ABM to Offer Service Support to the Navy - Analyst Blog

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ABM Government Services, an operating unit of ABM Industries Incorporated ( ABM ), and The Derichebourg Group's Derichebourg Multi-Services have recently secured a contract from the U.S. Navy to provide service support at Signaller, Italy air station and other support sites in Sicily.

Under this joint venture, ABM Industries and Derichebourg will provide support services such as labor, supervision, management, tools, materials, equipment, facilities, transportation, incidental engineering and other services necessary to provide base operations. This joint venture will meet the day-to-day requirements of the U.S Navy in a professional and effective manner and will employ 75 people to serve the purpose.

The contract win amid stiff competition signifies the inherent service quality of ABM Industries. The company provides various mission critical services to address challenges of military and other government agencies, providing them with adequate mission support services.

ABM Industries has a healthy contract pipeline and is particularly strong in government business. In the last reported quarter, revenues increased 11.0% year over year to $1.17 billion largely driven by organic growth.

Headquartered in San Francisco, Calif., ABM Industries provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the U.S. as well as Puerto Rico, British Columbia, and Canada.

ABM Industries currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering now in the industry include US Ecology, Inc ( ECOL ), carrying a Zacks Rank #1 (Strong Buy), and Publicis Groupe SA ( PUBGY ) and  MDC Partners Inc ( MDCA ), both carrying a Zacks Rank #2 (Buy).



ABM INDUSTRIES (ABM): Free Stock Analysis Report

US ECOLOGY INC (ECOL): Free Stock Analysis Report

MDC PTNRS INC (MDCA): Free Stock Analysis Report

PUBLICIS GP-ADR (PUBGY): Get Free Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: ABM , ECOL , MDCA , PUBGY

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