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|AECOM Affiliate, DMJM Aviation, Awarded $25-Million Contract for Los Angeles International Airport Development Program|
Los Angeles World Airports issues notice to proceed
LOS ANGELES--(BUSINESS WIRE)--April 10, 2008--AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, has announced that it has been awarded a one-year, $25-million contract to provide program management services supporting the Capital Improvement Program (CIP) at Los Angeles International Airport (LAX).
Experts from AECOM's aviation practice, DMJM Aviation, will manage the development program, which includes the Midfield Satellite Concourse, New Large Aircraft gates at the Tom Bradley International Terminal (TBIT), and related projects such as taxiways, tunnels, aircraft ramp areas, utility improvements, and other infrastructure repair and replacement projects that need to be performed to enable construction of these major projects to begin.
The one-year contract also calls for AECOM's aviation practice to mobilize a delivery team to advance these projects, while developing a more comprehensive understanding of the overall CIP, which includes LAX projects that are estimated between $5 and $8 billion over the next 10 years. A notice to proceed was issued on March 20. Once the CIP is further defined, Los Angeles World Airports (LAWA) may, with Los Angeles City Council approval, extend the contract term to continue program management services over a six-year period.
"AECOM is very proud to be selected for this exciting program that will benefit the more than 60 million air travelers who pass through LAX annually," said John M. Dionisio, AECOM president and chief executive officer. "As a global company that is headquartered in Los Angeles, we are well aware of the positive impact that this project - improving a vital link in Southern California's transportation infrastructure - will have on the local community."
LAWA is embarking on the largest capital improvement program at LAX since the construction of the Tom Bradley International Terminal and second-level roadway in preparation for the 1984 Olympics. LAX projects currently underway, and not included in this contract, include the South Airfield Improvement Program and Tom Bradley International Terminal Interior Improvements and Baggage Screening Program. Near-term projects to be covered by the new contract include the Midfield Satellite Concourse, Tom Bradley International Terminal Enhancements, and related enabling projects.
To ensure the successful delivery of projects on time and within budget, seamless coordination of the projects, and minimal disruption to daily operations, it is LAWA's intent to consolidate the CIP at LAX under a single, integrated project management team. AECOM's aviation practice has been selected as the program manager to lead this effort and will be complemented by various architectural and engineering services teams selected from separate project-focused requests for proposals, LAWA and city staff, and other agencies as needed.
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 35,000 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 statements of the plans, strategies and objectives for future operations, including but not limited to contemplated acquisitions, and any statements regarding future economic conditions or performance. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our Form 10-Q for the fiscal quarter ended Dec. 31, 2007, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.