Subscribe to Entrepreneur for $5

AECOM (ACM) to Modernize Facilities for NASA's SERAE Program

AECOM (ACM) wins an IDIQ contract from NASA to provide architecture and engineering services.

This story originally appeared on Zacks

AECOM ACM has received an indefinite delivery, indefinite quantity (IDIQ) contract from the National Aeronautics and Space Administration or NASA to support the latter’s Southeast Regional Architect and Engineering (SERAE) program. This five-year multiple-award IDIQ contract has a shared program ceiling of $300 million.

Per the deal, AECOM will rehabilitate, modernize, and develop the new systems for facilities, utilities, and ground support at major NASA locations across the United States. Also, it will provide a wide range of architecture, civil, structural, mechanical and electrical infrastructure services throughout the project phases. The services include architectural design, field investigations and surveys, engineering and environmental reports, trade studies, design specifications, construction site inspections as well as scheduling and cost estimating.

Sean Chiao, chief executive of AECOM’s global Buildings + Places business, said “From the Mercury and Gemini programs through today, AECOM has been honored to work alongside NASA on all of its facilities spanning the country. This new contract allows us to continue our successful and longstanding partnership.” He continued, “We’re excited to leverage our intimate knowledge of the administration’s enterprises and best practices to deliver unmatched professional services that advance NASA’s goal of leading an innovative and sustainable program of space exploration, scientific discovery, and aeronautics research to the next frontier.”

- Zacks

Solid Project Execution Benefits AECOM

AECOM is a leading solutions provider for supporting professional, technical, and management solutions for diverse industries across end markets like transportation, facilities, government as well as environmental, energy, and water businesses. The major part of the U.S. government’s broad infrastructural plan is focused on transit and water markets, wherein AECOM enjoys a dominant position.

Over the past 50 years, AECOM has been supporting NASA in its globally impactful missions and cutting-edge operations.

Currently, this leading professional, technical and management solution provider has been witnessing a robust pipeline of pursuits across the business. The company’s net service revenues or NSR — defined as revenues excluding subcontractors and other direct costs — have been benefiting from strength across core transportation, water, and environment markets.

Zacks Investment Research

Image Source: Zacks Investment Research

The stock has rallied 34.6% in the year-to-date period compared with the industry’s 28.6% growth. Earnings estimates for fiscal 2021 have moved up 1.4% in the past 60 days, depicting analysts' optimism over bottom-line growth potential. The Zacks Consensus Estimate for the Zacks Rank #3 (Hold) company’s fiscal 2021 earnings indicates a 31.2% increase from the 2020 level. AECOM currently has good visibility into growth and a strong backlog for the upcoming quarters.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Picks

Some better-ranked stocks in the same industry include KBR, Inc. KBR, Altair Engineering Inc. ALTR and Quanta Services Inc. PWR, each carrying a Zacks Rank #2 (Buy). KBR, Altair, and Quanta are likely to register earnings growth rate of 24.9%, 64.5%, and 19.9% year over year for 2021.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report


Quanta Services, Inc. (PWR): Free Stock Analysis Report


Altair Engineering Inc. (ALTR): Free Stock Analysis Report


AECOM (ACM): Free Stock Analysis Report


KBR, Inc. (KBR): Free Stock Analysis Report


To read this article on click here.