Navy Contingency Construction IDIQ Modification Increases Contract Value to $1.2B

The U.S. Navy has awarded four companies a $92M modification that increases the potential value of an indefinite-delivery/indefinite-quantity contract for global contingency construction services to $1.24B.

AECOM‘s (NYSE: ACM) URS subsidiary, Jacobs Engineering Group‘s (NYSE: JEC) CH2M business, KBR (NYSE: KBR) and Environmental Chemical Corp. support construction and engineering projects aimed at responding to natural disasters, humanitarian assistance, conflicts and other related events, the Department of Defense said Thursday.

The contractors may also be tasked to perform initial base operating services under the modification.

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