LOS ANGELES (May 23, 2018) — AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, announced today that its wholly owned subsidiary, JT4 Limited Liability Company (LLC), was awarded in the month of April a 15-year contract from the U.S. Air Force for Joint Range Technical Services (J-Tech II). The US$3.1 billion, cost-plus-award-fee contract is expected to be completed by April 15, 2033. The value of this contract, along with previous contracts in this services sector, will be added to AECOM’s backlog for the third quarter of fiscal year 2018.
“We are honored to continue our relationship with the U.S. Air Force and Navy, serving as their primary partner for range support services,” said Michael S. Burke, AECOM’s chairman and chief executive officer. “Leveraging our expanded capabilities and scale, this substantial award underscores the continued transformational backlog growth that we are driving in our Management Services business, our highest-margin segment.”
“For many years, we have established an excellent track record of providing services through the J-Tech program,” said John C. Vollmer, AECOM’s president of its Management Services group. “We have supported testing and training missions with a commitment to safety, innovation and operational excellence. Our continued partnership with the U.S. Air Force and Navy speaks to our success in safely and successfully supporting this very important program.”
Through this contract, AECOM will continue to provide for operation, maintenance and sustainment of the western test and training ranges. Work will be performed at the 412th Test Wing, California; Utah Test and Training Range, Utah; Nevada Test and Training Range, Nevada; the Naval Air Warfare Center Weapons Division, California; and the Space Test and Training Range, Colorado.
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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 the future term, value and financial impact of the Joint Technical Range Services (J-Tech II) contract as well as other future business and economic conditions. 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 annual report on Form 10-K for the year ended September 30, 2017, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
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