AECOM Technology Corp
) recently won a $148-million worth, three-year contract to
provide construction-supervision and design-review services for
part of the Doha Expressway program in Qatar, and the work will
start immediately. The expressway will primarily be connecting Al
Khor city with Mesaieed.
The agreement includes construction of a 105-mile expressway
that will help in the easy movement of sea freight into and out
of the New Port Project in Doha. In addition, the expressway will
also facilitate trucks and delivery vehicles to move around the
city. Aecom's management is very optimistic about this
The contract will be included in Aecom's Professional
Technical Services segment that primarily involves planning,
consulting, architectural and engineering design, and program and
construction management services to commercial and government
clients worldwide in major end markets such as transportation,
facilities, environmental, energy, water and government markets.
In the last reported quarter, the segment reported revenue growth
of 5.8% with a backlog of $14.0 million.
Based in Los Angeles, CA, Aecom is a global provider of
professional technical and management support services to a broad
range of markets, including transportation, facilities,
environmental and energy. The company's Management Support
Services segment offers management and maintenance, training,
logistics, consulting, technical assistance, and systems
integration services primarily to the agencies of the United
Aecom currently carries a Zacks Rank #3 (Hold). Other stocks
to watch out for in the construction sector are
Michael Baker Corporation
), carrying a Zacks Rank #1 (Strong Buy), and
Harris & Harris Group, Inc.
Orion Marine Group Inc
), each carrying a Zacks Rank #2 (Buy).
AECOM TECH CORP (ACM): Free Stock Analysis
BAKER (MICHAEL) (BKR): Free Stock Analysis
ORION MARINE GP (ORN): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
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