aecom-gets-101m-army-prepositioned-stock-logistics-contract-modification

AECOM Gets $101M Army Prepositioned Stock Logistics Contract Modification

Jeff Brody

AECOM (NYSE: ACM) has been awarded a one-year, $101M contract modification for logistics support to the Army Prepositioned Stocks-5 program.

The company's management services business will continue helping the service brand manage the supply and transportation of APS-5 equipment for soldiers in Camp Arifjan, Kuwait and Doha, Qatar, the Department of Defense said Monday.

The Army awarded the modification under the Enhanced Army Global Logistics Enterprise contract and obligated $48M at the time of award.

Work is anticipated to conclude in Jan. 2, 2021.

Investment firms American Securities and Lindsay Goldberg agreed to buy AECOM Management Services through an approximately $2.4B transaction the parties expect to close during the first quarter.

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