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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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AECOM has sold its Power construction business to affiliates of CriticalPoint Capital. The sale will add to AECOM’s business transformation strategy to become a higher-margin, lower-risk Professional Services business. “On behalf of our company, I thank the Power construction team for their contributions over the years and wish the business and CriticalPoint Capital the best of success,” said Troy Rudd.

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AECOM has integrated its Design and Consulting Services (DCS) businesses into one global organization as part of the company’s phased strategy. The new unit will be led by Lara Poloni, AECOM’s president. “Our greatest opportunity is to fully capitalize on the expertise that is inherent across our organization by thinking and acting as one global company,” said Troy Rudd, AECOM’s CEO.

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AECOM has partnered with the Federal Aviation Administration (FAA) to support critical national airspace system operations during the COVID-19 pandemic, the company reported on Monday. To date, AECOM has completed 63 tasks in 23 states. AECOM’s team of environmental and disaster response experts, supported by the company’s disinfection partners, began helping the FAA maintain continuity of airspace operations after the COVID-19 outbreak in the U.S.

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The former management services business of AECOM has adopted the name Amentum following its acquisition by private equity firms American Securities and Lindsay Goldberg. Germantown, Md.-based Amentum aims to offer information technology, mission assurance and intelligence support to U.S. federal agencies, allied governments and commercial clients as an independent company.

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