AECOM (ACM), Shaw (SHAW) JV Awarded Spot on $900M Navy NAVFAC Contract
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Price: $72.41 +1.36%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +14.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +14.9%
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AECOM Technology Corporation (NYSE: ACM) and The Shaw Group, Inc. (NYSE: SHAW) announced today that Pacific Contingency Services LLC (PCS), a joint venture between AECOM and Shaw’s Environmental & Infrastructure Group, was awarded an Indefinite Delivery, Indefinite Quantity multiple award Global Contingency Services Contract (GCSC) by the U.S. Naval Facilities Engineering Command (NAVFAC) Pacific.
Under the contract, the joint venture will provide short-term facility support services with incidental construction in response to natural disasters, humanitarian efforts, full-range military actions and incumbent breaks in services at various locations throughout the world.
The joint venture is one of six companies selected to compete for up to US$900 million in task orders under the contract, which includes a one-year base period, plus four option years.
Under the contract, the joint venture will provide short-term facility support services with incidental construction in response to natural disasters, humanitarian efforts, full-range military actions and incumbent breaks in services at various locations throughout the world.
The joint venture is one of six companies selected to compete for up to US$900 million in task orders under the contract, which includes a one-year base period, plus four option years.
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