Key Developments: Aecon Group Inc (ARE.TO)

ARE.TO on Toronto Stock Exchange

13.55CAD
4 May 2015
Change (% chg)

-- (--)
Prev Close
$13.55
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
350,018
52-wk High
$18.72
52-wk Low
$9.51

Search Stocks

Latest Key Developments (Source: Significant Developments)

Aecon Group Inc awarded $109 million contract by North West Redwater Partnership
Friday, 1 May 2015 07:00am EDT 

Aecon Group Inc:Announced that it has been awarded a $109 million contract by North West Redwater Partnership (NWR) for additional work related to their Sturgeon Refinery Project in Alberta.Under the contract, Aecon's Energy segment will perform site erection work at the NWR Sturgeon Refinery including structural preassembly of modules, modular to modular interconnects, as well as installation of mechanical equipment and instrumentation.Work is expected to start in the second quarter of 2015 and expected to be complete in the third quarter of 2016.  Full Article

Aecon Group Inc awarded $110 mln in mining contracts
Friday, 17 Apr 2015 07:00am EDT 

Aecon Group Inc:Has been awarded two contracts valued at about $110 mln for work in Aecon's Mining segment.Has been awarded contract by K+S Potash Canada for additional work on their Legacy mining project in Saskatchewan.Scope of work awarded includes installation of process mechanical equipment, piping, electrical and instrumentation systems for the storage load-out building.Work will begin in Q2 of 2015 and is expected to be complete in the second quarter of 2016.This new contract is in addition to work previously awarded to Aecon by K+S Potash Canada for mechanical, piping, electrical and instrumentation systems for the North Tank Farm and for Evaporator, Crystallization and Clarifier Plant portion of the Legacy project.Under terms of second contract, Aecon will perform general site services at Vale Newfoundland & Labrador Limited's Long Harbour processing plant.Work commenced in Q1 of 2015 and is expected to be complete in Q1 of 2016.  Full Article

Aecon Group Inc secures contract
Tuesday, 14 Apr 2015 07:00am EDT 

Aecon Group Inc:Has been awarded contracts by five key clients for work in Aecon's Energy segment in Ontario.Says value of work is about $93 mln in hard backlog and about $85 mln in annual recurring revenue.Under first agreement, Enbridge Gas Distribution awarded Aecon significant pipeline facilities project for work at 11 Enbridge sites, valued at about $40 mln.Work has begun and is expected to be complete in Q3 of 2015.Under terms of second contract, valued at $53 mln, Aecon's scope of work includes construction of new compressor station at Union Gas' Lobo Facility located northwest of London, Ontario.Work is expected to start in Q2 of 2015 and is scheduled to be complete by Q4 of 2016.  Full Article

Aecon Group Inc announces sale of Innovative Steam Technologies
Monday, 13 Apr 2015 07:00am EDT 

Aecon Group Inc:Completes sale of it's wholly-owned subsidiary Innovative Steam Technologies (IST) to Fulcrum Capital Partners.Says gross cash proceeds of sale will be about $35 mln.  Full Article

Aecon Group Inc increases dividend
Wednesday, 4 Mar 2015 05:43pm EST 

Aecon Group Inc:Says that annual dividend will be paid to all shareholders of Aecon Common shares and will increase to $0.40 per share (from $0.36 per share) to be paid in four quarterly payments of $0.10 per share (from $0.09 per share).First increased quarterly payment will be paid on April 1, to shareholders of record on March 20.  Full Article

Aecon Group Inc secures about $275 mln in mining and energy contracts
Tuesday, 21 Oct 2014 05:05pm EDT 

Aecon Group Inc:Says that it has been awarded about $275 mln in mining and energy contracts for K+S Potash Canada for work on their Legacy mining project in Saskatchewan, and for North West Redwater (NWR) Partnership for work on the NWR Sturgeon Refinery project in Alberta.K+S mining contract for about $200 mln involves mechanical, piping, electrical and instrumentation work for the North Tank Farm and Evaporator, Crystallization and Clarifier Plant portion of the project.Work is scheduled to begin in Dec. 2014 with expected completion in the second half of 2016.  Full Article

Aecon Group Inc identifies Infrastructure award as $156 mln MTO project for Highway 410
Tuesday, 9 Sep 2014 11:04am EDT 

Aecon Group Inc:Announces that it has been awarded a $156 million contract by the Ontario Ministry of Transportation (MTO) to widen Highway 410 in Peel Region.Project will begin in the third quarter of 2014 and is expected to be complete by the fourth quarter of 2018.  Full Article

Aecon Group Inc gives FY 2015 revenue guidance in line with analysts' estimates - Conference Call
Tuesday, 12 Aug 2014 10:00am EDT 

Aecon Group Inc:Says company always talked about margins target in FY 2015 being based around the top line in and around C$3 billion give or take.Says still looking in around C$3 billion for FY 2015.FY 2015 revenue of C$3.1 billion - Thomson Reuters I/B/E/S.  Full Article

Aecon Group Inc awarded mining project for Fort Hills oil sands project
Monday, 23 Jun 2014 07:00am EDT 

Aecon Group Inc:Says it has been awarded mining contract with aestimated value of $123 mln by Fort Hills Energy L.P. for mining site development at the Fort Hills oil sands project in Alberta.  Full Article

Aecon Group Inc announces management change
Wednesday, 11 Jun 2014 03:00pm EDT 

Aecon Group Inc:Says Teri McKibbon was appointed as the company's President and Chief Executive Officer and John M. Beck assumed the role of Executive Chairman.  Full Article

Search Stocks