These are top 10 stocks traded on the Robinhood UK platform in July
DALLAS - AECOM (NYSE:ACM), a prominent player in the Construction & Engineering industry with a market capitalization of nearly $15 billion, has been awarded three architect-engineer indefinite delivery, indefinite quantity contracts by the U.S. Army Corps of Engineers Honolulu District, the company announced Monday in a press release. According to InvestingPro data, the company has demonstrated strong market performance with a 28% return over the past year.
The contracts, with a combined ceiling of more than $400 million, will see AECOM provide architectural design, civil design, and environmental planning services across the Pacific region to support U.S. Army infrastructure modernization and mission readiness. InvestingPro analysis shows the company maintains a solid financial health score, suggesting strong capability to execute such large-scale projects.
Under the agreements, AECOM will advance infrastructure projects aimed at increasing capacity and modernizing facilities throughout the Pacific area of responsibility. The company will deliver environmental planning services, sustainable architectural and civil design solutions, and strategic planning expertise.
AECOM has partnered with the Honolulu District for over 60 years and has completed several significant projects in the region, including the U.S. Army Pacific Command and Control Facility at Fort Shafter, Echo Pier restoration on the Kwajalein Atoll, and the Pearl Harbor Naval Shipyard Dry Dock Environmental Impact Statement.
"From environmental planning to civil and architectural design, we bring deep local knowledge and leading-edge technical solutions to deliver resilient, sustainable outcomes," said Matt Crane, chief executive of AECOM’s U.S. West region.
The multi-award contracts support the U.S. Department of Defense’s Pacific Deterrence Initiative, which aims to strengthen military capabilities in the region.
AECOM, a Fortune 500 firm that reported revenue of $16.1 billion in fiscal year 2024, provides professional services in water, environment, energy, transportation and buildings sectors. For investors seeking deeper insights, InvestingPro offers comprehensive analysis through its Pro Research Report, including detailed financial metrics, growth prospects, and expert analysis of AECOM’s market position among 1,400+ top US stocks.
In other recent news, AECOM reported revenue of $16.1 billion for fiscal year 2024. The company has initiated a $1 billion senior notes offering to refinance its existing debt, specifically targeting the redemption of its 5.125% Senior Notes due 2027. AECOM has also been appointed as an ecosystem delivery partner for VolkerRail under Network Rail’s Southern Renewals Enterprise, which is part of a £9 billion renewals portfolio in the UK. In Australia, AECOM has been selected as the technical advisor for VicGrid, a Victorian government agency focused on energy infrastructure. Additionally, AECOM is among several U.S. companies competing for a $3 billion contract for energy and water conservation services overseen by the U.S. Army Corps of Engineers. On the analyst front, KeyBanc has raised its price target for AECOM to $129 from $120, maintaining an Overweight rating due to the firm’s diversified market exposure. KeyBanc expects AECOM to continue its long-term net service revenue growth and margin expansion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.