World's Biggest Engineering Firm Plans to Spend Billions to Become Biggest in Infrastructure
- Firm has $3.5 billion in free cash flow to spend in five years
- Border wall, Trump infrastructure plans are in sights
AECOM Chairman and CEO Michael Burke discusses President Trump’s call for $1 trillion in infrastructure spending, trade deals and Commerce Secretary Wilbur Ross’ stress on private sector investment into infrastructure. He speaks on 'Bloomberg Markets: European Close.” (Source: Bloomberg)
AECOM, the world’s biggest engineering firm, plans to spend billions of dollars on acquisitions amid expectations for growing U.S. funding of road, rail, water and energy projects, Chief Executive Officer Michael Burke said.
“We’ll look to be the largest infrastructure firm in the world -- both construction and design,” Burke said Monday in an interview at Bloomberg’s Los Angeles bureau. “I’ve got to spend $3.5 billion, and we think it’ll be spent on good, solid strategic acquisitions. We will grow organically also.”