After a positive fourth-quarter earnings call, Dallas-based contractor AECOM has expressed a very hopeful outlook in response to President Biden's signing of the Infrastructure Investment and Jobs Act. AECOM CEO, Troy Rudd, believes that the company's strongest markets such as transit modernization, electrification, environmental remediation, and climate resilience will be effectively bolstered by the passage of the law.
"Importantly, we are positioned to benefit from nearly every line item in this bill," Rudd said. "We anticipate this funding will increase our addressable market and our most profitable business by double digits over the coming years, and we expect the most meaningful benefits in fiscal 2023 and beyond."
AECOM had touted its strong investment in government contracts even before the signing of the bill. Now the company has the certainty of long-term funding for all of its projects well into the foreseeable future.
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