DALLAS - AECOM (NYSE:ACM), a global infrastructure consulting firm, has been awarded a five-year contract by the U.S. Army Environmental Command to provide environmental remediation services. The contract encompasses work across the contiguous United States, as well as Puerto Rico, Hawaii, and Alaska, focusing on the investigation and cleanup of hazardous substances including per- and polyfluoroalkyl substances (PFAS).
Frank Sweet, chief executive of AECOM's global Environment business, expressed the company's pride in continuing to apply its environmental expertise to support the U.S. Army's remediation efforts. AECOM's experience in environmental remediation spans over two decades, with involvement in over 600 sites worldwide, uniquely positioning it to assist with the Department of Defense's response to PFAS challenges.
Beverley Stinson, chief executive of AECOM's global Water business, highlighted the significance of addressing PFAS contamination not just as an environmental issue but also as a matter of water resource protection. AECOM, recognized as the top Water design practice by Engineering News-Record, aims to safeguard human health, the environment, and the water supply through this contract.
AECOM's role in the project will involve a series of key environmental remediation contracts with various U.S. government clients, including the Army, Navy, FEMA, and NASA. This aligns with the company's commitment to addressing emerging regulatory demands for constituents like PFAS.
The company, listed on the Fortune 500, reported revenues of $14.4 billion in fiscal year 2023 from its Professional Services business. AECOM's services range from planning and design to engineering and construction management across sectors such as transportation, buildings, water, new energy, and the environment.
The firm emphasizes its dedication to delivering sustainable legacies for future generations, underpinned by technical and digital expertise, as well as a focus on equity, diversity, inclusion, and environmental, social, and governance priorities.
This announcement is based on a press release statement.
InvestingPro Insights
As AECOM (NYSE:ACM) secures a significant environmental remediation contract, investors and stakeholders may find the company's financial health and market position of particular interest. According to InvestingPro data, AECOM boasts a substantial market capitalization of $11.77 billion, underscoring its substantial presence in the infrastructure sector. The company's revenue has shown a robust growth of 13.36% over the last twelve months as of Q2 2024, which is reflective of its expanding operations and successful contract acquisitions like the one with the U.S. Army Environmental Command.
An InvestingPro Tip highlights that analysts are optimistic about AECOM's future, with four analysts revising their earnings upwards for the upcoming period. This suggests confidence in the company's ability to continue its growth trajectory and potentially exceed market expectations. Moreover, the company is trading at an adjusted price-to-earnings (P/E) ratio of 19.9, which may indicate that the market has positive expectations for its earnings potential.
For investors looking for additional insights, there are more InvestingPro Tips available, including analysis on the company’s profitability and stock performance trends. For those interested in diving deeper into AECOM’s financial metrics and strategic position, a variety of additional tips are accessible through InvestingPro. To further enhance your investing strategy, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.