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AECOM awarded nationwide Federal Aviation Administration contract to advance aviation infrastructure

1. AECOM awarded a $270 million contract by FAA for engineering services. 2. Contract spans 10 years across multiple service areas, enhancing ACM's revenue.

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$99.1212/11 07:04 AM EDTEvent Start
$99.1212/11 07:04 AM EDTLatest Updated
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FAQ

Why Bullish?

The $270 million contract is significant and indicates ACM's strong positioning in infrastructure projects, similar to past successful awards that boosted investor confidence and stock prices.

How important is it?

The significant size and duration of the contract will likely enhance ACM's market position and investor outlook, positively impacting stock performance.

Why Long Term?

This contract spans 10 years, providing sustained revenue and operational stability, akin to benefits observed from previous long-term contracts.

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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it has been awarded an indefinite delivery, indefinite quantity (IDIQ) multiple award contract by the U.S. Federal Aviation Administration (FAA) to provide comprehensive architecture and engineering (A-E) services across the agency's Eastern, Central, and Western Service Areas. With a program ceiling of more than $270 million over 10 years, the contract allows FAA contracting officers to execut.

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