AECOM (NYSE: ACM) won a contract from the Los Angeles County Metropolitan Transportation Authority (Metro) to provide program management, design and engineering services.
Banking on its Sustainable Legacies strategy, ACM will support Metro's ambitious goal of transitioning its bus fleet to Zero Emission Buses. Also, it will focus on charging infrastructure conceptual design, specification, and procurement. Its expertise will help guide the seamless transition to zero-emission operations, offering innovative solutions to complex transportation challenges.
The sustainable and efficient transit system aims to reduce greenhouse gas emissions while improving air quality for Los Angeles County residents. On an impressive note, the initiative is one of the largest electric bus programs in the United States and is supported by the Infrastructure Investment and Jobs Act.
ACM's Stock Performance
The company's shares have gained 11.6% so far this year, which is nearly one-third of the Zacks Engineering - R and D Services industry's 36.2% growth.
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