logo
AECOM awarded three U.S. Army Corps of Engineers contracts to support critical infrastructure modernization across the Pacific Region

AECOM awarded three U.S. Army Corps of Engineers contracts to support critical infrastructure modernization across the Pacific Region

National Post21-07-2025
Article content
DALLAS — AECOM (NYSE:ACM), the trusted global infrastructure leader, today announced it has been awarded three architect-engineer indefinite delivery, indefinite quantity (IDIQ) contracts by the U.S. Army Corps of Engineers (USACE) Honolulu District. Under these contracts, AECOM will provide architectural design, civil design, and environmental planning services across the Pacific region in support of the U.S. Army's mission readiness and infrastructure modernization. The three multi-award IDIQ contracts have a combined contract ceiling of more than $400 million.
Article content
'AECOM has proudly partnered with the Honolulu District for more than six decades, and these new awards represent a continued commitment to advancing the U.S. Department of Defense's Pacific Deterrence Initiative throughout the region,' said Matt Crane, chief executive of AECOM's U.S. West region. 'From environmental planning to civil and architectural design, we bring deep local knowledge and leading-edge technical solutions to deliver resilient, sustainable outcomes.'
Article content
AECOM will support USACE in advancing critical infrastructure projects aimed at increasing capacity, modernizing existing facilities, and supporting long-term mission readiness across the Pacific area of responsibility. AECOM's scope includes providing environmental planning services, delivering sustainable architectural and civil design solutions, and providing strategic planning expertise tailored to the unique challenges of the Pacific region.
Article content
'This is an exciting award for our teams, particularly as confirmation of our strong architectural and design role in the region,' said Bane Gaiser, chief executive of AECOM's global Buildings + Places business. 'It's a reflection of our long-standing local partnerships, digital innovations, and strong track record delivering infrastructure that meets today's needs while preparing for tomorrow's challenges.'
Article content
AECOM has extensive expertise in the region, demonstrated through a strong track record of successful project delivery. Significant projects include the award-winning U.S. Army Pacific Command and Control Facility at Fort Shafter, the Echo Pier restoration on the Kwajalein Atoll, the Sand Island Wastewater Secondary Treatment Plant upgrade in Honolulu, the Pearl Harbor Naval Shipyard Dry Dock Environmental Impact Statement, and the Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility Area Development Plan.
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
Article content
213-996-2367
Article content
Article content
Brendan.Ranson-Walsh@aecom.com
Article content
Investor Contact:
Article content
Article content
Will Gabrielski
Article content
Article content
Article content
Article content
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance
Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance

CTV News

time6 minutes ago

  • CTV News

Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance

An electric plug decal is seen on the back of a Tesla electric car in Trenton, N.J. (AP / Mel Evans) SEOUL — South Korea's LG Energy Solution (LGES) has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the U.S. company looks to reduce reliance on Chinese imports due to tariffs. The lithium iron phosphate (LFP) batteries will be supplied from LGES's U.S. factory in Michigan, the person said on condition of anonymity because the details were not public. LGES announced earlier on Wednesday that it had signed a US$4.3 billion contract to supply LFP batteries over three years globally, without identifying the customer or saying if they would be used in vehicles or energy storage systems. The South Korean company said last week it would try to offset sluggish electric vehicle demand by increasing sales of storage batteries thanks to a global surge in demand for power driven by data centers to train artificial intelligence. 'In accordance with our agreement, we are unable to disclose the customer's identity due to confidentiality obligations,' LGES told Reuters. Tesla did not immediately respond to a request for comment. Tesla Chief Financial Officer Vaibhav Taneja said in April that U.S. tariffs had an 'outsized' impact on its energy business, since it sources LFP batteries from China. 'We will also be working on securing additional supply chain from non-China-based suppliers, but it will take time,' he said. Tesla this week also announced a US$16.5 billion deal to buy chips from Samsung Electronics' factory in Texas as South Korean companies expand their U.S. presence to meet local demand. Three South Korean cabinet-level officials met U.S. Commerce Secretary Howard Lutnick in Washington in a push to close a trade deal ahead of an August 1 deadline for 25 per cent tariffs on U.S. imports from South Korea to kick in, Seoul said on Wednesday. U.S. production LGES is one of the few U.S. producers of LFP batteries, a battery chemistry long dominated by Chinese rivals that have little presence in the U.S. market. It started production of LFP batteries at its Michigan factory in May. The company said it was considering converting some electric vehicle battery production lines in the United States to cater to energy storage systems in response to slowing EV demand. LGES said the contract would last from August 2027 to July 2030 and included an option to extend the deal period by up to seven years and to increase supply volumes depending on discussions with its customer. 'Other players, including South Korean firms like Samsung SDI and SK On, have yet to enter the U.S. LFP market, allowing LGES to enjoy a first-mover advantage,' said Cho Hyun-ryul, a senior analyst at Samsung Securities. 'While rivals have announced plans, LGES remains the only one actively producing at scale.' Tesla's energy storage and generation business accounts for just over ten per cent of its revenue but it has been a bright spot for the company as it struggles with slowing car sales and upcoming cuts to U.S. government support for EVs. 'Energy is growing really well despite headwinds from tariffs and various supply chain challenges,' Tesla CEO Elon Musk said on an earnings call last week. 'I think not that many people appreciate just how gigantic the scale of battery demand is.' Tesla has said its first LFP cell manufacturing facility will be online by the end of the year, but the in-house factory in Nevada will likely account for a small portion of its demand. --- Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Jamie Freed

