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AECOM to provide architecture and engineering services for Kennedy Space Center and other NASA facilities
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Rhea-AI Sentiment
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Rhea-AI Summary
AECOM (NYSE: ACM) has been selected by NASA to provide architecture and engineering services under a five-year, indefinite delivery contract worth up to $300 million. This partnership continues a 50-year relationship, focusing on rehabilitating and modernizing facilities at key NASA sites like the Kennedy Space Center and Johnson Space Center. AECOM will deliver a broad range of infrastructure services, contributing to NASA's missions in space exploration and aeronautics research.
Positive
Secured a $300 million contract with NASA for architecture and engineering services.
Continuation of a 50-year partnership with NASA, demonstrating strong client trust.
Focus on major NASA facilities, enhancing long-term business prospects.
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None.
LOS ANGELES--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that it has been selected by the National Aeronautics and Space Administration (NASA) to provide architecture and engineering services as part of its Southeast Regional Architect and Engineering (SERAE) program. The indefinite delivery, indefinite quantity (IDIQ), multiple-award contract has a shared program ceiling of $300 million for its five-year term.
“Our relationship with NASA dates back over fifty years and we’re looking forward to building on that legacy through this integral work,” said Karl Jensen, executive vice president AECOM’s National Governments business. “As NASA has grown, evolved, and continued to push the boundaries of space exploration, AECOM has been there to support its globally impactful missions and cutting-edge operations. We’re immensely proud to be granted new opportunities with the administration that highlight our shared values of integrity, collaboration, and inclusion while maintaining a keen focus on the impacts we’re leaving on the world.”
AECOM’s work will focus on the rehabilitation, modernization, and development of new systems for facilities, utilities, and ground support at several prominent NASA locations across the United States. These include Kennedy Space Center in Florida; Johnson Space Center, Sonny Carter Training Facility, and Ellington Field in Texas; White Sands Test Facility in New Mexico; Marshall Space Flight Center in Alabama; Michoud Assembly Facility in Louisiana; Stennis Space Center in Mississippi; other NASA assets; and additional launch or landing sites worldwide.
“From the Mercury and Gemini programs through today, AECOM has been honored to work alongside NASA on all of its facilities spanning the country. This new contract allows us to continue our successful and longstanding partnership,” said Sean Chiao, Chief Executive of AECOM’s global Buildings + Places business. “We’re excited to leverage our intimate knowledge of the administration’s enterprises and best practices to deliver unmatched professional services that advance NASA’s goal of leading an innovative and sustainable program of space exploration, scientific discovery, and aeronautics research to the next frontier.”
Under the contract, AECOM will provide a wide range of architecture, civil, structural, mechanical, and electrical infrastructure services across all project phases, including planning and feasibility, permitting, preliminary engineering, final design, engineering services during construction, activation, and commissioning. These services include architectural design, field investigations and surveys, engineering and environmental reports, trade studies, design specifications, construction site inspections, and scheduling and cost estimating.
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
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, coronavirus impacts, 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; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; 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; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; 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.
AECOM has won a $300 million contract to provide architecture and engineering services under NASA's Southeast Regional Architect and Engineering program.
What is the duration of AECOM's contract with NASA?
The contract with NASA is for a five-year term.
How long has AECOM been working with NASA?
AECOM has had a relationship with NASA for over 50 years.
What services will AECOM provide under the NASA contract?
AECOM will provide a wide range of architecture and engineering services, including planning, design, and construction management.
Where will AECOM's services be focused for NASA?
AECOM's services will focus on several key NASA facilities, including Kennedy Space Center in Florida and Johnson Space Center in Texas.
