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American Water Secures Its First Navy Contract

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  • American Water Works Company Inc's (NYSE: AWKMilitary 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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