AECOM Technology Corporation
) has received a contract from U.S. Agency for International
Development (USAID) for the South Sudan Viable Support to
Transition and Stability (VISTAS) program. The five-year contract
is valued at $110 million.
VISTAS is primarily designed to boost citizens' confidence and
capacity to address the causes and consequences of political
conflict, violence and instability. Therefore, as per the
contract terms, AECOM will provide USAID with creative and
flexible citizen-driven solutions that build government capacity
to prevent, respond to and mitigate conflict; facilitate citizen
participation in political and peace processes. In addition, the
program will also engage youth and other vulnerable groups in
productive social and economic activities.
USAID is the United States federal government agency
responsible for administering civilian foreign aid. USAID's goals
include providing economic, development and humanitarian
assistance across the world. It primarily operates in Africa,
Asia, Latin America and Europe.
The VISTAS program is an improvement on its previous South
Sudan Transition and Conflict Mitigation program that had begun
in 2009. The program primarily supported political and peace
processes after South Sudan's independence from the Republic of
On Aug 8, AECOM had received an $18.7 million USAID contract
in the Philippines to execute the Water Security for Resilient
Economic Growth and Stability program, called "Be Secure". As per
the contract, AECOM will collaborate with the government of the
Philippines to promote good governance and put together capacity
increase in water security in order to achieve improved access to
water services and more-resilient communities. Further, AECOM
will work to improve sustainable water supply, advance
wastewater-treatment service delivery and increase flexibility to
climate-related water stress and hydrological extremes.
AECOM has the expertise and track record of successful
completion of such conflict mitigation programs. AECOM is a
leading global provider of professional technical and management
support services for public and private clients around the
AECOM has a Zacks Rank #3 (Hold). Some other stocks in the
industry worth considering at the moment are
Micheal Baker Corporation
Pernix Group Inc.
). Micheal Baker Corporation has a Zacks Rank #1, while Pernix
Group and VSE Corp. carry a Zacks Rank #2 (Buy).
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