Leading provider of professional technical and management support services for public and private clients AECOM Technology Corporation (ACM - Analyst Report) was recently awarded a $49 million contract by the U.S. Agency for International Development’s Office of Transition Initiatives (USAID/OTI) for the Mali Transition Initiative (MTI). The MTI program aims to promote peace and stability in Mali, West Africa.
AECOM will be acting as the implementing partner for the three-year MTI program. As per the agreement, AECOM is expected to assist the U.S. government in reinstating democracy in Mali and making information freely available to the public.
The MTI program will also focus on providing immediate stability in Northern Mali with the re-establishment of the region’s governance structures.
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 for the U.S. government. The MSS segment contributed $0.9 million or 11% of total consolidated revenue during fiscal 2012.
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 to serve its clients, which are spread in more than 140 countries. AECOM reported revenues of $1.9 billion during its last quarter.
AECOM currently carries a Zacks Rank #3 (Hold). Some better-placed stocks in the construction sector that are worth a look include DR Horton Inc. (DHI - Analyst Report), Dycom Industries Inc. (DY - Analyst Report) and Eagle Materials Inc. (EXP - Snapshot Report). All these stocks carry a Zacks Rank #1 (Strong Buy).