AECOM extends multi-decade partnership providing program and project management services to the Greater Orlando Aviation Authority
September 27 2022 - 5:55AM
Business Wire
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting
firm, announced today it has been awarded a contract by the Greater
Orlando Aviation Authority (GOAA) to provide ongoing program and
project management services, continuing a decades-long partnership
with the Authority. In this role, AECOM expects to support the
enhancement of GOAA’s assets in line with the agency’s primary
goals of excellent customer service, fostering economic development
through expansion, leveraging federal and state funding,
facilitating safety and security, and being fiscally
responsible.
“Our comprehensive approach starts with a team of highly
experienced program management and transportation professionals who
not only know the aviation industry, but have a deep understanding
of GOAA operations,” said Drew Jeter, chief executive of AECOM’s
global Program Management business. “Leveraging our Think and Act
Globally strategy, we’re proud to deploy innovations and best
practices honed from our extensive aviation experience at
cutting-edge facilities around the world and look forward to
bringing this expertise to bear at one of the nation’s
fastest-growing airports.”
AECOM’s scope is expected to encompass program, project, and
construction management, including program controls, development of
master program schedules, budget review, funding support, design
management, project monitoring, quality assurance, risk management,
design scopes, and contract administration.
“We’re excited to continue our longstanding partnership with
GOAA as it enhances and strengthens critical infrastructure to meet
its ever-expanding role as a global aviation hub,” said Dan Faust,
chief executive of AECOM’s U.S. East and Latin America region.
“With twenty-five years of hands-on experience delivering
successful results for the Authority, our diverse team of skilled
professionals is highly equipped to apply its industry-leading
expertise to support the cost-effective and timely
maintenance, expansion, and renovation of GOAA’s world-class
facilities.”
GOAA manages Orlando International Airport (MCO) and Orlando
Executive Airport (ORL). MCO saw more than 50 million passengers in
2019 and is the world’s seventh busiest airport by passenger
traffic and the second busiest origin and destination market in the
U.S. AECOM has been serving GOAA as one of its program managers on
MCO’s new South Terminal Complex Phase 1 Program and in recent
years has managed the completion of the Intermodal Terminal
Facility, Automated People Mover, and Parking Garage C.
About AECOM AECOM (NYSE: ACM), is the world’s trusted
infrastructure consulting firm, delivering professional services
throughout the project lifecycle – from planning, design and
engineering to program and construction management. On projects
spanning transportation, buildings, water, new energy, and the
environment, our public- and private-sector clients trust us to
solve their most complex challenges. Our teams are driven by a
common purpose to deliver a better world through our unrivaled
technical expertise and innovation, a culture of equity, diversity
and inclusion, and a commitment to environmental, social and
governance priorities. AECOM is a Fortune 500 firm and its
Professional Services business had revenue of $13.3 billion in
fiscal year 2021. See how we are delivering sustainable legacies
for generations to come at aecom.com and @AECOM.
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, coronavirus impacts, 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; impacts caused by the
coronavirus and the related economic instability and market
volatility, including the reaction of governments to the
coronavirus, including any prolonged period of travel, commercial
or other similar restrictions, the delay in commencement, or
temporary or permanent halting of construction, infrastructure or
other projects, requirements that we remove our employees or
personnel from the field for their protection, and delays or
reductions in planned initiatives by our governmental or commercial
clients or potential clients; losses under fixed-price contracts;
limited control over operations 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; currency exchange rate and interest fluctuations;
retaining and recruiting key technical and management personnel;
legal claims; inadequate insurance coverage; environmental law
compliance and inadequate nuclear indemnification; unexpected
adjustments and cancellations related to our backlog; partners and
third parties who may fail to satisfy their legal obligations;
AECOM Capital’s real estate development; managing pension cost;
cybersecurity issues, IT outages and data privacy; risks associated
with the benefits and costs of various dispositions such as the
sale of our Management Services, self-perform at-risk civil
infrastructure, power construction, and oil and gas construction
businesses, including the risk that purchase price adjustments, if
any, from those transactions could be unfavorable and any future
proceeds owed to us as part of those 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/20220927005197/en/
Media Contact: Brendan Ranson-Walsh Senior Vice
President, Global Communications 1.213.996.2367
Brendan.Ranson-Walsh@aecom.com Investor Contact: Will
Gabrielski Senior Vice President, Finance, Treasurer 1.213.593.8208
William.Gabrielski@aecom.com
AECOM (NYSE:ACM)
Historical Stock Chart
From Apr 2024 to May 2024
AECOM (NYSE:ACM)
Historical Stock Chart
From May 2023 to May 2024