|AECOM joint venture team wins U.S. Department of Defense Guam expansion contract|
Contract value to joint venture up to $100 million over five years
LOS ANGELES--(BUSINESS WIRE)--
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 Pacific Program-Design Management Services, a joint venture comprised of AECOM and Parsons Corp., has been awarded the program support task-order contract for overall program management and architect-engineering management for the U.S. Department of Defense's Guam expansion effort.
Based upon presently expected levels of activity, the program support task-order contract could be worth up to $100 million to the joint venture over the next five years. The Pacific Program-Design Management Services joint venture leverages the expertise of AECOM; Earth Tech, which AECOM acquired in July; and Parsons. Including its Earth Tech interests, AECOM has a 49-percent interest in the joint venture team.
The services that the joint venture is contracted to provide to the Guam expansion effort include the management and construction of the military's estimated $10-billion construction expansion program on the Pacific island of Guam.
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 41,000 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 100 countries and had revenue of $4.7 billion during the 12-month period ended June 30, 2008. 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 estimates of contract value 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 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.
Source: AECOM Technology Corporation