AECOM Technology (ACM) Tapped to Construct $1B Faraday Future Plant

October 17, 2016 6:59 AM EDT
Get Alerts ACM Hot Sheet
Trade ACM Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

AECOM (NYSE: ACM) announced it has been selected to construct the $1 billion, 3-million square foot electric car manufacturing plant for Faraday Future (FF) in North Las Vegas, Nevada. AECOM’s industrial construction services practice is currently engaged in demolition, including mass grading for the relocation of phone towers, fence lines and the installation of temporary facilities. The project, to be delivered with a guaranteed maximum price, has an approximate construction value of $500 million and will be included in AECOM’s backlog for the fourth quarter of fiscal year 2016.

“A revolutionary approach to transportation requires an unprecedented manufacturing facility, and AECOM is thrilled to be working with Faraday Future to help make its vision real in Nevada,’’ said Michael S. Burke, AECOM chairman and chief executive officer. “Our involvement taps our extensive automotive industry experience and our integrated approach to delivering challenging projects quickly.’’

“Working in collaboration with AECOM, we were extremely impressed with how quickly they aligned with our company’s vision of manufacturing in North Las Vegas,” said Dag Reckhorn, Vice President of Global Manufacturing, Faraday Future. “We are proud to be working with AECOM as partners in this project, and their expertise will serve as an invaluable resource to FF as we bring our facility online in the future.”

In keeping with Faraday Future’s mission, the production facility features a number of elements designed for sustainability and harmonization with Nevada’s natural surroundings. Structural glass, a water feature and dark sky-compliant outdoor lighting fixtures will welcome visitors and thousands of production workers by connecting the plant with the landscape. The project will also feature extended life-cycle materials that require less maintenance.

Additionally, the project will include sustainable and energy-efficient oils, elevator systems, and lighting, as well as prismatic skylights for daylighting of manufacturing. Even greater energy savings will be realized through roof-mounted PV solar panels for power generation, a cool roof Energy-Star coating system, and energy efficient heating and cooling systems. The current demolition work includes the digging of water retention pools to store water for compaction and use in the building’s cooling towers.

The facility will embrace visitors and guided tours with integrated viewing platforms and purposeful designs allowing for visibility to vehicles during the assembly process from a safe vantage point.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Management Comments

Add Your Comment