Aecom - ACM STOCK NEWS

AECOM, a leading infrastructure consulting firm, announced that a joint venture led by them with Akima Support Operations has been selected by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific to provide facility support services under the Global Contingency Services Multiple Award Contract (GCSMAC).

This is AECOM’s third consecutive GCSMAC award, marking 13 years of continued support for NAVFAC facilities worldwide. The contract includes services for natural disasters, humanitarian efforts, and Navy operations, along with maintenance, modernization, environmental, and engineering services.

AECOM has a longstanding relationship with the U.S. Navy, having provided $1.5 billion in services over the past decade. The company aims to leverage its global expertise and rapid deployment capabilities to meet the Navy's needs.

AECOM, a leading infrastructure consulting firm, announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per share.

The dividend will be payable on July 19, 2024, to stockholders of record as of July 3, 2024.

This announcement is part of AECOM's ongoing quarterly dividend program.

AECOM (NYSE: ACM) has been awarded a nationwide program management services contract by FEMA, a division of the U.S. Department of Homeland Security. The contract includes a one-year base period and two additional one-year options. AECOM will provide advisory and program management services to FEMA's four Consolidated Resource Centers (CRCs) located in Virginia, Texas, California, and Puerto Rico. The firm will support the Public Assistance grant program aimed at repairing and replacing public infrastructure damaged by disasters. AECOM’s role will also involve technical support for Environmental Planning, Historical Preservation, and insurance. This initiative aligns with AECOM’s Sustainable Legacies strategy, emphasizing disaster resilience and community recovery. AECOM has over 40 years of experience working with FEMA in this area.

AECOM, a leading infrastructure consulting firm, announced its appointment by Unitywater as a Professional Services Partner in a joint venture with Aurecon. Unitywater supplies water and sewage services to over 800,000 people in South East Queensland, Australia. The partnership will support Unitywater’s $1.8 billion, five-year capital works program to meet regional growth and sustainability goals. AECOM will provide end-to-end professional services, including planning, design, technical assurance, and construction support. This collaboration aims to enhance water distribution, sewage collection, and recycled water schemes, aligning with AECOM's strategy to deliver transformative water projects.

AECOM (NYSE: ACM) has secured a five-year, multiple-award contract from the U.S. Army Environmental Command for comprehensive environmental remediation services. The agreement covers the investigation and remediation of per- and polyfluoroalkyl substances (PFAS) at numerous locations across the contiguous United States, Puerto Rico, Hawaii, and Alaska. AECOM's extensive experience with PFAS at over 600 global sites makes it well-equipped for this task. This contract augments AECOM's existing U.S. government partnerships and reinforces its role in addressing regulatory demands for hazardous compounds. The initiative aims to protect water resources, public health, and the environment.

AECOM's joint venture, Perfect Circle, has been appointed to two new consultancy frameworks by SCAPE, the UK's leading public sector procurement authority. The frameworks, valued at up to £1.25 billion, will deliver professional services across the utilities sector in the UK. The appointment includes a £750 million direct award framework for England, Wales, and Northern Ireland, and a £500 million dedicated framework for Scotland. The frameworks will last four years, with an option to extend for two additional years. Services will cover a range of utility sectors such as water, renewables, energy, rail, aviation, ports, and telecommunications. This initiative aims to support the UK's grid and utilities infrastructure modernization objectives and facilitate the energy transition.

AECOM (NYSE: ACM) has been selected by the Regional Municipality of Peel to provide design and engineering services for the expansion of the Clarkson Water Resource Recovery Facility (WRRF) in Ontario's Peel Region. This will be the third major expansion, aiming to increase the facility's capacity to 500 MLD by 2029. The project includes a new standby power energy center and enhanced biological phosphorus removal, aligning with Peel Region's goal for net-zero greenhouse gas emissions by 2050. AECOM's extensive experience in complex wastewater projects and prior work on the WRRF will be pivotal. Other ongoing AECOM projects in Peel Region include the Clarkson Cogeneration Expansion and multiple drinking water treatment initiatives.

AECOM (NYSE: ACM) has been chosen by TxDOT to oversee the construction of drainage tunnels for the $4.5 billion Capital Express Central project in Austin, Texas. The project aims to improve safety, relieve flooding, and enhance transportation along the important I-35 corridor. AECOM will utilize its tunneling expertise and innovative technology to deliver this essential infrastructure component.

AECOM, in a joint venture with Stantec, secured a five-year environmental planning contract from NAVFAC Pacific worth $99 million. They will provide environmental planning services for the Navy and Marine Corps in the Pacific Region to ensure compliance with NEPA. The JV will research, prepare, update, and review documents, including environmental, facilities, and land use planning studies. The contract emphasizes supplier diversity and includes skilled specialty subcontractors.