NASDAQ:TREE 14 October 2025

March 20, 2026, 12:59 PM EDT. AECOM (ACM) has been awarded a spot in the U.S. Missile Defense Agency's SHIELD program, a $151 billion indefinite-delivery contract aimed at advancing homeland defense systems. The deal aligns with AECOM's expertise in defense infrastructure modernization. Shares rose 0.2% following the announcement. The company reported a record $25.96 billion backlog, an 8.7% increase, underpinning strong demand. Adjusted operating margin hit 16.4%, with EPS of $1.29 surpassing estimates. Despite a 32.1% stock drop over six months amid economic headwinds and a federal shutdown, AECOM's growth strategy focuses on high-margin advisory services and capitalizing on a $3.7 trillion U.S. infrastructure investment gap. Management raised full-year guidance, targeting 20% margins by fiscal 2028. AECOM holds a Zacks Rank #2 (Buy), bolstered by robust infrastructure and digital trends.