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News Release

Aecon Buildings awarded contract for redevelopment of the Rouge Valley Health System

Sep 4, 2007
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.

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Aecon awarded $89 million contract for QEW widening and bridge reconstruction

Aug 14, 2007
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.

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Aecon reports record second quarter and first half earnings

Aug 7, 2007
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.

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IST signs cooperation agreement with Macchi of Italy

Jul 18, 2007
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.

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Aecon Recognized in US with Buildings Industry Awards

Jul 11, 2007
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.

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Aecon awarded contract from Bell Canada

Jul 3, 2007
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.

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Aecon's Karson Group Awarded $56 Million Contract for Construction on Highway 417

Jun 27, 2007
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).

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$210 million extension of the Cross Israel Highway reaches closing

Jun 26, 2007
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.

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IST secures $15 million contract in Hawaii

Jun 21, 2007
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.

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Aecon awarded second bridge contract on Calgary's Stoney Trail

Jun 14, 2007
Aecon Group Inc. announced today that it has been awarded a heavy civil contract on the ring road being constructed in Calgary.

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Aecon secures a large module contract for oilsands

May 30, 2007
Aecon Group Inc. announced today that its Industrial Western Canada division has secured a large module contract for an oilsands project in Alberta.

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Aecon announces approval of new credit facility

May 29, 2007
Aecon Group Inc. announced today that it has completed the due diligence process and obtained all required approvals for a new three-year credit facility that will replace a number of existing credit facilities.

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Two Aecon divisions join forces to secure $60 million in oilsands contracts

May 24, 2007
Aecon Group Inc. announced today that its Industrial Western Canada Division and its Civil and Utilities Division have secured two contracts totaling $60 million in the Alberta oilsands for key clients BA Energy and Kinder Morgan Canada Terminals.

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Aecon reports continued improvement in first quarter

May 14, 2007
Aecon Group Inc. today reported improved operating results for the first quarter of 2007 as revenues, margins, operating profit and net loss all improved over those reported a year earlier.

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Aecon awarded $49 million contract to widen 407 ETR

Mar 22, 2007
Aecon Group Inc. today announced that its Construction and Materials division has been awarded a $49.1 million contract to widen the median of Highway 407 northwest of Toronto between Highway 427 and Highway 401.

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Aecon reports significantly improved results for 2006

Mar 6, 2007
Aecon Group Inc. today reported significantly improved operating results for 2006 as margins, operating profit and net income all improved over those reported the previous year.

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IST secures two contracts in Spain totalling $35 million

Feb 8, 2007
Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded two contracts totalling $35 million to supply its Once-Through Steam Generator (OTSG) units to two clients in Spain.

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The Karson Group named one of Canada's 50 Best Managed Companies

Feb 7, 2007
Aecon Group Inc. is pleased to announce that The Karson Group is a winner of Canada's 50 Best Managed Companies.

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Aecon acquires The Karson Group

Feb 1, 2007
Aecon Group Inc. today announced that it has acquired The Karson Group, one of the largest aggregate, asphalt and civil construction companies in Eastern Ontario.

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Aecon Recognized as one of the 50 Best Employers in Canada

Jan 8, 2007
Aecon Group Inc. announced today that it has been recognized as one of the 50 Best Employers in Canada.

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Aecon announces closing of previously announced secondary offering

Nov 30, 2006
Aecon Group Inc. today announced completion of the previously disclosed transaction whereby Hochtief AG sold all of its shares in Aecon to a syndicate of underwriters.

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Aecon announces filing of preliminary prospectus for previously announced secondary offering

Nov 17, 2006
Aecon Group Inc. announced today that it has filed a preliminary short form prospectus in respect of a proposed secondary public offering of common shares.

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Aecon's Vice President of Safety and Insurance Chosen to Join WSIB Board

Nov 15, 2006
Aecon Group Inc. announced today that Mike Archambault, Aecon's Vice President of Safety and Insurance has been chosen by the Ontario government to join the Workplace Safety and Insurance Board (WSIB) Board of Directors.

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Aecon Announces secondary offering via “bought deal”

Nov 13, 2006
Aecon Group Inc. announced today that it has entered into an agreement with Hochtief AG and certain of its subsidiaries that hold common shares of Aecon...