AECOM Technology awarded IDIQ contract by U.S. Agency AECOM Technology announced that it is one of seven companies awarded an indefinite delivery/indefinite quantity, or IDIQ, contract worth up to a total of $350M by the U.S. Agency for International Development to provide clean energy technical assistance. Under the five-year contract, AECOM may provide technical energy services such as developing activities and strategy designs; creating enabling environments for clean energy development and energy-sector reform; incorporating climate change into USAID mission programs; increasing human resource capacity relating to energy services; fostering private-sector participation and investment; facilitating innovative financing approaches; assessing the environmental implications of energy services; and improving disaster preparations, responses and recovery in the energy sector. The contract covers "non-critical priority countries" as designated by USAID.
AECOM price target raised to $43 from $38 at Argus Argus increased its price target on AECOM after the company raised its full-year EPS guidance. The firm thinks the company has several positive catalysts and is upbeat on its outlook. Argus keeps a Buy rating on the shares.