AECOM JV Won A 3-Year Contract From The Chicago Department Of Water Management (DWM) To Provide Program Management Services
Portfolio Pulse from Benzinga Newsdesk
AECOM (NYSE:ACM) and its joint venture partner DB Sterlin have been awarded a 3-year contract by the Chicago Department of Water Management to provide program management services. The AECOM-DBS JV will manage the capital improvement program for DWM's facilities, including its water distribution system, pumping stations, and water purification plants.
October 05, 2023 | 11:02 am
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AECOM's joint venture with DB Sterlin has won a 3-year contract from the Chicago Department of Water Management. This could potentially increase AECOM's revenues and strengthen its position in the infrastructure consulting sector.
Winning a contract from a major city's department is a positive development for AECOM. This could lead to increased revenues over the contract period and also enhance AECOM's reputation in the infrastructure consulting sector. Therefore, this news is likely to have a positive impact on AECOM's stock price in the short term.
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