AECOM's JV With STV Secures Sawtooth Bridges Replacement Project

Core Insights - AECOM's joint venture with STV has been selected by Amtrak to manage the Sawtooth Bridges Replacement Project, which is part of Amtrak's Gateway Program aimed at addressing critical repair needs and doubling train capacity on a congested section of the Northeast Corridor [1][3] Project Details - The Sawtooth Bridges, constructed in 1907, support over 400 daily trains and have structural deficiencies that limit train speeds to 60 mph, causing bottlenecks [2] - The project will deliver three new bridges, including a 1.9-mile stretch between Newark Penn Station and Secaucus Junction [2] AECOM's Role and Strategy - AECOM will adopt a multi-phased approach to project planning and delivery, coordinating design efforts and managing relationships with railroads, utilities, and third parties [4] - The company will leverage its extensive transportation resources and experience with large-scale projects to provide innovative solutions that enhance rail reliability [5] Broader Infrastructure Context - AECOM is involved in several major infrastructure projects funded by the Federal Railroad Administration, including the Frederick Douglass Tunnel Program and the Connecticut River Bridge Replacement [6] - The company has seen robust prospects across its segments, with a strong backlog and pipeline for upcoming quarters, driven by increasing demand for infrastructure services [7] Financial Performance - AECOM's shares have gained 16.8% year-to-date, outperforming the Zacks Engineering - R and D Services industry's growth of 9% [8] - The total backlog at the end of the fourth quarter of fiscal 2024 was $23.86 billion, reflecting a 3% increase from the prior year, with 50.8% of this being contracted backlog growth [12]