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AECOM to provide program management services for new runway at Denver International Airport
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
AECOM (NYSE: ACM) has been awarded a contract to manage the development of the seventh runway at Denver International Airport (DEN). The firm will oversee environmental assessments and preliminary design as part of this project. AECOM's collaboration with local businesses and regulatory agencies emphasizes a commitment to sustainability and effective project delivery. With a history of supporting DEN for over 25 years, AECOM aims to enhance the airport's operations amidst increasing air traffic, aligning with the airport's original master plan.
Positive
Awarded contract for seventh runway development at Denver International Airport, enhancing revenue opportunities.
Continued collaboration with DEN highlights AECOM's strong market presence and established relationships.
Focus on sustainability initiatives aligns with industry trends, potentially increasing project attractiveness.
Negative
None.
DALLAS--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been awarded a contract to provide program management services for the development of the seventh runway at Denver International Airport (DEN). In this role, AECOM will coordinate environmental assessment activities and manage the preliminary design effort.
“We’ve been honored to support DEN since its establishment over 25 years ago and are looking forward to leveraging our significant knowledge of the airport’s operating environment and extensive experience in runway delivery to successfully manage this program,” said Lara Poloni, AECOM’s president. “Our broad aviation expertise combined with our multidisciplinary global program management capabilities will help us move this important work forward safely, efficiently, and with quality. We’re excited to bring the best of what AECOM has to offer and continue our legacy of service to DEN.”
In addition to environmental coordination and leading the design management, AECOM will facilitate sustainability initiatives, including early integration with Envision and Leadership in Energy and Environmental Design (LEED) framework; provide program controls to balance scope, schedule, risk, and budget; support construction procurement through coordination, alternative delivery analysis, and document preparation; conduct public outreach activities to connect with and inform local businesses and community stakeholders; and oversee and report on program-level disadvantaged business enterprise (DBE) participation and engagement.
“As air traffic levels continue to increase, the addition of a future runway at DEN is a crucial realization of the airport’s original master plan and vital to the overall National Airspace System,” said Travis Boone, chief executive of AECOM’s U.S. West region. “We’re incredibly proud to support DEN as it embarks on this exciting expansion to its airfield. Our robust relationships with Denver’s small business community, city departments, regulatory agencies, and airline stakeholders will allow us to place a strong emphasis on collaboration and partnership, helping us realize an expedient and effective delivery of this program.”
DEN has one of the most efficient airfield layouts in the nation, with six, non-intersecting runways. It is one of the few major airports in the U.S. with acreage to expand its current facilities and accommodate future development. AECOM’s legacy work at DEN encompasses previous airfield expansions, development of terminal systems, and improvements to its operational performance.
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.
