Latest news with #PacificDeterrenceInitiative
National Post
29-07-2025
- Business
- National Post
Tetra Tech Selected as Lead Designer for $990 Million Multiple-Award Pacific Engineering Design Contract
Article content PASADENA, Calif. — Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that Naval Facilities Engineering Systems Command (NAVFAC) Pacific has selected the Company, as part of the MVL USA Inc. team, for a $990 million, multiple-award contract to provide architect-engineer services for accelerated infrastructure delivery across the Indo-Pacific region. Article content As MVL USA's lead designer of record, Tetra Tech will support NAVFAC Pacific in the swift delivery of resilient infrastructure projects for the Pacific Deterrence Initiative. Our teams will provide engineering and technical services for design-build projects for new facilities, repair and renovation, and upgrades to buildings, bridges and roads, airfield runways and hangars, fuel storage, and other critical base infrastructure across more than 15 countries. Article content Article content 'Tetra Tech has supported NAVFAC Pacific in their mission to deliver vital infrastructure to support the U.S. Navy in the Indo-Pacific Region for decades,' said Dan Batrack, Tetra Tech Chairman and CEO. 'We look forward to continuing to use our Leading with Science ® approach to design innovative solutions that advance modernization efforts, improve critical military base infrastructure, and strengthen U.S. national security.' Article content About Tetra Tech Article content Tetra Tech Article content Article content LinkedIn Article content and Article content Facebook Article content . Article content Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgment as to what may occur in the future. However, Tetra Tech's actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ('Future Factors'), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section 'Risk Factors' included in the Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. Article content Article content Article content Article content Article content Article content
Business Wire
21-07-2025
- Business
- Business Wire
AECOM awarded three U.S. Army Corps of Engineers contracts to support critical infrastructure modernization across the Pacific Region
DALLAS--(BUSINESS WIRE)--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. '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." 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. "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." 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. 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.
Yahoo
17-06-2025
- Business
- Yahoo
Leonard Kaae Promoted to President of Black Construction Corporation
LOS ANGELES, June 17, 2025--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that Leonard Kaae has been recently promoted to President of Black Construction Corporation ("Black Construction"), the Company's Guam-based subsidiary. Mr. Kaae has worked for Black Construction for more than 40 years, most recently leading the firm's operations and its approximately 2,000 employees as Senior Vice President and General Manager. Under Mr. Kaae's leadership, Black Construction has grown to be the largest general contractor in Guam and the second-largest employer on the island (behind the U.S. federal government). Black Construction has consistently been one of Tutor Perini's most successful and profitable business units, with a record backlog and a large pipeline of bidding opportunities that are expected to increase over the next decade as the U.S. government prioritizes funding for the Pacific Deterrence Initiative and other strategic infrastructure investments in Guam and throughout the Indo-Pacific region. "Leonard exemplifies the type of high caliber leader that Tutor Perini is very fortunate to have leading our Indo-Pacific operations. He is a consummate professional and vital to the continued growth of our business in the region and globally," said Gary Smalley, CEO and President of Tutor Perini. "We congratulate Leonard on his well-deserved promotion." About Tutor Perini Corporation Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection. View source version on Contacts Tutor Perini CorporationJorge Casado, 818-362-8391Senior Vice President, Investor Relations and Corporate 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
17-06-2025
- Business
- Business Wire
Leonard Kaae Promoted to President of Black Construction Corporation
LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the 'Company'), a leading civil, building and specialty construction company, announced today that Leonard Kaae has been recently promoted to President of Black Construction Corporation ('Black Construction'), the Company's Guam-based subsidiary. Mr. Kaae has worked for Black Construction for more than 40 years, most recently leading the firm's operations and its approximately 2,000 employees as Senior Vice President and General Manager. Under Mr. Kaae's leadership, Black Construction has grown to be the largest general contractor in Guam and the second-largest employer on the island (behind the U.S. federal government). Black Construction has consistently been one of Tutor Perini's most successful and profitable business units, with a record backlog and a large pipeline of bidding opportunities that are expected to increase over the next decade as the U.S. government prioritizes funding for the Pacific Deterrence Initiative and other strategic infrastructure investments in Guam and throughout the Indo-Pacific region. 'Leonard exemplifies the type of high caliber leader that Tutor Perini is very fortunate to have leading our Indo-Pacific operations. He is a consummate professional and vital to the continued growth of our business in the region and globally,' said Gary Smalley, CEO and President of Tutor Perini. 'We congratulate Leonard on his well-deserved promotion.' About Tutor Perini Corporation Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection.
