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BUSINESS NEWS AECOM AWARDED A MORE THAN $80 MILLION ENVIRONMENTAL REMEDIATION CONTRACT FOR VANDENBERG SPACE FORCE BASE IN CALIFORNIA AECOM, the trusted global infrastructure leader, today announced that it has been awarded an Optimized Remediation Contract by the U.S. Army Corps of Engineers Los Angeles District to provide environmental remediation services at Vandenberg Space Force Base on California’s Central Coast. The 10-year, $81.3-million single award is one of the largest optimized remediation contracts awarded by the USACE Los Angeles District, reinforcing AECOM’s position as a trusted partner in delivering mission- critical solutions. “We are honored to expand our long- standing relationship with the Department of Defense and lead this critical work at Vandenberg Space Force Base,” said Frank Sweet, chief executive of AECOM’s global Environment business. “Through innovative, sustainable remediation
solutions, we’re helping to restore natural systems and deliver impactful environmental outcomes that align with our clients’ long-term goals.” The contract includes a range of remediation and management activities at 60 sites throughout the base. Additionally, state-of-the-art digital tools will be utilized to enhance data collection, analysis, and reporting, resulting in an optimized approach to site remediation. “As the sole contractor for this project, our team’s deep experience delivering complex environmental solutions across California and for the U.S. Army Corps of Engineers uniquely positions us to support this mission,” said Matt Crane, Chief Executive of AECOM’s U.S. West Region. “By leveraging the principles of our Sustainable Legacies strategy and applying cutting-edge digital innovations, we are accelerating progress toward lasting restoration at Vandenberg Space Force Base.”
EZEQUIEL TOVAR, from page 1
means having the right buy/sell provisions, such as mandatory sell-downs once you reach a certain age, a cap on ownership percentages, valuing the firm fairly for all parties, and having enough cash flow. This is crucial for the sustainability of the firm. In other words, you must have a system (both legal and financial) in place for when owners start selling their shares. Another financial factor: Younger generations today are experiencing increased inflation in housing and overall cost of living, with many graduating from college with student loan debt. These factors all culminate in many young leaders who might want to invest in the firm being unable to do so when the time comes. This has further diminished the affordability aspect of being an owner. THE BOTTOM LINE. It is a tricky landscape that owners must deal with. Despite the many uncertainties of life and the times, the AEC industry continues to grow and improve people’s lives. That is why an ownership transition plan that combines the right strategy on both the human and financial components will not only benefit you and your future owners, but also influence the DNA of your firm. Plan your firm’s future with confidence. Zweig Group’s ownership transition consulting services help AEC firms align people and money to build lasting, sustainable transitions. Learn more here! Ezequiel Tovar is a strategic planning consultant at Zweig Group. Contact him at etovar@ zweiggroup.com.
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THE ZWEIG LETTER SEPTEMBER 22, 2025, ISSUE 1602
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