Latest news with #OptimizedRemediationContract
Yahoo
28-05-2025
- Business
- Yahoo
ACM Stock Gains on Optimized Remediation Contract Win From USACE
AECOM ACM has been selected by the U.S. Army Corps of Engineers (USACE) Los Angeles District for a 10-year Optimized Remediation Contract (ORC).ACM stock climbed 1.6% during yesterday's trading hours. The optimized remediation contract outlines the scope of offering environmental remediation services at Vandenberg Space Force Base on California's Central Coast. With a value of $81.3 million, this contract win by AECOM highlights its strong position in offering mission-critical solutions the contract, the company will be offering various services, including a range of remediation and management activities at 60 sites throughout Vandenberg Space Force Base. Moreover, ACM will utilize top-tier digital tools to enhance data collection, analysis and reporting, resulting in an optimized approach to site Matt Crane, chief executive of AECOM's U.S. West region, 'By leveraging the principles of our Sustainable Legacies strategy and applying cutting-edge digital innovations, we are accelerating progress toward lasting restoration at Vandenberg Space Force Base.' AECOM has been witnessing robust prospects in each of its segments. Currently, it has a good visibility of a strong backlog and pipelines for the upcoming quarters. Owing to the improving global scenario, which is fostering infrastructural demand, there has been an increase in demand for ACM's services. This improving trend is reflected in the company's backlog of the end of the second quarter of fiscal 2025, the total backlog was $24.27 billion, up 3% from $23.74 billion in the prior-year period. The current backlog level includes 54.9% contracted backlog, which grew 5% year over year. AECOM's ability to consistently secure large, complex projects underpins its competitive advantage. The company maintains a win rate of more than 50% for large pursuits, which rises further for projects exceeding $25 million. Image Source: Zacks Investment Research Shares of this provider of professional, technical and management solutions have gained 2.4% year to date against the Zacks Engineering - R and D Services industry's 0.6% decline. With the $1.2 trillion IIJA funding accelerating in the United States and the U.K. government prioritizing investments in infrastructure, led by the transportation and water markets, the company's growth prospects seem encouraging. AECOM currently carries a Zacks Rank #2 (Buy).Here are some other top-ranked stocks from the Construction Perini Corporation TPC currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks company delivered a trailing four-quarter earnings surprise of 264.7%, on average. The stock has risen 52.5% year to date. The Zacks Consensus Estimate for Tutor Perini's 2025 sales and earnings per share (EPS) implies an increase of 17.3% and 158.8%, respectively, from a year Partners, Inc. ROAD currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter earnings surprise of 97.4%, on average. The stock has trended up 20.9% year to Zacks Consensus Estimate for Construction Partners' fiscal 2025 sales and EPS implies an increase of 53% and 60.9%, respectively, from a year Industries, Inc. ROCK currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter earnings surprise of 3.1%, on average. The stock has inched up 3.1% year to Zacks Consensus Estimate for Gibraltar's 2025 sales and EPS implies an increase of 9.3% and 15.8%, respectively, from a year ago. 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 AECOM (ACM) : Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report Tutor Perini Corporation (TPC) : Free Stock Analysis Report Construction Partners, Inc. (ROAD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
27-05-2025
- Business
- Yahoo
AECOM awarded a more than $80 million environmental remediation contract for Vandenberg Space Force Base in California
DALLAS, May 27, 2025--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it has been awarded an Optimized Remediation Contract (ORC) by the U.S. Army Corps of Engineers (USACE) Los Angeles District to provide environmental remediation services at Vandenberg Space Force Base on California's Central Coast. The 10-year, $81.3-million single award is one of the largest optimized remediation contracts awarded by the USACE Los Angeles District, reinforcing AECOM's position as a trusted partner in delivering mission-critical solutions. "We are honored to expand our long-standing relationship with the Department of Defense and lead this critical work at Vandenberg Space Force Base," said Frank Sweet, chief executive of AECOM's global Environment business. "Through innovative, sustainable remediation solutions, we're helping to restore natural systems and deliver impactful environmental outcomes that align with our clients' long-term goals." The contract includes a range of remediation and management activities at 60 sites throughout the base. Additionally, state-of-the-art digital tools will be utilized to enhance data collection, analysis, and reporting, resulting in an optimized approach to site remediation. "As the sole contractor for this project, our team's deep experience delivering complex environmental solutions across California and for the U.S. Army Corps of Engineers uniquely positions us to support this mission," said Matt Crane, Chief Executive of AECOM's U.S. West Region. "By leveraging the principles of our Sustainable Legacies strategy and applying cutting-edge digital innovations, we are accelerating progress toward lasting restoration at Vandenberg Space Force Base." About AECOMAECOM (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 StatementsAll 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. View source version on Contacts Media Contact: Brendan Ranson-WalshSenior Vice President, Global Media Contact: Will GabrielskiSenior Vice President, Finance, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
AECOM awarded a more than $80 million environmental remediation contract for Vandenberg Space Force Base in California
DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it has been awarded an Optimized Remediation Contract (ORC) by the U.S. Army Corps of Engineers (USACE) Los Angeles District to provide environmental remediation services at Vandenberg Space Force Base on California's Central Coast. The 10-year, $81.3-million single award is one of the largest optimized remediation contracts awarded by the USACE Los Angeles District, reinforcing AECOM's position as a trusted partner in delivering mission-critical solutions. 'We are honored to expand our long-standing relationship with the Department of Defense and lead this critical work at Vandenberg Space Force Base,' said Frank Sweet, chief executive of AECOM's global Environment business. 'Through innovative, sustainable remediation solutions, we're helping to restore natural systems and deliver impactful environmental outcomes that align with our clients' long-term goals.' The contract includes a range of remediation and management activities at 60 sites throughout the base. Additionally, state-of-the-art digital tools will be utilized to enhance data collection, analysis, and reporting, resulting in an optimized approach to site remediation. 'As the sole contractor for this project, our team's deep experience delivering complex environmental solutions across California and for the U.S. Army Corps of Engineers uniquely positions us to support this mission,' said Matt Crane, Chief Executive of AECOM's U.S. West Region. 'By leveraging the principles of our Sustainable Legacies strategy and applying cutting-edge digital innovations, we are accelerating progress toward lasting restoration at Vandenberg Space Force Base.' 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.
