|AECOM team among firms awarded solar power contract for U.S. Navy worth up to US$100 million|
LOS ANGELES, Jul 27, 2010 (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 AECOM-SPP has been awarded an indefinite delivery/indefinite quantity (IDIQ) contract by U.S. Naval Facilities Engineering Command.
AECOM-SPP, a teaming arrangement with Solar Power Partners (SPP), will develop solar power installations at Navy and Marine Corps sites in Arizona, California, Colorado, Nevada, New Mexico and Utah.
Under the contract, which has one base year and four additional option years, AECOM will provide engineering, procurement and construction services for solar power systems, while SPP will finance and own the systems.
"The U.S. federal government views renewable energy as an important strategic goal to improve environmental performance, reduce energy costs and enhance energy security at multiple levels," said John M. Dionisio, AECOM president and chief executive officer. "We are proud to be selected by the U.S. Navy for this important assignment."
AECOM-SPP is one of five firms that won IDIQ contracts for this work. The five contracts have a combined potential value of US$100 million. These contractors may all compete for task orders under the terms and conditions of the contract.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 46,000 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. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.3 billion during the 12-month period ended March 31, 2010. More information on AECOM and its services can be found at www.aecom.com.
About Solar Power Partners
One of America's premier independent solar power producers, Solar Power Partners, Inc. (SPP) helps businesses, institutions, municipalities and agricultural customers embrace solar energy. SPP develops, owns, and operates distributed solar energy facilities and sells solar-generated electricity through solar Power Purchase Agreements - long-term energy-financing solutions that help customers go green without the hassles or costs of solar facility ownership and maintenance. More information about SPP is available online at www.solarpowerpartners.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 plans for future operations or expected revenue. 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 quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2010, 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.
SOURCE: AECOM Technology Corporation
AECOM Technology Corporation