|AECOM joint venture secures place on US$532-million Yorkshire Water framework contract|
LOS ANGELES, Nov 08, 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 a joint venture in which it participates has been awarded a place on a US$532-million, five-year framework contract for Yorkshire Water.
The AECOM and Galliford Try joint venture team, known as ETM, has secured the design and build assignments for a new water treatment facility for the U.K. client at Acomb Landing in North Yorkshire as well as the upgrade of the existing wastewater treatment facilities at Calder Vale in Wakefield, West Yorkshire.
These assignments are part of Yorkshire Water's "Large Schemes" infrastructure-improvement program. Work on the program will be split between four entities - each guaranteed a base workload over a five-year period.
AECOM's fee as part of the ETM joint venture, on three framework streams, is expected to be approximately US$209 million during the five-year timeframe.
"AECOM is excited to be a key part of this vital program as we evolve our relationship with Yorkshire Water," said John M. Dionisio, AECOM president and chief executive officer.
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 51,000 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 June 30, 2010. More information on AECOM and its services can be found at www.aecom.com.
About Galliford Try
Galliford Try is one of the U.K.'s leading house-building and construction groups, with revenues of US$2.4 billion. The firm's Infrastructure Division encompasses work for the water, highways, rail, remediation, flood alleviation and renewable energy sectors. More information on Galliford Try can be found at www.gallifordtry.co.uk.
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 June 30, 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