ACM Partners With Gorilla & NC Digy for Smart City Development

Strategic Partnership and Market Expansion - AECOM has entered into a strategic partnership with Gorilla Technology Group Inc and NC Digy Smart Cities to advance smart city initiatives in Latin America and the United States [1] - The collaboration aims to implement advanced technologies to improve urban infrastructure and enhance quality of life in these regions [1] - The smart cities market in Latin America is rapidly expanding, while the United States is preparing for a new phase of urban development [1] - The initiative is expected to drive significant growth over the next 30-50 years, targeting one of the largest growth opportunities in the Western Hemisphere [1] Latin America Smart City Development - Latin America is experiencing rapid urbanization, with cities seeking to improve efficiency, sustainability, and safety [2] - The smart city market in the region is projected to expand significantly due to government initiatives, a growing urban population, and demand for sustainable solutions [2] - The partnership will introduce advanced security solutions, including enhanced surveillance, AI-driven analytics, and secure data management systems tailored for Latin American cities [2] - AECOM's expertise in infrastructure consulting will ensure the smooth deployment of these technologies, aligning with best practices in urban planning [2] United States Smart City Innovation - In the United States, smart cities are becoming a key focus in urban development, with cities aiming to modernize infrastructure and improve residents' quality of life [3] - The partnership will market Gorilla Technology's advanced AI and cybersecurity solutions, including surveillance, access control, and emergency response systems [3] - These solutions are essential for ensuring safety in urban areas and addressing the security challenges of smart city projects [3] AECOM's Financial Performance and Backlog - AECOM's shares have increased by 25% in the past three months, outperforming the Zacks Engineering - R and D Services industry's 18.2% growth [4] - The company's total backlog as of the fiscal third-quarter end was $23.36 billion, compared to$23.21 billion in the prior-year period [5] - The design business backlog rose 3% to $21.89 billion, driven by a near-record win rate and strong end-market trends [5] - The current backlog level includes 54.8% contracted backlog growth, reflecting robust prospects in each of the company's segments [5] Industry Comparison and Stock Performance - AECOM currently carries a Zacks Rank 3 (Hold) [6] - Frontdoor, Inc (FTDR) has gained 58.2% in the past six months and has a trailing four-quarter earnings surprise of 279% on average [6] - Howmet Aerospace Inc (HWM) has appreciated 57.8% in the past six months and has a trailing four-quarter earnings surprise of 10.9% on average [6] - M-tron Industries, Inc (MPTI) has surged 60.9% in the past six months and has topped earnings estimates in three of the trailing four quarters [7]