AECOM awarded a more than $80 million environmental remediation contract for Vandenberg Space Force Base in California
DALLAS — AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it has been awarded an Optimized Remediation Contract (ORC) by the U.S. Army Corps of Engineers (USACE) Los Angeles District to provide environmental remediation services at Vandenberg Space Force Base on California's Central Coast. The 10-year, $81.3-million single award is one of the largest optimized remediation contracts awarded by the USACE Los Angeles District, reinforcing AECOM's position as a trusted partner in delivering mission-critical solutions.
Article content
Article content
'We are honored to expand our long-standing relationship with the Department of Defense and lead this critical work at Vandenberg Space Force Base,' said Frank Sweet, chief executive of AECOM's global Environment business. 'Through innovative, sustainable remediation solutions, we're helping to restore natural systems and deliver impactful environmental outcomes that align with our clients' long-term goals.'
The contract includes a range of remediation and management activities at 60 sites throughout the base. Additionally, state-of-the-art digital tools will be utilized to enhance data collection, analysis, and reporting, resulting in an optimized approach to site remediation.
Article content
'As the sole contractor for this project, our team's deep experience delivering complex environmental solutions across California and for the U.S. Army Corps of Engineers uniquely positions us to support this mission,' said Matt Crane, Chief Executive of AECOM's U.S. West Region. 'By leveraging the principles of our Sustainable Legacies strategy and applying cutting-edge digital innovations, we are accelerating progress toward lasting restoration at Vandenberg Space Force Base.'
Article content
About AECOM
AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at aecom.com.
Article content
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, capital allocation strategy including stock repurchases, 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; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including 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 and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the 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.
Article content
Article content
Article content
Contacts
Article content
Media Contact:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
213-996-2367
Brendan.Ranson-Walsh@aecom.com
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
32 minutes ago
- National Post
The two ways Trump's tariffs on Canada could collapse — despite his fight to keep them
WASHINGTON, D.C. — Time's up. On Friday, U.S. President Donald Trump raised the tariff rate on Canadian goods not covered under the Canada-United States-Mexico Agreement (CUSMA) from 25 to 35 per cent, saying they 'have to pay a fair rate.' The White House claims it's because of Canada's failure to curb the 'ongoing flood of fentanyl and other illicit drugs.' U.S. Customs and Border Protection (CBP) data, however, show that fentanyl seizures from Canada make up less than 0.1 per cent of total U.S. seizures of the drug; most smuggling comes across the Mexican border. Article content Article content But the future of Trump's policy also rests on shaky ground, and the tariffs could come crashing down even if Canada can't reach a deal at some point. Imposed through a controversially declared 'national emergency' under the International Emergency Economic Powers Act (IEEPA), the tariffs come with essentially three paths for relief to Canadian exporters and their American customers: the courts and the economy. Article content Article content There is a big question hanging over whether Trump's tariffs are even legal under the U.S. Constitution, which gives Congress powers over trade. Trump has bypassed that by claiming he's using presidential IEEPA emergency powers. Article content On Thursday, the Washington, D.C.-based Federal Circuit Court of Appeals convened an en banc hearing for oral arguments in challenges to Trump's use of IEEPA. The 11 judges questioned whether the law meant for sanctioning adversaries or freezing assets during emergencies grants Trump the power to impose tariffs, with one judge noting, 'IEEPA doesn't even mention the word 'tariffs.'' The White House, meanwhile, says the law grants the president 'broad and flexible' emergency powers, including the ability to regulate imports. Article content 'Based on the tenor and questions of the arguments, it appears that the challengers have the better odds of prevailing,' Thomas Berry, the CATO Institute's director of the Robert A. Levy Center for Constitutional Studies said in a statement. 'Several judges peppered the government's attorney with skeptical questions about why a broad term in IEEPA like 'regulate importation' should be read to allow the president to unilaterally impose tariffs.' Article content Article content Trump's lawyers claim his executive order provides the justifications for the tariffs — in Canada's case, fentanyl. But Berry said 'those justifications would not matter if IEEPA simply does not authorize tariffs in the first place. That is the cleanest and simplest way to resolve this case, and it appears that the Federal Circuit may be leaning toward that result.' Article content A decision is expected this month, and if it's a resounding pushback from the judges' panel, said Andrew Hale, a senior policy analyst at Heritage Foundation, the Supreme Court may not even take up the case. If so, he says, 'these Liberation Day tariffs and everything that's been imposed under emergency legislation, IEEPA, that all evaporates.'
