AECOM Stock Price, News & Analysis

AECOM (NYSE: ACM) has appointed Jill Hudkins as chief executive of its new Water & Environment Advisory global business line. This move is part of AECOM's growth strategy to extend its competitive advantage by developing complementary, high-value businesses. The new advisory business will focus on guiding clients through complex water and environmental management challenges, leveraging AECOM's existing top-ranked water and environmental engineering capabilities.

The business line aims to expand into high-growth areas such as advanced digital water asset management, environmental permitting, and PFAS remediation. Hudkins, with over 25 years of experience, previously served as President at Tetra Tech, where she led the advancement of digital applications and data analytics in water, environment, and sustainable infrastructure.

AECOM's CEO, Troy Rudd, expressed excitement about the opportunities ahead, responding to increasing client demand for comprehensive advisory, consulting, design, and program management solutions addressing pressing water and environmental challenges.

AECOM (NYSE: ACM) has been awarded a contract to support the Los Angeles County Metropolitan Transportation Authority's (Metro) transition to Zero Emission Buses (ZEB). This initiative, one of the largest electric bus programs in the nation, aims to reduce greenhouse gas emissions and improve air quality in Los Angeles County. AECOM will provide:

• Program management, design, and engineering services
• ZEB and charging infrastructure conceptual design
• Specification and procurement support
• Implementation strategies for a seamless transition

The project, supported by the Infrastructure Investment and Jobs Act, aligns with AECOM's Sustainable Legacies strategy and will set a national example for transit agencies transitioning to zero-emission fleets.

AECOM (NYSE: ACM) has been selected by the City of Austin as the prime consultant for the expansion of the Walnut Creek Wastewater Treatment Plant (WWTP) in Austin, Texas. The project aims to increase the plant's capacity from 75 million gallons per day (MGD) to 100 MGD, addressing the needs of Austin's growing population and enhancing the resilience of its wastewater infrastructure.

The scope of work includes process, mechanical, civil, electrical, and structural engineering services to modernize and upgrade existing infrastructure. Key components of the expansion include:

• Replacing aging equipment
• Constructing a new 25 MGD treatment train
• Building a new 120-inch outfall line and structure
• Providing wet weather treatment with new 100 MGD cloth filters
• Building a flood wall for protection against 100-year floods

The Walnut Creek WWTP, originally built in 1977, has undergone three previous expansions. The facility is expected to remain operational throughout the upgrade process.

AECOM (NYSE: ACM) has been awarded first place on the design consultant lot of Wessex Water's new Capital Delivery Framework. This appointment supports Wessex Water's planned £3.7 billion investment between 2025-2030 for improvements across the South West of England. AECOM's role includes providing multidisciplinary design services for water and wastewater infrastructure.

The framework is initially for six years with an option to extend for five more years. AECOM will offer services from optioneering to detailed design and construction support throughout the next regulatory period, AMP8. The company will collaborate with other framework suppliers to support Wessex Water's '8 Outcomes', including net zero carbon, biodiversity improvements, and effective sewerage systems.

AECOM (NYSE: ACM) has been selected by the San Diego County Regional Airport Authority to provide program management services for the Capital Improvement Plan at San Diego International Airport (SAN). The project includes managing the $3.8 billion New Terminal 1 (NT1) program and modernizing Terminal 2 East (T2E). Key improvements include:

- New on-airport entrance road for faster access
- Bicycle lanes and pedestrian path connecting to surrounding communities
- Space for future public transit connection
- Enhanced passenger experience, safety, and airport design

AECOM's role encompasses program, project, and construction management services. The company has a history of supporting major capital development projects at SAN since 2005, including the 'Green Build' expansion and various facility improvements.

AECOM (NYSE: ACM) has been appointed to Northern Ireland Water's IF182 Professional Services Framework to deliver asset management, design, site supervision, program and project management services. The company will support NI Water's strategic objectives in two key areas:

1. Lot 1: Civil and mechanical, electrical, instrumentation, control and automation (MEICA) site supervision services.
2. Lot 3: Feasibility, design, project management, and climate change management services.

This appointment builds on AECOM's decades-long partnership with NI Water and aligns with the utility's long-term strategy for delivering high-quality drinking water, protecting the environment, and supporting sustainable growth. The framework covers the remaining three years of price control period PC21 and extends into PC27, with an initial duration of four years and potential for a four-year extension.

AECOM (NYSE: ACM), a leading global infrastructure consulting firm, has announced a quarterly cash dividend of $0.22 per share. This dividend is part of the company's ongoing quarterly dividend program and will be payable on October 18, 2024 to stockholders of record as of the close of business on October 2, 2024. The announcement demonstrates AECOM's commitment to providing regular returns to its shareholders and reflects the company's financial stability in the infrastructure consulting sector.

AECOM (NYSE: ACM) has been awarded a program management services contract by the New York Power Authority (NYPA) to oversee capital improvement projects supporting NYPA's VISION2030 strategic plan. This plan aims to lead New York's energy transition by providing affordable, clean, and reliable electricity. AECOM will provide engineering, design, and procurement services to assist NYPA in delivering their capital projects.

As one of the few global infrastructure firms accredited by the U.S. National Association of Energy Service Companies (NAESCO), AECOM is well-positioned to deliver cost-effective, energy-efficient improvements across NYPA's facilities. The company's expertise in clean energy program management aligns with NYPA's focus on safety, technical excellence, and conservation, supporting a just energy transition.

AECOM (NYSE: ACM) and the Portal Connectors team have been selected by the Transbay Joint Powers Authority (TJPA) to provide program management and construction management services for the Downtown Rail Extension (DTX) project, also known as the Portal, in San Francisco. This 1.3-mile rail extension will connect Caltrain and future California High-Speed Rail service to the Salesforce Transit Center, serving as a key regional rail connection with a projected 90,000 daily riders.

The project involves underground tunneling and station construction, utilizing cut-and-cover and mined tunneling methods. AECOM will be responsible for implementing an operating model to deliver various services, including obtaining FTA funding, finalizing the procurement plan in 2024, and integrating the Portal with existing rail systems. This megaproject is the second phase of the TJPA's $12 billion Transbay Program.