Is Dollar General Quietly Winning With Its Remodel Strategy?
Is Dollar General Quietly Winning With Its Remodel Strategy?

Globe and Mail

time6 minutes ago

  • Globe and Mail

Is Dollar General Quietly Winning With Its Remodel Strategy?

Dollar General Corporation 's DG remodel initiative may not have grabbed the headlines, but its financial and operational impact is harder to overlook. In the first quarter of fiscal 2025 alone, the company remodeled a staggering 1,227 stores — 668 through Project Elevate and 559 under Project Renovate. These efforts are part of a broader plan to execute approximately 4,885 real estate projects in 2025, including 2,000 Project Renovate and 2,250 Project Elevate remodels. While the cost of these upgrades is substantially lower than building new stores, Dollar General expects impressive first-year annualized comp sales lifts of 6-8% for Project Renovate and 3-5% for Project Elevate, converting the mature store base into a growth engine. What makes this remodel strategy powerful is its dual benefit — revitalizing aging stores and improving the in-store experience with category updates and merchandising enhancements. This boosts store productivity per square foot. Additionally, with remodels targeting nearly 20% of the store base each year, DG maintains a continuous refresh cycle without overextending capital. Dollar General's ability to complete most of these remodels by the third quarter also allows for extended sales benefits throughout the fiscal year. With improved shelf availability, leaner inventory and better store standards accompanying these remodels, the company is achieving significant operational improvements. With store construction costs up 40% since 2019, Dollar General's strategic pivot toward remodeling over rapid expansion appears well-calculated. If the early indicators hold, DG may be rewriting the playbook on how to grow without adding square footage. Dollar General's Price Performance, Valuation and Estimates Dollar General stock has rallied 50.4% over the past six months against the industry 's decline of 2.4%. The company has also comfortably outperformed key peers such as Target Corporation TGT and Costco Wholesale Corporation COST. During the same period, Target shares have declined 24.4%, while Costco has seen a 4.6% drop. Dollar General's forward 12-month price-to-earnings ratio of 17.60 reflects a lower valuation compared to the industry's average of 31.65. DG carries a Value Score of A. DG is trading at a premium to Target (with a forward 12-month P/E ratio of 13.28) but at a discount to Costco (47.31). The Zacks Consensus Estimate for Dollar General's current financial-year sales suggests year-over-year growth of 4.4%, while estimates for earnings per share imply a decline of 2.5%. Dollar General currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report

Harley-Davidson offloads loans worth US$5 billion; tariffs hit second-quarter profit
Harley-Davidson offloads loans worth US$5 billion; tariffs hit second-quarter profit

CTV News

time36 minutes ago

  • CTV News

Harley-Davidson offloads loans worth US$5 billion; tariffs hit second-quarter profit

In this Monday, April 24, 2017, photo, Harley-Davidson Road King motorcycles are displayed at the Motorcycles of Manchester dealership in Manchester, N.H. (AP Photo/Charles Krupa) Harley-Davidson posted a lower-than-expected profit for the second quarter and did not provide an annual forecast on Wednesday, as U.S. President Donald Trump's tariffs continued to weigh on the motorcycle maker. However, shares of the company rose nearly 20 per cent after the company said that it would offload loans from its financial unit to KKR and PIMCO valued at over US$5 billion. Leisure vehicle demand has been on a decline in the U.S., with consumers rethinking non-essential purchases in an uncertain economy. Harley's sales have also taken a hit over the years as its bikes struggle to resonate with younger riders, who are looking for fuel efficient models instead with modern safety features. 'Given that the global tariff and business outlook especially for discretionary product purchases remains uncertain, we continue to withhold our full year HDMC (Harley Davidson Motorcycle Company) 2025 financial outlook,' Harley-Davidson said. Between February and now, close to 100 U.S. companies have either withdrawn or cut their guidance as uncertainty over tariffs throws financial planning out of gear, with most of them from the consumer and automotive and transportation sectors, according to Reuters calculations. Harley-Davidson's profit fell to US$108 million, or 88 cents per share, in the second quarter from US$218 million, or US$1.63 per share, a year earlier. Analysts on average had expected a profit of 96 cents per share, according to data compiled by LSEG. --- Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store