AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private sector clients in more than 130 countries around the world, announced today that it has won a task order from the U.S. Air Force for Contract Field Teams (CFT) valued at $289.2 million over a 34-month duration, if all performance periods and options are exercised.
The CFT contract is an indefinite delivery/indefinite quantity (IDIQ) contract with the U.S. Army Central Command to supplement its aviation-support facilities with full-time maintenance services.
Under this task order, which begins on May 1, 2012, more than 1,000 new AECOM employees will provide maintenance support for a wide variety of aircraft at multiple locations throughout Southwest Asia and the Middle East.
CFT IDIQ task orders awarded to AECOM to date total approximately $665 million, and include assignments in California, Oklahoma, Texas, Georgia, North Carolina, Florida, Arizona, Kansas, Guam, Afghanistan, Kuwait, and Egypt. The CFT program, which has a maximum value of $10.12 billion over a seven-year period through 2015, provides major and minor inspections, maintenance, modifications and repairs of aircraft and ground vehicles at government locations around the world.
AECOM 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 more than 130 countries and had revenue of $8.1 billion during the 12 months ended Dec. 31, 2011. More information on AECOM and its services can be found at www.aecom.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 quarterly report on Form 10-Q for the fiscal quarter ended Dec. 31, 2011, 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.