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Benzinga
Benzinga
Business
Akanksha Bakshi

American Water Secures Its First Navy Contract

Navy American Water AWK Department of Defense NYSE Florida Jacksonville
  • American Water Works Company Inc's (NYSE:AWK) Military Services Group has secured a contract for the ownership, operation, maintenance, and replacement of the wastewater utility system assets at Naval Station Mayport in Jacksonville, Florida.
  • The contract value awarded is ~$341 million over a 50-year period.
  • "American Water is honored to be awarded our first Navy contract," said CEO Susan Hardwick.
  • AWK was selected for the NS Mayport wastewater UP contract by the Defense Logistics Agency (DLA), which operates as a contracting agency for the Department of Defense.
  • AWK's Military Services Group expands footprint to 18 installations.
  • NS Mayport is home to a daily population of over 32,000 sailors, families, civilians, and the Navy's 4th Fleet.
  • Price Action: AWK shares are trading higher by 2.61% at $152.65 on the last check Friday.
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