Supplier diversity is a valuable strategy for companies to address economic inequality and improve business performance [e9b40436]. Certified minority-owned businesses generate over $400 billion in annual revenue and economic output, leading to job creation and tax revenue [e9b40436]. Companies with diverse supplier bases show a 133% greater return on procurement investments [e9b40436]. Supplier diversity also attracts diverse and talented candidates, enhances market share, provides sourcing options with higher-quality products and lower costs, and fosters innovation [e9b40436]. Diverse suppliers have higher retention rates and more efficient business performance [e9b40436]. Many leading companies have committed to spending $1 billion annually with minority and women-owned suppliers [e9b40436]. Legal departments can play a role in advancing supplier diversity by setting measurable goals and including diversity requirements in requests for proposals [e9b40436]. AI has the potential to reshape supply chain planning in the future, but transparency and trust are crucial for its adoption [e9b40436].
AECOM emphasizes the importance of its global supply chain in its success as a company [61ff3d8c]. The company works with thousands of suppliers worldwide to ensure high-quality project delivery [61ff3d8c]. AECOM values ethical practices, sustainability, ESG, and health and safety in its suppliers [61ff3d8c]. Suppliers undergo due diligence to meet AECOM's compliance requirements before becoming approved [61ff3d8c]. AECOM recognizes the value of small and diverse suppliers in bringing innovation and expertise to support their customers and missions [61ff3d8c].
AECOM has been selected by NASA to provide environmental restoration and compliance services at facilities across the United States as part of the NASA Environmental Restoration and Compliance Contract (NERCC) [c7e5ec77]. Under the five-year contract, AECOM will support environmental restoration activities, including sampling, investigations, risk assessments, and remediation [c7e5ec77]. AECOM will also provide compliance and sustainability services, such as pollution prevention and hazardous materials management [c7e5ec77]. The company has over two decades of experience in PFAS (per- and polyfluoroalkyl substances) and will support NASA's PFAS-related investigation and remediation efforts [c7e5ec77]. AECOM's 9,000 environmental professionals will collaborate to provide innovative solutions for NASA's remediation projects [c7e5ec77]. AECOM's CEO, Frank Sweet, expressed pride in the company's partnership with NASA and its commitment to delivering a better world [c7e5ec77]. Karl Jensen, EVP of AECOM's National Governments business, highlighted the company's specialized experience and full suite of services that will enhance NASA's mission [c7e5ec77].
Jacobs Engineering Group Inc. has also been awarded a contract to provide environmental engineering and related services to NASA [499d5f8c]. The five-year contract, led by a joint venture that includes Jacobs, will focus on supporting safe and sustainable operations across various NASA centers and facilities [499d5f8c]. Jacobs will offer technical consultation, contamination detection, and sampling, along with human health and ecological risk assessments [499d5f8c]. The company will also evaluate remedial alternatives, implement remediation technologies, and manage the long-term treatment of environmental media [499d5f8c]. The initiative includes supporting NASA in Environmental Justice and National Environmental Policy Act evaluations, environmental permitting, and compliance activities [499d5f8c]. Jacobs has a history of providing environmental services to NASA and has been recognized for its expertise in environmental engineering and sustainability [499d5f8c]. The joint venture aims to deliver exceptional service and solutions to NASA's environmental challenges nationwide [499d5f8c].
Jacobs has also won two significant contracts with NASA and the UK Ministry of Defence (MOD) [ef75a1f2]. The first contract, in collaboration with Geosyntec, will provide sustainable solutions to NASA across various centers [ef75a1f2]. The second contract places Jacobs as a prime supplier for cyber defense to the UK MOD [ef75a1f2]. These contracts highlight Jacobs' technical expertise and promise growth opportunities [ef75a1f2]. Jacobs also reported a backlog of $29.6 billion, reflecting solid demand for its consulting services [ef75a1f2]. Jacobs' shares have gained 7.4% in the past three months [ef75a1f2].
The U.S. Naval Facilities Engineering Systems Command (NAVFAC) Europe Africa Central (EURAFCENT) has awarded a $25 million construction contract to five Djiboutian companies [7b842621]. The contract, part of the 'Africa First' initiative, will enhance infrastructure at Camp Lemonnier and other Department of Defense installations within Djibouti [7b842621]. The contract stipulates a five-year period of engagement with no extensions, ensuring a sustained influx of projects and financial investment in the local economy [7b842621]. The awarded companies include Prime Projects International, LLC, Cosmezz S.A.R.L., Mapi Construction S.A.R.L., SpendSmart Group, LLC, and Tremco, LLC [7b842621]. The contract was awarded under the 'Africa First' legislation enacted by the U.S. Congress, which gives the Department of Defense the ability to provide procurement preferences to qualifying local companies [7b842621].
Perma-Fix Environmental Services, Inc. has been selected by the U.S. Department of Energy (DOE) Office of Environmental Management (EM) to participate in a 10-year, small business set-aside, multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract [b17ca9bb]. The contract is for providing nationwide Deactivation, Decommissioning and Removal (DD&R) services for EM sites, the National Nuclear Security Administration (NNSA), Office of Naval Reactors (ONR), and the Office of Science (SC) [b17ca9bb]. The Perma-Fix team is one of fourteen small businesses selected and will be eligible to compete for firm fixed price and cost reimbursement task orders with a maximum ceiling of $2 billion over a 10-year period [b17ca9bb]. Mark Duff, President and CEO of Perma-Fix, expressed honor at being chosen and highlighted the company's reputation, technical capabilities, and track record in addressing environmental challenges [b17ca9bb]. Perma-Fix Environmental Services, Inc. is a nuclear services company that provides nuclear and mixed waste management services, including management and treatment of radioactive and mixed waste for hospitals, research labs, federal agencies, and the commercial nuclear industry [b17ca9bb]. The company operates four nuclear waste treatment facilities and provides nuclear services nationwide [b17ca9bb].
Perma-Fix Environmental Services, Inc. has been added as a member of the Russell 3000 Index, effective July 1, 2024 [b4049327]. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization [b4049327]. Membership in the Russell 3000 Index means Perma-Fix's automatic inclusion in the Russell 2000 Index as well as the appropriate growth and value style indexes [b4049327]. According to data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes [b4049327].