- American Water Works Company Inc’s (NYSE:AWK) Military 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.
Gartner: Q2 Earnings Insights
Gartner (NYSE:IT) reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Gartner beat estimated earnings by 33.8%, reporting an EPS of $2.85 versus an estimate of $2.13.
