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DALLAS - AECOM (NYSE:ACM), a prominent player in the Construction & Engineering industry with a market capitalization of $14.92 billion, has been selected by the U.S. Army Corps of Engineers (USACE) Europe District to provide architecture and engineering services under two new indefinite delivery, indefinite quantity contracts, according to a press release statement. InvestingPro analysis shows the company maintains a strong financial health score, positioning it well for these significant contracts.
The contracts, with a combined ceiling of more than $490 million, will support military infrastructure projects across Germany, Poland, the Benelux region, Czech Republic, Norway, and Denmark. Both agreements have five-year terms and include Military Construction and Non-Military Construction funding sources.
As the prime contractor, AECOM will deliver multi-disciplinary services for new and renovated military infrastructure, including project planning, concept design, design-build packages, full design, permitting, environmental documentation, and engineering studies. The work will comply with U.S., host nation, and NATO-specific design codes and standards.
The company has been performing similar services under predecessor contracts for more than 15 years. AECOM was also recently awarded a separate five-year contract to provide master planning and design services for the USACE Europe District across 31 countries.
AECOM will leverage its regional presence, which includes more than 25 offices and 2,000 professionals within the contract’s area of responsibility, to execute the projects.
The infrastructure firm, which reported revenue of $16.1 billion in fiscal year 2024, will focus on both horizontal and vertical infrastructure development with an emphasis on resilience in its contract work. Currently trading at $113 per share and near its InvestingPro Fair Value, AECOM has demonstrated strong returns over the past decade. Discover 8 additional exclusive ProTips and comprehensive financial analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, AECOM has secured three significant contracts from the U.S. Army Corps of Engineers Honolulu District, with a combined ceiling exceeding $400 million. These contracts will involve providing architectural design, civil design, and environmental planning services in the Pacific region. Additionally, AECOM has been awarded a $90 million contract modification by the U.S. Department of Defense for architect-engineer services, increasing the total value of this contract. In a strategic move, AECOM has partnered with Saudi Arabia’s Special Integrated Logistics Zones Company to enhance the kingdom’s logistics infrastructure, aligning with Saudi Vision 2030 goals.
Moreover, AECOM’s joint venture with AtkinsRéalis has won a consultancy agreement for the Hong Kong Section of the Hong Kong-Shenzhen Western Rail Link, which includes a 7.3-kilometer section connecting Hung Shui Kiu to Shenzhen. AECOM also announced the total consideration for its cash tender offer for its 5.125% Senior Notes due 2027, set at $1,008.76 per $1,000 principal amount. These developments highlight AECOM’s active engagement in various international projects and financial initiatives.
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