AECOM joint venture awarded substation design and construction contract worth up to US$28 million
AECOM Technology Corporation (NYSE: ACM), a leading provider of
professional technical and management support services for public and
private clients in more than 130 countries around the world, announced
today that a joint venture in which it participates was awarded a 5-year
contract worth up to US$28 million by Australia-based utility company
TransGrid to design and construct 90 substations in New South Wales.
The joint venture between AECOM and Powercor Network Services (PNS) will
contribute to a number of project elements, including
environmental-management and construction-phase support, as well as
electrical, ground, structural, building design and engineering services.
“Together, AECOM and PNS will provide an industry-leading network of
technical and local knowledge, which was very appealing to the client,”
said AECOM Chairman and Chief Executive Officer John M. Dionisio. “AECOM
is excited to partner with PNS in delivering an integrated design and
construct solution to TransGrid.”
The project is part of a substation program with a total design and
construction value worth up to US$1.7 billion.
About AECOM
AECOM 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 45,000 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 create, enhance and sustain the world's built,
natural, and social environments. A Fortune 500 company, AECOM
serves clients in more than 130 countries and had revenue of $8.2
billion during the 12 months ended Sept. 30, 2012. More information on
AECOM and its services can be found at www.aecom.com.
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 projections of earnings, free cash flow, profit margins and
statements of plans for future operations and growth, including with
respect to our share repurchase program. AECOM believes that
non-GAAP financial measures such as EBITDA and free cash flow also
provide a meaningful perspective on its business results as the company
utilizes this information to evaluate and manage the business. 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 annual report on Form 10-K for the
fiscal year ended Sept. 30, 2012, 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.
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