,'' he said. Article content In a statement, the CBSA said its officers follow a code of conduct and the federal ethics code that both require them to treat everyone equally, and the agency investigates any complaints of mistreatment. Article content 'Employees are expected to conduct themselves in a way that upholds the values of integrity, respect and professionalism at all times,' wrote spokeswoman Karine Martel. Article content 'Treating people with respect, dignity and fairness is fundamental to our border services officers' relationship with the public and a key part of this is serving all travellers in a non-discriminatory way.'


CTV News
an hour ago
- CTV News
Musk deletes post claiming Trump ‘in the Epstein files'
Elon Musk listens as U.S. President Donald Trump speaks during a news conference in the Oval Office of the White House, Friday, May 30, 2025, in Washington. (AP Photo/Evan Vucci) Tech billionaire Elon Musk has deleted an explosive allegation linking Donald Trump with disgraced financier Jeffrey Epstein that he posted on social media during a vicious public fallout with the U.S. president this week. Musk -- who exited his role as a top White House advisor just last week -- alleged on Thursday that the Republican leader is featured in secret government files on former associates of Epstein, who died by suicide in 2019 while he faced sex trafficking charges. The Trump administration has acknowledged it is reviewing tens of thousands of documents, videos and investigative material that his 'MAGA' movement says will unmask public figures complicit in Epstein's crimes. 'Time to drop the really big bomb: (Trump) is in the Epstein files,' Musk posted on his social media platform, X as his growing feud with the president boiled over into a spectacularly public row on Thursday. 'That is the real reason they have not been made public.' Musk did not reveal which files he was talking about and offered no evidence for his claim. He initially doubled down on the claim, writing in a follow-up message: 'Mark this post for the future. The truth will come out.' However, he appeared to have deleted both tweets by Saturday morning. Supporters on the conspiratorial end of Trump's 'Make America Great Again' base allege that Epstein's associates had their roles in his crimes covered up by government officials and others. They point the finger at Democrats and Hollywood celebrities, although not at Trump himself. No official source has ever confirmed that the president appears in any of the material. Trump knew and socialized with Epstein but has denied spending time on Little Saint James, the private redoubt in the U.S. Virgin Islands where prosecutors alleged Epstein trafficked underage girls for sex. 'Terrific guy,' Trump, who was Epstein's neighbor in both Florida and New York, said in an early 2000s profile of the financier. 'He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side.' Just last week Trump gave Musk a glowing send-off as he left his cost-cutting role at the so-called U.S. Department of Government Efficiency (DOGE). But their relationship imploded within days as Musk described as an 'abomination' a spending bill that, if passed by Congress, could define Trump's second term in office. Trump hit back in an Oval Office diatribe and from there the row detonated, leaving Washington and riveted social media users alike stunned by the blistering break-up between the world's richest person and the world's most powerful. With real political and economic risks to their row, both then appeared to inch back from the brink on Friday, but the White House denied reports they would talk. Agence France-Presse