Globe and Mail
36 minutes ago
- Globe and Mail
1 Green Flag for Dutch Bros Stock Right Now
Key Points Dutch Bros is cleverly centering its marketing strategy around winning over the Gen Z generation, and it's working. Starbucks is experiencing declining same-store sales, while Dutch Bros is growing. 10 stocks we like better than Dutch Bros › After disappointing performance following its initial public offering in 2021, Dutch Bros (NYSE: BROS) rewarded investors' patience with the stock rocketing higher. At the time of writing, the stock has climbed nearly 90% since 2023. However, there's one green flag that says Dutch Bros is on its way to delivering monster returns for long-term investors. Gen Z loves Dutch Bros Dutch Bros registration filing at the time of its IPO disclosed that only 23% of its customers were over the age of 36 and 67% were female. Brands that connect with Gen Z are in a great position to drive long-term growth, and Dutch Bros has tailored its strategy to win their loyalty. It offers competitive pricing for its "handcrafted" beverages, which includes colorful names like Cotton Candy and Bubblegum Rebel, which appeal to a younger crowd. Its momentum with this young demographic could explain why Starbucks is having trouble growing sales. In the first quarter, posted systemwide same-store sales for Dutch Bros increased by 4.7% year over year, marking the ninth consecutive quarter of positive comp sales growth. Starbucks has delivered six consecutive quarters of declining comp sales, with North America comps down 2% year over year in the most recent quarter. This represents an impressive market share gain for Dutch Bros, which doesn't have nearly the geographic diversity that Starbucks has. Dutch Bros has just over 1,000 shops open in 18 states but plans to have more than 2,000 by 2029. Is the stock a buy right now? It's another good sign for Dutch Bros that McDonald's venture into the specialty beverage market with CosMc's failed. Dutch Bros has tremendous brand power, excellent management, and brilliant marketing. The stock is still worth buying. It was undervalued over a year ago, trading at a low price-to-sales multiple, which led to the rerating by investors. It is now trading at a more appropriate sales multiple for its growth potential. As it continues to grow, margins will likely expand and earnings per share will likely take off. This looks like a great long-term investment. Should you invest $1,000 in Dutch Bros right now? Before you buy stock in Dutch Bros, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Dutch Bros wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025
Globe and Mail
an hour ago
- Globe and Mail
This Underrated Quantum AI Stock Could Deliver Huge Gains by 2030
Key Points Arqit Quantum is a promising developer of technology that protects against cyberattacks from quantum computers. Although quantum computers don't present a cybersecurity threat yet, it could be only a matter of time. Arqit could have a huge addressable market if this quantum computing threat materializes in the next few years. 10 stocks we like better than Arqit Quantum › Every now and then, a new technology meets its moment. That's arguably happening with quantum computing. Over the last three months, several quantum computing stocks have skyrocketed. IonQ 's share price is up more than 40%. Rigetti Computing has soared more than 60%. The aptly named Quantum Computing has seen its share price more than double. And D-Wave Quantum is the biggest winner, with its stock skyrocketing more than 140%. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Another largely underrated quantum computing stock has also taken off in recent months. And it could deliver huge gains by 2030 with a little luck. A promising "anti-quantum computing" stock The stock I'm referring to is Arqit Quantum (NASDAQ: ARQQ). You might say that Arqit is more of an "anti-quantum computing" stock than it is a quantum computing stock. Arqit has developed technology that can protect any networked device or data against cyberattacks from quantum computers. Its flagship product, Arqit SKA-Platform, uses symmetric key agreement (SKA). This cryptographic approach allows two or more parties to share a secret key used for encryption and decryption without sending the key over an unsecured channel. SKA-Platform depends on a proprietary version of a process called replicated entropy, where identical sets of random numbers are delivered securely to data centers. The product also features a lightweight software agent that can be downloaded onto any device. It supposedly would take even the fastest quantum computer millions of years to break the symmetric encryption keys created by SKA-Platform. Arqit and its technology have already garnered a lot of praise. The company was recognized for its innovation in 2023 at the Institution of Engineering and Technology awards. It has also been named the Cyber Security Awards' Cyber Security Software Company of the Year and won the Innovation in Cyber Award at the National Cyber Awards in the United Kingdom. "Q day is coming" Quantum computers don't present a cybersecurity threat -- yet. However, to use Arqit's words, "Q day is coming." It's only a matter of time before a large-scale quantum computer is developed that puts the entire public key infrastructure (PKI) encryption framework in jeopardy. Over the last 12 months, several quantum computing leaders have achieved major milestones. The more progress they make, the greater the interest is likely to be for Arqit's technology. That interest is already picking up. The company has inked contracts with a major telecommunications network operator and the U.S. Department of Defense. It expects to land more deals in the coming months. Arqit thinks that its SKA-Platform could be used on every cloud and networked device in the world. The company also believes that its product is the only one that can create encryption keys to protect against quantum computer cyberattacks using a cloud platform at a large scale and low cost. As you might imagine, this creates a massive opportunity for Arqit if it's right. Gartner estimates that the global cybersecurity market will reach $294 billion by 2028. If current encryption methods are rendered obsolete by quantum computers, Arqit should be able to target virtually all of this market. High risk, potentially high reward That's an exciting total addressable market for a company with a market cap hovering around $450 million. But while Arqit Quantum offers potential high rewards for investors, it also comes with high risk. The company's future hinges on the development of quantum computers that present a huge cybersecurity threat. Arqit has no control over whether this will happen and, if it does, when it will happen. In the meantime, expenses are increasing while revenue is meager (only $67,000 in the first half of fiscal year 2025). Arqit is on track to burn through its cash position of $24.8 million as of March 31, 2025, by early next year. The company can tap its at-the-market equity offering program to raise up to $75 million. However, that means issuing new shares -- and diluting the value of existing shares. Still, it's quite possible that Q day will arrive within the next few years. If it does, Arqit's stock could skyrocket. And this anti-quantum computing stock could truly meet its moment. Should you invest $1,000 in Arqit Quantum right now? Before you buy stock in Arqit Quantum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Arqit Quantum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025
