Critical work will support compliance with recovery programs and regulations, and help address key environmental challenges
DALLAS, May 11, 2022–(BUSINESS WIRE)–AECOM (NYSE: ACM), the globally trusted infrastructure consulting firm, today announced that its joint venture Resolution Consultants with EnSafe have been awarded an IDIQ (single-award, infinite delivery, infinite quantity) contract contracted from Naval Facilities Engineering Systems Command (NAVFAC) Atlantic to provide architecture and engineering services for the Comprehensive Long-Term Environmental Action Navy (CLEAN) program. Under the $400 million cap contract, the joint venture will conduct environmental studies, investigations and design that address pressing environmental issues.
“As we continue to advance ours Sustainable legacies Strategy, we remain committed to executing projects using a framework of responsible practices that set new standards for technical excellence and help our customers solve their toughest challenges,” said Frank Sweet, chief executive of AECOM’s global environmental business. “We’re proud of it to apply sound science, innovative restoration strategies and a safety-centric culture to help our customers achieve their environmental goals.”
The joint venture will provide program management and technical environmental services addressing critical issues such as per- and polyfluoroalkyl substances (PFAS) and other emerging contaminants, vapor intrusion, sediment, munitions and radiological assessments, and hazardous materials. This work will support compliance with environmental remediation programs such as the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and the Resource Conservation and Recovery Act (RCRA).
“Our team of passionate environmental professionals share a common vision of project excellence as we support the CLEAN program in this role,” said Karl Jensen, executive vice president of AECOM’s National Governments business. “Our world-class specialists consistently deliver high-quality, cost-effective environmental services that fuel innovation and drive regulatory partnerships. We are honored to provide our clients with an established team with a proven track record of delivering critical environmental programs.”
The scope of the joint venture includes assessments, studies, investigations and remediation concepts; management and community relations plans; human and environmental risk assessments; feasibility, treatability and corrective action studies; Preliminary and remedial action requirements for emerging pollutants; Development and maintenance of geographic information systems; and expedited response measures.
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, providing professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. In transport, building, water, new energy and environmental projects, our public and private clients trust us to solve their most complex challenges. Our teams are driven by a common goal to create a better world through our unmatched technical expertise and innovation, a culture of equity, diversity and inclusion, and commitment to environmental, social and governance priorities. AECOM is a Fortune 500 company and its Professional Services business had revenue of $13.3 billion in fiscal 2021. Visit aecom.com and @AECOM to see how we create lasting legacies for generations to come.
All statements in this release, other than statements of historical fact, are “forward-looking statements” within the meaning of federal and state securities laws, including any statements regarding plans, strategies and objectives for future operations, profitability, strategic value creation, impact of the coronavirus , risk profile and investment strategies and statements regarding future economic conditions or performance and expected financial and operating 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 implied in our forward-looking statements. Important factors that could cause our actual results, performance and achievements or industry results to differ materially from the estimates or projections contained in our forward-looking statements include the following: Our business is cyclical and susceptible to economic downturns and downturns customer spend; Impacts caused by the coronavirus and related economic instability and market volatility, including government responses to the coronavirus, including increased travel times, commercial or similar restrictions, the delay in the start of construction, or the temporary or permanent cessation of construction, infrastructure or other projects, requests that we remove our employees or employees from the field for their protection, and delays or reductions in planned initiatives by our government or commercial customers or prospective customers; losses from fixed price contracts; limited control over the operations of our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with any law or regulation applicable to our business; maintaining reasonable security and financial viability; potentially high leverage and inability to service our debt and guarantees; ability to continue paying dividends; exposure to political and economic risks in different countries, including tariffs; exchange rate and interest rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; insufficient insurance coverage; compliance with environmental laws and appropriate nuclear compensation; unexpected adjustments and cancellations related to our backlog; partners and third parties who may not be complying with their legal obligations; AECOM Capital real estate development projects; administration of pension costs; Cyber security issues, IT outages and data protection; Risks associated with the benefits and costs of various divestitures such as the sale of our management services, construction of risky civil infrastructure and oil and gas construction companies, including the risk that price adjustments, if any, may be acquired from these transactions could be unfavorable and all future proceeds due to us from these transactions may be lower than we anticipate; and 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. All forward-looking statements are made as of the date of this release. We do not intend and assume no obligation to update any forward-looking statements.
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