LOS ANGELES--()--AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private clients in more than 130 countries around the world, announced today that a joint venture in which it participates was awarded a 5-year contract worth up to US$28 million by Australia-based utility company TransGrid to design and construct 90 substations in New South Wales.
“Together, AECOM and PNS will provide an industry-leading network of technical and local knowledge, which was very appealing to the client”
The joint venture between AECOM and Powercor Network Services (PNS) will contribute to a number of project elements, including environmental-management and construction-phase support, as well as electrical, ground, structural, building design and engineering services.
“Together, AECOM and PNS will provide an industry-leading network of technical and local knowledge, which was very appealing to the client,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “AECOM is excited to partner with PNS in delivering an integrated design and construct solution to TransGrid.”
The project is part of a substation program with a total design and construction value worth up to US$1.7 billion.
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 130 countries and had revenue of $8.2 billion during the 12 months ended Sept. 30, 2012. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings, free cash flow, profit margins and statements of plans for future operations and growth, including with respect to our share repurchase program. AECOM believes that non-GAAP financial measures such as EBITDA and free cash flow also provide a meaningful perspective on its business results as the company utilizes this information to evaluate and manage the business. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-K for the fiscal year ended Sept. 30, 2012, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.