Adding momentum to its efforts to increase international
presence, leading water solutions provider
) won a $2.7 million contract, which will add to its overseas
Xylem had won other contracts in foreign locations in the
recent past such as the $6.5 million deal in Singapore and the
largest ozone contract in China worth $1.9 million. Moreover,
to-date in 2013, Xylem has to its credit contract wins in India,
Colombia, United Arab Emirates, Sweden and Beijing.
The company's latest contract requires it to provide equipment
and technology for a storm water drainage system along Route 35
on the New Jersey coastline. The supply will ensure protection
against future storm damage.
Notably, this contract is part of the $265.0 million
reconstruction project to rectify the damage caused by Superstorm
Sandy in Oct 2012. Xylem will execute the deal with 47 Flygt
Slimline pumps and 27 smaller Flygt submersible N-pumps in nine
pump stations, spread over the 12-mile long coastline. The pump
stations have a capacity to carry roughly 25K to 35K gallons of
water per minute.
In case of a natural calamity like flood, these pumps will
ensure speedy discharge of excess water in water-logged areas.
Xylem will begin work on the project before the end of the year,
with the expected completion of the larger project by the summer
With such diversified and high-value contracts in the
pipeline, Xylem is expected to increase its market share and
generate higher revenues in the quarters ahead.
Xylem currently has a market capitalization of $6.3 billion.
The company holds a Zacks Rank #1 (Strong Buy). Other stocks that
warrant a look in the industry include
DXP Enterprises, Inc.
The Middleby Corporation
). Each of these stocks have a Zacks Rank #2 (Buy).
DXP ENTERPRISES (DXPE): Free Stock Analysis
GRAHAM CORP (GHM): Free Stock Analysis Report
MIDDLEBY CORP (MIDD): Free Stock Analysis
XYLEM INC (XYL): Free Stock Analysis Report
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