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MarketScreener Homepage  >  Equities  >  Nyse  >  AECOM    ACM

AECOM

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AECOM : Turner - AECOM Hunt Joint Venture celebrates the opening of SoFi Stadium, largest in the NFL

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09/18/2020 | 10:49am EDT

Turner - AECOM Hunt, the joint venture of Turner Construction Company and AECOM Hunt, part of AECOM, celebrate the opening of SoFi Stadium, the new home of the Los Angeles Rams and Los Angeles Chargers, in Inglewood, California.

The 3.1 million-square-foot facility, which is the first football stadium erected in Los Angeles in nearly a century, can host approximately 70,000 fans and is expandable to accommodate up to 100,000 people for special events.

After breaking ground on the state-of-the-art stadium in November 2016, the joint venture has overseen a team that encompassed approximately 3,000 workers daily at peak, with more than 17,000 people in total contributing to make the NFL's largest stadium a reality. This included excavating more than seven million cubic yards of dirt to build the field level 100 feet below grade.

'It has been a pleasure to partner with all of the contractors on this landmark project,' said Richard Bach, Turner Senior Vice President. 'I am incredibly proud and sincerely thank all of the workers and everyone who played a part in the stadium's development. Their hard work has paid off.'

Bach continued, 'The success of this project is due to the visionary leadership of Stan Kroenke. His passion for design, experience in construction and his praise and support for our workforce is what got us here. I appreciate the trust placed in us as we collaborated to realize his incredible vision. It was great to see the Los Angeles Rams win their home opener after all of the planning and work to make this stadium a reality.'

'We are thrilled that the world will be finally able to experience this state-of-the-art stadium,' said Jay Badame, president of AECOM's Construction Management business. 'We're proud to have been part of bringing SoFi Stadium to life and to setting the new standard in stadium construction with our partners at Turner, and the thousands of passionate, hardworking, and skilled workers who built this newest icon for Los Angeles.'

A key element of SoFi Stadium is its integration of the latest technology, ensuring a truly unique fan experience. The centerpiece of the facility is a double-sided video board that sits 120 feet above the field and contains panels as tall as forty feet. The video board is the largest in the league, longer than the playing field, and weighs approximately 2.2 million pounds.

A signature feature of the stadium is the opened-ended, semi-translucent, one million-square-foot roof, which helps define the facility as the only open-air, indoor-outdoor facility in the NFL. The design of the roof enables the sun to shine inside the stadium and breezes to be felt from the ocean five miles away. The roof structure is the biggest of its kind and is comprised of 35,000 unique panels, contains 17 miles of cable, and weighs 500 million pounds.

The stadium is slated to host a variety of events including Super Bowl LVI in 2022, the College Football Championship Game in 2023, and the Opening and Closing Ceremonies of the Olympic Games in 2028.

Contact:

Tel: +91-22-71300671

(C) 2020 Electronic News Publishing, source ENP Newswire


Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A. 0.83% 20.69 Delayed Quote.-42.61%
AECOM 2.43% 43.84 Delayed Quote.1.65%
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Financials (USD)
Sales 2020 13 103 M - -
Net income 2020 53,4 M - -
Net Debt 2020 - - -
P/E ratio 2020 128x
Yield 2020 -
Capitalization 6 865 M 6 865 M -
Capi. / Sales 2020 0,52x
Capi. / Sales 2021 0,52x
Nbr of Employees 86 000
Free-Float 95,2%
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Number of Analysts 9
Average target price 48,33 $
Last Close Price 42,80 $
Spread / Highest target 30,8%
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W. Troy Rudd Chief Executive Officer & Director
Lara Poloni President
Douglas W. Stotlar Chairman
Gaurav Kapoor Chief Financial Officer
Daniel R. Tishman Vice Chairman
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