AECOM (ACM)

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AECOM announces $63.6 million contract with U.S. Department of Defense
Wednesday December 5, 7:10 am ET
Maintenance support services contract represents option exercised on $254.3 million agreement to support U.S. Army


LOS ANGELES--(BUSINESS WIRE)--AECOM Technology Corporation (NYSE: ACM - News), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has been awarded a $63.6 million contract by the U.S. Department of Defense (U.S. DOD) for maintenance support services in Iraq.
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This award represents the first option exercised by the U.S. Army on a cost-plus-fixed-fee and cost-reimbursable contract with a potential value of up to $254.3 million for maintenance support services at various locations in Iraq. Under the terms of the original contract, which was announced in June, there is a base period and three renewable options. The two remaining renewal options are expected to be decided in June and December