AECOM awarded US$94.6-million program management contract by the Los Angeles Community College Distr
AECOM awarded US$94.6-million program management contract by the Los Angeles Community College District
LOS ANGELES--(BUSINESS WIRE)-- AECOM Technology Corporation (NYS: ACM) , a leading provider of professional technical and management support services for public and private clients in more than 140 countries around the world, announced today that it has been awarded a US$94.6-million program management contract for the final phase of the Los Angeles Community College District's (LACCD) building program.
The LACCD's building program is a 14-year, US$6-billion program that is modernizing and renovating the district's nine colleges and related facilities for students, faculty and staff, funded primarily through taxpayer-approved bonds with supplemental funding from the state of California.
As program manager, AECOM will manage funds to achieve the goals of first-rate results and maximum value for taxpayers. The final phase will follow a more centralized structure following the LACCD's recent reforms, including strict oversight and a transparent process for completing the building project, resulting in the remaining US$2.7-billion in funds being spent efficiently and effectively.
"I look forward to AECOM partnering with the LACCD on this great project that will directly benefit the local Los Angeles community," said AECOM Chairman and Chief Executive Officer John M. Dionisio. "I am proud that we will be able to utilize AECOM's expertise and forward-looking approaches to support the building project and deliver benefits to taxpayers."
The building program's final phase is expected to be completed within five years.
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 140 countries and had revenue of $8.2 billion during the 12 months ended March 31, 2013. 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, statements of plans for future operations or expected revenue. 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 quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2013, 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.
AECOM Technology Corporation
Paul Dickard, 646-432-8473
VP, External Communications
KEYWORDS: United States North America California
The article AECOM awarded US$94.6-million program management contract by the Los Angeles Community College District originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.