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|AECOM announces $63.6 million contract with U.S. Department of Defense|
Maintenance support services contract represents option exercised on $254.3 million agreement to support U.S. Army
LOS ANGELES--(BUSINESS WIRE)--Dec. 5, 2007--AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has been awarded a $63.6 million contract by the U.S. Department of Defense (U.S. DOD) for maintenance support services in Iraq.
This award represents the first option exercised by the U.S. Army on a cost-plus-fixed-fee and cost-reimbursable contract with a potential value of up to $254.3 million for maintenance support services at various locations in Iraq. Under the terms of the original contract, which was announced in June, there is a base period and three renewable options. The two remaining renewal options are expected to be decided in June and December of 2008, respectively.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 32,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that enhance and sustain the world's built, natural and social environments. AECOM serves clients in more than 60 countries and had revenue of $4.2 billion during fiscal year 2007. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings or other financial items; any statements of the plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance. 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 forward-looking statements include: uncertainties related to funding, audits, modifications and termination of long-term government contracts; losses under fixed-price contracts; limited control over operations run through our joint venture entities; misconduct by our employees or consultants or our failure to comply with laws or regulations; failure to successfully execute our merger and acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in our reports filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
CONTACT: AECOM Technology Corporation Paul Gennaro, 212-973-3167 SVP & Chief Communications Officer firstname.lastname@example.org SOURCE: AECOM Technology Corporation