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AECOM awarded a more than $80 million environmental remediation contract for Vandenberg Space Force Base in California

1. AECOM awarded a $81.3 million remediation contract by USACE. 2. This contract bolsters AECOM's position in environmental remediation services.

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FAQ

Why Bullish?

The $81.3 million contract enhances AECOM's revenue potential and credibility. Historical contracts of similar nature have positively influenced stock prices.

How important is it?

The significance of a major contract award like this can attract investors and enhance AECOM's market perception.

Why Long Term?

The 10-year duration of the contract suggests sustained revenue and stable cash flow over time, similar to past contract awards.

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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it has been awarded an Optimized Remediation Contract (ORC) by the U.S. Army Corps of Engineers (USACE) Los Angeles District to provide environmental remediation services at Vandenberg Space Force Base on California's Central Coast. The 10-year, $81.3-million single award is one of the largest optimized remediation contracts awarded by the USACE Los Angeles District, reinforcing AECOM's po.

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