AECOM, Shaw joint venture is one of six companies awarded Global Contingency Services Contract worth up to US$900 million
LOS ANGELES--(BUSINESS WIRE)-- AECOM Technology Corporation (NYSE: ACM) and The Shaw Group, Inc. (NYSE: SHAW) announced today that Pacific Contingency Services LLC (PCS), a joint venture between AECOM and Shaw’s Environmental & Infrastructure Group, was awarded an Indefinite Delivery, Indefinite Quantity multiple award Global Contingency Services Contract (GCSC) by the U.S. Naval Facilities Engineering Command (NAVFAC) Pacific.
Under the contract, the joint venture will provide short-term facility support services with incidental construction in response to natural disasters, humanitarian efforts, full-range military actions and incumbent breaks in services at various locations throughout the world.
Support services with incidental construction may include airfield and port operations, ship charter, supply, emergency management, fire and emergency services, force protection, safety, environmental, facility support, fleet and family readiness, command, information technology services, resource management, total force management, and training and readiness.
The contract is similar to a Global Contingency Construction (GCC) contract held by Atlantic Contingency Constructors LLC, which includes AECOM and Shaw’s Environmental & Infrastructure Group and addresses global contingency construction needs for the U.S. Navy. Several of AECOM and Shaw’s operations have provided services under GCC and the companies anticipate additional opportunities on future task orders under both contracts.
The joint venture is one of six companies selected to compete for up to US$900 million in task orders under the contract, which includes a one-year base period, plus four option years.
AECOM and Shaw will provide services to PCS as task orders are won under the Global Contingency Services Contract. Shaw will include in its Environmental & Infrastructure segment’s backlog of unfilled orders the value of awards received from PCS as the awards occur.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in approximately 125 countries and had revenue of $8.0 billion during its fiscal year 2011. More information on AECOM and its services can be found at www.aecom.com.
About The Shaw Group
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2011 annual revenues of $5.9 billion, Shaw has approximately 27,000 employees around the world and is a power sector industry leader according to Engineering News-Record’s list of Top 500 Design Firms. For more information, please visit Shaw’s website at http://www.shawgrp.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any projections of earnings, statements of plans for future operations or expected revenue.Actual results could differ materially from those projected or assumed in any of our forward-looking statements.Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our reports filed with the U.S. Securities and Exchange Commission.AECOM and The Shaw Group do not intend, and undertake no obligation, to update any forward-looking statement.