Bowman Secures Contract for ATEC Parkway Development in The Aurora Highlands, CO
Rhea-AI Summary
Bowman Consulting Group (NASDAQ: BWMN) has secured a $1.3 million contract from the Aerotropolis Area Coordination Metropolitan District for the design and development of ATEC Parkway in The Aurora Highlands, Colorado. The project involves designing a two-mile roadway, including roadway plans, drainage studies, water utilities, and stormwater management plans.
As program manager and designer, Bowman oversees more than $500 million in infrastructure projects in The Aurora Highlands, the largest community development in the Denver metro area. The ATEC Parkway project represents the District's first infrastructure initiative, connecting The Aurora Highlands to the ATEC development, and positions Bowman for potential future contracts as the District expands.
Positive
- Secured new $1.3 million contract for ATEC Parkway development
- Currently manages $500 million in infrastructure projects in The Aurora Highlands
- Strategic position for future contract opportunities as the District grows
- Successful market penetration in Denver through strategic acquisitions and hiring
Negative
- None.
News Market Reaction
On the day this news was published, BWMN declined 0.53%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Win supports organic growth of Denver Metro transportation and water resources portfolio
RESTON, Va., May 20, 2025 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, has been awarded a
Under the contract, Bowman is designing roadway plans and profiles, drainage studies, water and storm utilities design and stormwater management plans, in addition to providing project management and construction documentation. Bowman serves as program manager and designer for more than
“This assignment reinforces our ability to generate revenue synergies as we integrate operations and execute on our strategic growth initiatives,” said Gary Bowman, chairman and CEO of Bowman. “Strategic acquisitions and prominent hires in the Denver market have positioned us for this win. Being awarded this consequential transportation and water resources project gives us the opportunity to further shape the future of The Aurora Highlands while expanding our portfolio and deepening our penetration of the Denver market.”
ATEC Parkway is the District’s inaugural infrastructure project and sets the stage for future development in the area, connecting The Aurora Highlands to the ATEC development. Bowman’s early involvement in ATEC Parkway and ongoing program management positions the firm to support the community’s expansion and secure additional contracts as the District continues to grow.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure, technology and project management solutions to customers who own, develop and maintain the built environment. With over 2,300 employees in more than 100 locations throughout the United States, Bowman provides extensive planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.
General Media Contact:
Christina Nichols
pr@bowman.com
Investor Relations Contact:
Betsy Patterson
ir@bowman.com
FAQ
What is the value of Bowman's (BWMN) new contract for ATEC Parkway?
What is the total value of infrastructure projects Bowman manages in The Aurora Highlands?
What services will Bowman (BWMN) provide for the ATEC Parkway project?
How long is the ATEC Parkway being developed by Bowman in Aurora, Colorado?
