AECOM secures positions on AMP8 UK water infrastructure frameworks exceeding twice the value of prior AMP7 frameworks
20 Diciembre 2024 - 5:55AM
Business Wire
AECOM (NYSE: ACM), the trusted global infrastructure leader,
today announced that it has achieved record success on major Water
sector wins associated with the UK’s new Asset Management Period 8
(AMP8). In total, the Company has sustained a 100%-win rate on
recompete contracts whose expected framework value is more than
double the value of the respective frameworks under the prior AMP7
period. In addition, the Company has been awarded several new
positions on additional AMP8 frameworks that are expected to
further contribute to growth across its UK Water business.
“Our industry-leading expertise has established AECOM as the
world’s number one Water design firm, and our recent track record
of success on AMP8 frameworks positions us well as we progress
against our goal of more than doubling our Water practice over the
next five years,” said Beverley Stinson, chief executive of AECOM’s
global Water business. “We look forward to partnering with the UK’s
water utilities to meet their ambitious infrastructure objectives,
applying our global, enterprise capabilities to deliver safe,
reliable and sustainable water to millions of Britons.”
Administered by Ofwat, the UK’s water services regulation
authority, the AMP8 regulatory framework runs from 2025 to 2030 and
will include approximately £104 billion, which is 77% greater than
the prior AMP7 program period. The program will primarily cover
reliability, sustainability and digitalization improvements for
water infrastructure in England and Wales.
Recent wins include appointments to major professional service
frameworks for Thames Water and Southern Water, and an additional
appointment to support Southern Water’s $4.8 billion capital
delivery program. This success is underpinned by the trusted
technical expertise of the Company’s professionals, who have
repeatedly scored maximum marks for quality in tender submissions,
and the Company leadership’s direct involvement in the bidding
process.
“For decades, AECOM has served as a trusted advisor and delivery
partner for the UK’s major water utilities, allowing our experts to
support generations of critical water infrastructure upgrades
across the nation,” said Colin Wood, chief executive of AECOM’s
Europe and India region. “We’re proud to continue this legacy and
strengthen relationships with our Water clients as we realize
Ofwat’s guidance for world-class water infrastructure that meets
the needs of customers for years to come.”
Ranked as the No. 1 Water design firm by Engineering
News-Record, AECOM ensures that its water clients have access to
globally sustainable technologies, locally delivered. The Company’s
professionals work in and across the major markets to deliver
comprehensive solutions that safeguard human health and the
environment, from flood protection and water treatment to nutrient
control to desalination. Learn more about the Company’s Water
capabilities here.
About AECOM
AECOM (NYSE: ACM) is the global infrastructure leader, committed
to delivering a better world. As a trusted professional services
firm powered by deep technical abilities, we solve our clients’
complex challenges in water, environment, energy, transportation
and buildings. Our teams partner with public- and private-sector
clients to create innovative, sustainable and resilient solutions
throughout the project lifecycle – from advisory, planning, design
and engineering to program and construction management. AECOM is a
Fortune 500 firm that had revenue of $16.1 billion in fiscal year
2024. Learn more at aecom.com.
Forward Looking Statements
All statements in this communication other than statements of
historical fact are “forward-looking statements” for purposes of
federal and state securities laws, including any statements of the
plans, strategies and objectives for future operations,
profitability, strategic value creation, capital allocation
strategy including stock repurchases, risk profile and investment
strategies, and any statements regarding future economic conditions
or performance, and the expected financial and operational results
of AECOM. Although we believe that the expectations reflected in
our forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our
actual results, performance and achievements, or industry results
to differ materially from estimates or projections contained in our
forward-looking statements include, but are not limited to, the
following: our business is cyclical and vulnerable to economic
downturns and client spending reductions; potential government
shutdowns or other funding circumstances that may cause
governmental agencies to modify, curtail or terminate our
contracts; losses under fixed-price contracts; limited control over
operations that run through our joint venture entities; liability
for misconduct by our employees or consultants; failure to comply
with laws or regulations applicable to our business; maintaining
adequate surety and financial capacity; potential high leverage and
inability to service our debt and guarantees; ability to continue
payment of dividends; exposure to political and economic risks in
different countries, including tariffs, geopolitical events, and
conflicts; currency exchange rate and interest fluctuations;
retaining and recruiting key technical and management personnel;
legal claims; inadequate insurance coverage; environmental law
compliance and adequate nuclear indemnification; unexpected
adjustments and cancellations related to our backlog; partners and
third parties who may fail to satisfy their legal obligations;
managing pension costs; AECOM Capital real estate development
projects; cybersecurity issues, IT outages and data privacy; risks
associated with the benefits and costs of the sale of our
Management Services and self-perform at-risk civil infrastructure,
power construction and oil and gas businesses, including the risk
that any purchase adjustments from those transactions could be
unfavorable and result in any future proceeds owed to us as part of
the transactions could be lower than we expect; as well as other
additional risks and factors that could cause actual results to
differ materially from our forward-looking statements set forth in
our reports filed with the Securities and Exchange Commission. Any
forward-looking statements are made as of the date hereof. We do
not intend, and undertake no obligation, to update any
forward-looking statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241220688619/en/
Media: Brendan Ranson-Walsh Senior Vice President, Global
Communications 1.213.996.2367 Brendan.Ranson-Walsh@aecom.com
Investor: Will Gabrielski Senior Vice President, Finance,
Treasurer 1.213.593.8208 William.Gabrielski@aecom.com
AECOM (NYSE:ACM)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
AECOM (NYSE:ACM)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024