Leading professional technical and management support services
AECOM Technology Corporation
) recently procured a contract from Tatweer Buildings Company to
provide consultancy services for its huge construction program.
The three-year consulting deal is worth $21 million.
AECOM will assist Tatweer Buildings Company, a subsidiary of
Tatweer Holding Company, to develop its internal project and
program management capabilities in order to establish 2,100
educational facilities throughout the Kingdom of Saudi Arabia
(KSA). AECOM will support Tatweer Buildings in setting up primary
and secondary educational facilities in all the 13 provinces of
The contract will be included in the Management Support
Services (MSS) segment of AECOM, which primarily offers program
and facilities management and maintenance, training, logistics,
consulting, technical assistance and systems integration
services. The MSS segment contributed $0.9 million or 11% of
total consolidated revenue during fiscal 2012.
AECOM is believed to be well-equipped to work on such
educational programs for the overall upliftment for school
facilities. The recent contract win is a combined effort of AECOM
teams based in KSA, the United Arab Emirates and North
Based in Los Angeles, California, AECOM provides services to
diversified markets such as transportation, facilities,
environmental, energy and government. The company has around
45,000 employees spread across 140 countries.
AECOM currently carries a Zacks Rank #3 (Hold). Some
better-placed stocks in the construction sector that are worth a
DR Horton Inc.
Dycom Industries Inc.
Eagle Materials Inc
). While DR Horton carries a Zacks Rank #1 (Strong Buy), both
Dycom and Eagle carry a Zacks Rank #2 (Buy).
AECOM TECH CORP (ACM): Free Stock Analysis
D R HORTON INC (DHI): Free Stock Analysis
DYCOM INDS (DY): Free Stock Analysis Report
EAGLE MATERIALS (EXP): Free Stock Analysis
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