American States Water Company (AWR: NYSE) has been awarded a 50-year contract by the U.S. government to provide water distribution and wastewater collection services at Naval Air Station Patuxent River in Maryland.
American States Water Company (AWR: NYSE) has been awarded a 50-year contract by the U.S. government to provide water distribution and wastewater collection services at Naval Air Station Patuxent River in Maryland. The initial value of the contract is estimated at approximately $349 million, with the potential for additional revenue through contract modifications. The contract includes a 6-month transition period to ensure seamless operations and asset inventory.
Robert J. Sprowls, President and CEO of American States Water Company, expressed his excitement for the new contract: “We are honored to serve the men and women of the U.S. military and look forward to continuing to compete for new contracts in the future.”
Naval Air Station Patuxent River is located in St. Mary’s County, Maryland, on the Chesapeake Bay near the Patuxent River. The base is home to the Naval Air Systems Command, the U.S. Naval Test Wing Atlantic, the Commander, Fleet Readiness Centers, the Naval Air Station Port Operations, and the United States Coast Guard Station St. Inigoes. The base is responsible for the ship/shore/air excellence integration supporting the Navy’s principal flight and ground test activities.
