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An announcement from Aecon Group Inc. ( (TSE:ARE) ) is now available.
Aecon Group Inc. announced that its consortium has reached a commercial close on a target price transit project, marking the completion of the collaborative development phase. This contract, valued at over $2.8 billion, will significantly boost Aecon’s Construction segment backlog in early 2025, enhancing its market position in the urban transportation sector.
More about Aecon Group Inc.
Aecon Group Inc. is a North American construction and infrastructure development company with global experience, offering integrated solutions across sectors such as Civil, Urban Transportation, Nuclear, Utility, and Industrial through its Construction segment. The company also provides project development, financing, investment, management, and operations and maintenance services via its Concessions segment.
YTD Price Performance: -5.47%
Average Trading Volume: 349,478
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.7B
Learn more about ARE stock on TipRanks’ Stock Analysis page.
