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Business Wire
4 days ago
- Business
- Business Wire
AECOM awarded global U.S. Air Force contract to support environmental programs
DALLAS--(BUSINESS WIRE)--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. '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.' 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. '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.' The contract ceiling is $1.5 billion, with services to be delivered over a five-year base period and a five-year option period. About AECOM 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 Forward Looking Statements 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.
Associated Press
14-04-2025
- Business
- Associated Press
Parsons Wins Seat on $1.5 Billion Air Force Civil Engineering Center Environmental Services Contract Addressing PFAS
CHANTILLY, Va., April 14, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on a $1.5 billion indefinite-delivery, indefinite-quantity multiple award task order contract by the Air Force Civil Engineering Center (AFCEC) to provide architect-engineer services addressing environmental issues, including emerging contaminants such as per- and polyfluoroalkyl substances (PFAS). The contract includes a five-year base period and five one-year option periods, including an option to extend another six months. Under this contract, Parsons will compete for task orders based on qualifications to address environmental issues, including restoration and compliance; conservation and planning and programming; emerging issues and contaminants; and quality and other areas of essential support, at United States Air Force installations worldwide and for other federal clients such as the Defense Logistics Agency and NASA. 'Parsons remains committed to providing the federal government with state-of-the-art, cost-effective solutions for a cleaner, safer environment,' said Jon Moretta, President, Engineered Systems for Parsons. 'As a leader in environmental remediation solutions, we will leverage our experience, capabilities, and innovative technologies to combat challenges, such as PFAS, and support AFCEC in providing responsive and flexible full-spectrum installation engineering services.' Parsons has more than 50 years of experience delivering environmental engineering services in support of the Department of Defense, including investigation and remediation of PFAS. In October 2024, the company announced it was selected by the National Guard Bureau to manage the operation and maintenance of a PFAS groundwater treatment system at Burlington Air National Guard Base, Vermont. Parsons' industry-leading solutions were significantly enhanced with the acquisition of TRS Group, Inc., an environmental remediation technology provider, in February 2025. To learn more about Parsons' PFAS experience, visit About Parsons: Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit follow us onLinkedInandFacebookto learn how we're making an impact. Forward-Looking Statements: Media Contact: Jonathan Larry +1 706.832.7330 [email protected] Investor Relations Contact: Dave Spille +1 703.775.6191 [email protected]
