AECOM's JV With Binnies Wins Changi WRP Expansion Project

Core Insights - AECOM and Binnies Singapore have been awarded a contract for the Phase 3 expansion of the Changi Water Reclamation Plant by Singapore's National Water Agency, PUB, aimed at ensuring a sustainable water supply for Singapore [1][2] Group 1: Project Details - The Changi WRP Phase 3 expansion will increase its treatment capacity by up to 96 million gallons per day, playing a crucial role in PUB's water management system [2] - The joint venture will provide preliminary design, construction supervision, and cost-benefit analysis for the expansion, along with long-term engineering and environmental studies [3] Group 2: Company Performance - AECOM's backlog reached an all-time high at the end of Q3 fiscal 2025, with a book-to-burn ratio above 1 for the 19th consecutive quarter, indicating strong demand for its services [5] - The company has raised its full-year fiscal 2025 guidance, reporting adjusted EBITDA and EPS growth of 10% and 16% year-to-date, respectively, and a 27% increase in free cash flow [5] - AECOM's stock has increased by 12.4% year-to-date, outperforming the Zacks Engineering - R and D Services industry, which grew by 10.5% [8]