Rudd said that AECOM’s government clients are on strong financial ground, thanks to money from the $350 billion American Rescue Plan. In fact, he said, the company’s largest state and local government clients are funded at higher levels now than before the pandemic.
“That money is just getting distributed to state and local governments, so it will find its way into budgets,” he said. “We have an expectation that we’re going to be bidding that work, we will get awarded during the second half of this year, leading to an expectation of an inflection point in growth in fiscal 2022.”