Arab News
22-05-2025
- Business
- Arab News
US and Europe must reshape their bonds at this time of crisis
For almost two decades, since Barack Obama's presidency, we have been reading about America's 'pivot to Asia.' This is a shift in Washington's focus from Europe and the Middle East to Asia, with the declared objective of countering China's growing influence. On the ground, it has not quite been visible. But this is changing. The US is on the path of shifting strategic resources from Europe to Asia. This is part of the agenda for next month's NATO Summit. This real change puts Europe and the transatlantic alliance on a new dynamic. How will European nations adapt to this change? The US is now actively planning the reallocation of its military resources from Europe to the Indo-Pacific. Its objective is to counter China's growing military capabilities. This potential reduction of US troops in Europe will be discussed with its NATO allies. The US Department of Defense has enacted this shift and is increasing defense spending in the Indo-Pacific. It has significantly increased its budget allocations: in fiscal year 2023, Congress appropriated about $11.5 billion for the Pacific Deterrence Initiative, surpassing the initial request of $6.1 billion. In comparison, the European Deterrence Initiative received a budget allocation of about $3.7 billion for the same fiscal year, excluding funds for Ukraine. The Pacific funding aims to enhance missile defense systems, radars and space sensors and increase military exercises and training in the region. Media reports have mentioned the modernization of bases in Guam, Okinawa and the Philippines. Moreover, the US is reinforcing strategic alliances such as AUKUS and the Quad, focusing on advanced capabilities and joint military exercises. A major upgrade to the US-Japan security alliance is also underway, enhancing command structures and crisis response coordination. If we read between the lines of European officials, we notice a feeling of abandonment by the US or even, for some, betrayal Khaled Abou Zahr Needless to say, this major shift is taking place at a difficult time for Europe, as war still rages in Ukraine. If we read between the lines of European officials, we notice a feeling of abandonment by the US or even, for some, betrayal. This is an extremely exaggerated reaction and potentially dangerous for Europe and the US. The situation resembles a father telling his pampered son that it is time for him to stand on his own feet. The main risk is the son seeing this as a rejection instead of a constructive action. The immediate reaction is often to prove something to his father, rather than to himself, showing that he can act responsibly. And what typically follows is a reckless and catastrophic misstep. In this case, there is a real risk that, in trying to prove to the US that it can handle its own defense, Europe may rush into an escalation, rather than taking the time to build credible deterrence against Russia. Such a path threatens not only European stability but also the US' strategic repositioning in Asia, which remains a vital line of defense for Europe. This is what we are now seeing on the Ukrainian front: murmurs of escalation, for which NATO and Europe are dangerously unprepared. Despite the mention of sending European troops in case of a lasting peace agreement — as UK Prime Minister Keir Starmer indicated — or the possibility of deploying postconflict 'reassurance forces,' as French President Emmanuel Macron stated, these declarations also seem to hold the possibility of sending troops should the conflict continue. While supporting Ukraine will remain a European priority in this scenario, such a decision would be a grave mistake at this stage. What emerges from this current process among European leaders is the wish to prove the US wrong, instead of taking the time to establish a real deterrence. Achieving a unified 3.5 percent defense spending level across Europe continues to be a major challenge. This should be a priority Khaled Abou Zahr This is why it is important for the US and Europe — and for the future stability of the transatlantic alliance — to reshape their bonds and strategic objectives, especially during this time of crisis. To start with, it is positive to see European countries convinced of the need to increase their military spending, with some even taking their defense spending beyond the mooted target of 3.5 percent of gross domestic product. This is the case for Poland, which spent 4.1 percent last year. Lithuania and Denmark have also moved closer, surpassing 3 percent this year. However, many others, especially in Southern Europe, struggle to meet even the current NATO target of 2 percent of GDP. In March, the European Commission launched its 'Readiness 2030' initiative to mobilize funding by 2029. Despite some progress, significant gaps remain and achieving a unified 3.5 percent defense spending level across Europe continues to be a major challenge. This should be a priority to support the ongoing transition. It is also important to make sure there are no gaps in terms of defense and security capabilities. In light of the current situation in Ukraine, Europe will need to expand its military industrial capacity. The current production levels are insufficient to replenish stockpiles, maintain readiness and respond to any sudden conflict scenarios. This is the only way to establish Europe's strategic autonomy within NATO. And it is something Russia has already put in place. The Europeans should also be aware of what is happening in the Indo-Pacific and have a strategy and an objective to engage with allies there. Japan, South Korea, Australia and India are all European allies, so this region should be within its focus. Europe and the US must remain loyal to the transatlantic alliance despite the new challenges. But it is time to turn the page and Europe must gradually build and assert its deterrence capabilities. This requires Europe to avoid overreacting, while taking greater responsibility for its security and engaging more actively, including in the Indo-Pacific.
