News

Aecon Group Inc. (TSX: ARE) today announced that its Infrastructure Division has been awarded a three-year alliance contract renewal from Union Gas totaling approximately $150 million.

Aecon Group Inc. today reported record operating results for 2007 as margins, operating profit and net income all increased over those reported the previous year.

Aecon Group Inc. announced today that its Industrial Central division has secured a fabrication contract valued at over $25 million for an oilsands project in Alberta.

Aecon Group Inc. today announced that its Infrastructure Division has been awarded a three-year contract totalling approximately $120 million by Bell Canada with an option to extend for an additional year.

Aecon Group Inc. announced today that it intends to redeem, in accordance with their terms, all of its 8.25% subordinated convertible debentures due March 17, 2010 (the “2010 Debentures”).

Aecon Group Inc. announced today that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded two contracts totaling $17 million to design and supply an emissions control system and four Once Through Steam Generator (OTSG) units.

Aecon Group Inc. today announced that it has completed the previously disclosed purchase of the assets of Leo Alarie and Sons Limited (“LAS”), one of the largest construction companies in northern Ontario.

Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded a contract valued at $16 million to supply its...

Aecon Group Inc. today announced that its Industrial Group has been awarded two contracts totaling $116 million by East Windsor Cogeneration LP.

Aecon Group Inc. today announced that its board of directors has approved a policy to commence semi-annual dividend payments in the amount of $0.07 per share ($0.14 annually) to holders of Aecon Common Shares.

Aecon Group Inc. announced today that its Buildings Division has reached financial close of the $63.9 million Phase I Rouge Valley Health System project and is set to start construction immediately.

Aecon Group Inc. announced today that it intends to redeem, in accordance with their terms, all of its 8.25% subordinated convertible debentures due November 2, 2009 (the “2009 Debentures”).

Aecon Group Inc. announced today that its Buildings Division has secured a contract with an estimated value of $100 million from the Toronto Economic Development Corporation (TEDCO) to build TEDCO’s Corus Entertainment office building and broadcast centre located on Toronto’s waterfront.

Aecon Group Inc. announced today that its Buildings Division has been selected by the Rouge Valley Health System and Infrastructure Ontario as the preferred bidder, and has completed commercial close, for the Phase 1 redevelopment of the Rouge Valley Health System in Ajax.

Aecon Group Inc. announced today that it has been awarded an $88.7 million contract by the Ontario Ministry of Transportation (MTO) for work on the Queen Elizabeth Way (QEW) in Oakville between Burloak Drive and Third Line. It is the second largest contract MTO has ever awarded, and the largest MTO contract Aecon has received.

Aecon Group Inc. today reported improved operating results for the second quarter of 2007 as revenues, margins, operating profit and net income all improved over those reported a year earlier.

Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has formed a cooperation agreement with Macchi, a division of Sofinter S.p.a., to offer the combined services of both companies to the North American, European and Middle Eastern markets.

Aecon Group Inc. today announced that its Seattle-based US Buildings division has been recognized by the Washington State Chapter of the Associated General Contractors of America (AGC) with a number of awards of excellence.

Aecon Group Inc. announced today that its Buildings Division has been awarded the construction management contract for a new five-story corporate office building for Bell at its existing Creekbank campus in Mississauga.

Aecon Group Inc. announced today that The Karson Group has been awarded a $56 million contract for work on Highway 417 in Ottawa, from the Ontario Ministry of Transportation (MTO).

Aecon Group Inc. today announced that Derech Eretz Highways Ltd. (DEC), the company owning concession rights for the Cross Israel Highway, has achieved financial close on an 18km northern extension of the highway.

Aecon Group Inc. announced today that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded a contract to supply two Once-Through Steam Generator (OTSG) units in Kailua-Kona, Hawaii. The contract is valued at approximately $15 million CAD.

Aecon Group Inc. announced today that it has been awarded a heavy civil contract on the ring road being constructed in Calgary.

Aecon Group Inc. announced today that its Industrial Western Canada division has secured a large module contract for an oilsands project in Alberta.