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Project(s): View 6 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
Released November 14, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--AECOM Technology Corporation (NYSE:ACM) (Los Angeles, California), a provider of engineering, procurement and construction (EPC) services, boasted a record value for contract wins, and sharp growth in revenues and earnings, for its 2017 fiscal year. A major acquisition and strong hopes for infrastructure spending were among the positive factors for the year, which also saw strong demand from the transportation and energy markets. Industrial Info is tracking more than $54.5 billion in active projects involving AECOM, including nearly $6 billion worth that are under construction.
More than 40% of the total investment value (TIV) for active projects involving AECOM is in the Industrial Manufacturing Industry, with almost all of the industry's AECOM-related spending attributed to transportation- and automotive-related projects. The single-largest U.S. project featuring AECOM is General Motors Corporation's (NYSE:GM) (Detroit, Michigan) $1.2 billion expansion of its Fort Wayne Assembly Plant in Roanoke, Indiana. The automotive giant is adding an 825,000-square-foot paint shop and installing new production equipment to boost production of the GMC Sierra and Chevrolet Silverado pickups.
AECOM also is heavily involved in commuter rail projects, spanning the U.S. and Canada. AECOM and its Canadian subsidiary are performing design-engineering services for the $343 million North Metro commuter rail extension in Denver, Colorado, and the $818 million Waterloo Region Light Rail Transit Project in Waterloo, Ontario. The Denver project will add 13.5 miles to the city's public rail system, while the Waterloo project will feature both rail and bus lines and at least 11 stations. For more information, see Industrial Info's project reports on the Fort Wayne plant and the Denver and Waterloo projects.
One of AECOM's highest-profile energy projects is on the cusp of opening: Basin Electric Power Cooperative's (Bismark, North Dakota) $500 million Great Plains Synfuels Plant in Beulah, North Dakota, which is expected to produce 1,100 tons per day of urea from ammonia. The product will be used as feedstock for the adjacent Dakota Coal Gasification plant, which converts lignite coal--abundant in North Dakota--to synthetic natural gas. For more information, see Industrial Info's project report.
The Pharmaceutical & Biotech Industry does not account for a significant share of the TIV for projects involving AECOM, but it has one of the highest-valued individual projects under construction: Stony Brook University's $318 million addition to its Medical & Research Translation Building in Stony Brook, New York, which involves adding two buildings for laboratories and hospital beds. Fields to be studied at the facility include cancer biology and biomedical informatics. For more information, see Industrial Info's project report.
AECOM's contract wins for the full 2017 fiscal year totaled $23.2 billion, a record for the company; the total backlog increased 11% over fiscal 2016 to $47.5 billion. Among those projects awarded was the decommissioning of the San Onofre nuclear power plant in California, for which AECOM is performing EPC services with EnergySolutions, a nuclear waste-management and decommissioning services firm, through joint venture SONGS Decommissioning Solutions (SDS). Contract wins stood at $4.9 billion for the fiscal fourth quarter alone. For more information, see Industrial Info's project report on the San Onofre (SONGS) decommissioning.
During fiscal 2017, AECOM acquired Shimmick Corporation, which performs heavy civil construction in the Western U.S. markets, and opened a federal contracting division to take on infrastructure projects. Revenues for fiscal 2017 were reported to be $18.2 billion, a 4.6% increase from fiscal 2016; net income stood at $421.5 million, compared with $163.5 million in the previous year. For the fiscal fourth quarter alone, revenues were $4.86 billion, a 12.3% increase from fiscal fourth-quarter 2016; net income was reported to be $103.8 million, compared with $12.9 million in the same period last year.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
More than 40% of the total investment value (TIV) for active projects involving AECOM is in the Industrial Manufacturing Industry, with almost all of the industry's AECOM-related spending attributed to transportation- and automotive-related projects. The single-largest U.S. project featuring AECOM is General Motors Corporation's (NYSE:GM) (Detroit, Michigan) $1.2 billion expansion of its Fort Wayne Assembly Plant in Roanoke, Indiana. The automotive giant is adding an 825,000-square-foot paint shop and installing new production equipment to boost production of the GMC Sierra and Chevrolet Silverado pickups.
AECOM also is heavily involved in commuter rail projects, spanning the U.S. and Canada. AECOM and its Canadian subsidiary are performing design-engineering services for the $343 million North Metro commuter rail extension in Denver, Colorado, and the $818 million Waterloo Region Light Rail Transit Project in Waterloo, Ontario. The Denver project will add 13.5 miles to the city's public rail system, while the Waterloo project will feature both rail and bus lines and at least 11 stations. For more information, see Industrial Info's project reports on the Fort Wayne plant and the Denver and Waterloo projects.
One of AECOM's highest-profile energy projects is on the cusp of opening: Basin Electric Power Cooperative's (Bismark, North Dakota) $500 million Great Plains Synfuels Plant in Beulah, North Dakota, which is expected to produce 1,100 tons per day of urea from ammonia. The product will be used as feedstock for the adjacent Dakota Coal Gasification plant, which converts lignite coal--abundant in North Dakota--to synthetic natural gas. For more information, see Industrial Info's project report.
The Pharmaceutical & Biotech Industry does not account for a significant share of the TIV for projects involving AECOM, but it has one of the highest-valued individual projects under construction: Stony Brook University's $318 million addition to its Medical & Research Translation Building in Stony Brook, New York, which involves adding two buildings for laboratories and hospital beds. Fields to be studied at the facility include cancer biology and biomedical informatics. For more information, see Industrial Info's project report.
AECOM's contract wins for the full 2017 fiscal year totaled $23.2 billion, a record for the company; the total backlog increased 11% over fiscal 2016 to $47.5 billion. Among those projects awarded was the decommissioning of the San Onofre nuclear power plant in California, for which AECOM is performing EPC services with EnergySolutions, a nuclear waste-management and decommissioning services firm, through joint venture SONGS Decommissioning Solutions (SDS). Contract wins stood at $4.9 billion for the fiscal fourth quarter alone. For more information, see Industrial Info's project report on the San Onofre (SONGS) decommissioning.
During fiscal 2017, AECOM acquired Shimmick Corporation, which performs heavy civil construction in the Western U.S. markets, and opened a federal contracting division to take on infrastructure projects. Revenues for fiscal 2017 were reported to be $18.2 billion, a 4.6% increase from fiscal 2016; net income stood at $421.5 million, compared with $163.5 million in the previous year. For the fiscal fourth quarter alone, revenues were $4.86 billion, a 12.3% increase from fiscal fourth-quarter 2016; net income was reported to be $103.8 million, compared with $12.9 million in the same period last year.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
