VOORHEES, N.J., Oct 01, 2009 (BUSINESS WIRE) -- American Water (NYSE: AWK), the largest investor-owned U.S. water and wastewater utility company, announced today that its Military Services Group has been awarded contracts for operation and maintenance of the water and the wastewater systems at Fort Belvoir, Virginia and Fort Meade, Maryland. According to the agreements, the awards are estimated at approximately $288 million over a 50-year period for Fort Belvoir and $650 million over a 50-year period for Fort Meade. Both are subject to price re-determination.
"American Water is extremely pleased to be awarded both contracts and we look forward to serving the military communities at Fort Belvoir and Fort Meade," said Don Correll, president and CEO of American Water, "We will now be serving ten installations across the country and are committed to providing our soldiers 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 Contract Operations Group, also operates and maintains the water and/or wastewater assets at Fort A.P. Hill, Va., Fort Bragg, N.C., Fort Sill, Okla., Fort Leavenworth, Kan., Scott Air Force Base, Ill., Fort Rucker, Ala., Fort Hood, Texas and Fort Polk, La.
"Our Military Services Group's growing portfolio clearly demonstrates our commitment to providing military bases with solutions to best manage their systems and provide reliable water and wastewater services," said Jimmy Sheridan, vice president of the Military Services Group.
Fort Belvoir currently supports approximately 22,000 Soldiers, Sailors, Airmen, Marines and Department of Defense civilians. Fort Belvoir is also home to more than 100 Army, Department of Defense and federal agencies, including three major Army command headquarters.
Fort Meade has approximately 39,000 members, composed of military, civilian and contractor personnel. It is the fourth largest workforce of Army installations in the continental United States.
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 Utility Privatization Program.
Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. Headquartered in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 32 states and Ontario, Canada. More information can be found by visiting www.amwater.com.
SOURCE: American Water
Maureen Duffy, 856-309-4546
Copyright Business Wire 2009