AECOM Secures AMP8 Wins, Enhances U.K. Water Business Growth

Core Insights - AECOM has achieved significant success in the U.K. water sector under the new AMP8 framework, maintaining a 100% success rate in recompeting for contracts, with the expected value of these contracts more than double that of the previous AMP7 period [1][2][3] Group 1: AMP8 Framework Overview - The AMP8 framework, managed by Ofwat, is valued at approximately £104 billion, representing a 77% increase compared to the AMP7 program, and will focus on enhancing the reliability, sustainability, and digitalization of water infrastructure in England and Wales [2] - AECOM aims to double its water practice over the next five years and is committed to partnering with U.K. water utilities to achieve infrastructure goals [3] Group 2: Recent Wins and Contracts - Recent key appointments include professional service frameworks for Thames Water and Southern Water, along with a role in Southern Water's $4.8 billion capital delivery program, showcasing AECOM's strong technical expertise [4][5] - AECOM's position as the leading water design firm is further solidified by its access to sustainable technologies, enabling comprehensive solutions across various markets [6] Group 3: Financial Performance and Growth Prospects - AECOM's shares have increased by 16.8$1.2 trillion IIJA funding in the U.S. and U.K. government investments in infrastructure [8] - The company reported a trailing four-quarter earnings surprise of 21.5% on average, with a total backlog of $23.86 billion, reflecting a 50.8% growth in contracted backlog [14]