Welcome to our dedicated page for AECOM news (Ticker: ACM), a resource for investors and traders seeking the latest updates and insights on AECOM stock.
AECOM reports developments as a global infrastructure professional services firm serving water, environment, energy, transportation and buildings markets. Its updates commonly cover public- and private-sector contract awards for advisory, planning, design, engineering, environmental services, program management and construction management work.
Company news also includes federal, municipal, education, transit and energy infrastructure assignments, including environmental remediation, defense infrastructure, school capital programs, wastewater systems, rail and bus network expansion, and fusion energy project support. Recurring corporate releases address quarterly earnings timing and results, financial outlook commentary, and the company’s quarterly dividend program.
AECOM (NYSE: ACM) has been awarded a contract to manage the development of the seventh runway at Denver International Airport (DEN). The firm will oversee environmental assessments and preliminary design as part of this project. AECOM's collaboration with local businesses and regulatory agencies emphasizes a commitment to sustainability and effective project delivery. With a history of supporting DEN for over 25 years, AECOM aims to enhance the airport's operations amidst increasing air traffic, aligning with the airport's original master plan.
AECOM (NYSE: ACM) has signed a strategic partnership with the Royal Commission for AlUla to accelerate the $15-billion Phase 1 development in AlUla, Saudi Arabia, focusing on infrastructure, hospitality, and social development. This agreement marks a significant step from planning to implementation, set for completion by 2035. AECOM will enhance local community opportunities, having already trained 400 residents. This contract's value will be included in AECOM's reported backlog in Q1 fiscal 2022, aligning with its commitment to sustainable development.
AECOM (NYSE: ACM) has partnered with Cavnue to create a Connected and Automated Vehicle (CAV) Corridor in Southeast Michigan. The collaboration includes engineering planning and design services for CAV lanes, expanding to other areas across North America. The project aligns with AECOM's Sustainable Legacies strategy, focusing on enhancing social outcomes while reducing carbon impact. Cavnue aims to simplify the driving environment for autonomous vehicles using integrated technology. The Michigan Department of Transportation is also involved to leverage insights for roadway management.
AECOM (NYSE: ACM) has secured its third consecutive IDIQ contract with the USAID, valued at a shared program ceiling of $800 million. This five-year partnership allows AECOM to provide vital architecture and engineering services, enhancing USAID's capabilities in addressing global infrastructure and humanitarian needs. The services cover various sectors including water resources, environmental concerns, transportation, and healthcare. AECOM has a longstanding relationship with USAID, contributing to projects in over 80 countries.
AECOM (NYSE: ACM) has been appointed as the general engineering consultant for the METRORapid University Line project, the longest contiguous Bus Rapid Transit (BRT) system in the U.S., spanning 25 miles. This project will connect major destinations and universities in Houston, enhancing transit access.
AECOM will oversee project management and engineering services, collaborating with METRO to improve service reliability and customer experiences, while also supporting local businesses and universities.
AECOM (NYSE:ACM) plans to hold a conference call on November 15, 2021, at noon Eastern Time, to discuss its fourth quarter and full year fiscal 2021 financial results, along with strategic accomplishments and market trends. The live webcast will be accessible via the company's investor relations website, where a replay will also be available. Interested parties can join the call by dialing 844-200-6205 in the U.S. or 929-526-1599 internationally while entering the passcode 273131.
AECOM (NYSE: ACM) has been selected to manage the construction of the New Jersey Wind Port, the first purpose-built offshore wind port in the U.S. Located in Lower Alloways Creek Township, NJ, this 200-acre project is a critical investment for New Jersey, projected to create 83,000 jobs and attract over $150 billion in offshore wind investment in the next 15 years. AECOM CEO Troy Rudd emphasized the firm’s commitment to sustainability and community impact. The project aims to set diversity goals and significantly contribute to the renewable energy sector in New Jersey.
AECOM (NYSE: ACM) has been selected by NASA to provide architecture and engineering services under a five-year, indefinite delivery contract worth up to $300 million. This partnership continues a 50-year relationship, focusing on rehabilitating and modernizing facilities at key NASA sites like the Kennedy Space Center and Johnson Space Center. AECOM will deliver a broad range of infrastructure services, contributing to NASA's missions in space exploration and aeronautics research.
AECOM (NYSE: ACM) has announced an increase in its stock repurchase program by $1 billion, affirming its commitment to returning free cash flow to shareholders. Since September 2020, AECOM has repurchased about 19 million shares, reducing outstanding shares by 12%. CEO Troy Rudd emphasized the strong cash-generative nature of their Professional Services division as a basis for this decision, while CFO Gaurav Kapoor noted the significance of free cash flow for share repurchases.
AECOM (NYSE: ACM) has signed a memorandum of understanding (MOU) with Iberdrola and Italian partners to modernize Italy's Apennine diesel railway using hydrogen technology. This initiative aims to stimulate economic growth and sustainable recovery in the earthquake-affected Apennine region. The first project involves converting a 300km line to hydrogen trains, enhancing connectivity across several provinces. Additional plans include developing a new hydrogen rail link from Rome to Ascoli Piceno and assessing green hydrogen manufacturing in the area. This aligns with EU carbon neutrality goals.