VOORHEES, N.J.--(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 wastewater systems at Wright-Patterson Air Force Base in Ohio. According to the contract, the award revenue is estimated at approximately $490 million over a 50-year period. The contract will be subject to an annual economic price adjustment.
“American Water is extremely pleased to be awarded this contract, and we look forward to serving the military community at Wright-Patterson Air Force Base,” said Susan Story, president and CEO of American Water. “We will now be serving 13 installations across the country and are committed to providing our servicemen and women and their families with safe, clean and reliable water and wastewater services for the next five decades and beyond.”
American Water's Military Services Group provides water and wastewater services to military installations across the country as part of the federal government’s Utilities Privatization Program.
“We are honored to be chosen to partner with Wright-Patterson Air Force Base,” said Todd Duerr, president of the Military Services Group. “We appreciate the commitment of the Department of Defense to utility privatization to obtain long-term mission security and resiliency.”
“We are fully committed to providing military installations with industry-leading water and wastewater services. We also look forward to applying our company’s R&D efforts and technology innovation to the military’s critical efforts of reducing energy use and ensuring the highest standards of water quality,” Duerr added. “We strive to become an integrated support unit of the installation – the water and sewer department – and to offer solutions that best meet the needs of its mission.”
Wright-Patterson Air Force Base is located northeast of Dayton, Ohio, and encompasses parts of Greene and Montgomery counties. With over 27,000 employees, including military, civilian and contractors, Wright-Patterson is the largest single-site employer in the state of Ohio with an economic impact of $4.2 billion per year. The base covers more than 8,000 acres of land and provides operational support for more than 100 associate units located on the base. There are two runways, supporting an average of 47,000 aircraft operations every year.
America's Air Force aircraft of tomorrow are conceived, developed, and acquired on the base. Missions for base units vary from acquisition and logistics management, to research and development, advanced education, heavy airlift flight operations and intelligence, as well as other activities.
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.
Click here to subscribe to Mobile Alerts for American Water.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170928005770/en/
