American Water Awarded New Contract for Vandenberg Air Force Base, California
September 25 2015 - 5:23PM
Business Wire
American Water Works Company, Inc. (NYSE: AWK), the largest
publicly traded U.S. water and wastewater utility company, today
announced that its Military Services Group has been awarded a
contract for ownership, operation and maintenance of the water and
the wastewater systems at Vandenberg Air Force Base, Calif.
According to the agreement the award revenue is estimated at
approximately $298 million over a 50-year period. The contract will
be subject to annual economic price adjustment.
“American Water is extremely pleased to be awarded this contract
and we look forward to serving the military community at Vandenberg
Air Force Base,” said Susan Story, president and CEO of American
Water. “We will now be serving 12 installations across the country
and are committed to providing our servicemen and women and their
families with reliable, high quality water and wastewater services
for the next five decades and beyond.”
American Water's Military Services Group, which is reported as
part of American Water’s Market-Based operations segment, also
operates and maintains the water and/or wastewater assets at Fort
A.P. Hill, Va., Fort Sill, Okla., Fort Leavenworth, Kan., Scott Air
Force Base, Ill., Fort Rucker, Ala., Fort Meade, Md., Fort Belvoir,
Va., Fort Hood, Texas, Fort Polk, La., Picatinny Arsenal, N.J., and
Hill Air Force Base, Utah.
The Military Services Group of American Water provides water and
wastewater services to military installations across the country as
part of the federal government’s Utilities Privatization
Program.
“Our Military Services Group’s growing portfolio clearly
demonstrates the Government’s commitment to engage Utility
Privatization to obtain long term mission security and resiliency.
We remain committed to providing military bases with industry
standard water and wastewater services, as well as helping to
achieve other efficiencies like reducing energy use. We strive to
become an integrated support unit of the Base – the water and sewer
department – and to offer solutions that best meet the needs of
their mission. We are honored to be chosen to partner with
Vandenberg AFB,” said Todd Duerr, president of the Military
Services Group.
Vandenberg Air Force Base, located 8 miles north-northwest of
Lompoc, Santa Barbara County, Calif., is an Air Force Space Command
installation that conducts polar-orbiting space launches and
supports research and development tests and launch range operations
for the Department of Defense. Vandenberg AFB occupies
approximately 99,000 acres, including 15,000 feet of runway. It
consists of military family housing (MFH) units and industrial
facilities. Approximately 800 facilities exist at the installation,
not including MFH units.
Founded in 1886, American Water is the largest and most
geographically diverse publicly traded U.S. water and wastewater
utility company. With headquarters in Voorhees, N.J., the company
employs 6,800 dedicated professionals who provide regulated and
market-based drinking water, wastewater and other related services
to an estimated 15 million people in 47 states and Ontario, Canada.
More information can be found at www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150925005822/en/
American Water Works Company, Inc.Greg PanagosVice President,
Investor Relations856-566-4005gregory.panagos@amwater.comorMaureen
DuffyVice President,
Communications856-309-4546maureen.duffy@amwater.com
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