- Bowman Consulting Group (BWMN, Financial) secures a $1.3 million contract for ATEC Parkway development.
- Bowman manages over $500 million in infrastructure projects in The Aurora Highlands.
- The ATEC Parkway project positions Bowman for future contract opportunities in the expanding district.
Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, has been awarded a $1.3 million contract by the Aerotropolis Area Coordination Metropolitan District for the design and development of ATEC Parkway in The Aurora Highlands, Colorado. This initiative marks the District's first infrastructure project, creating a critical link between The Aurora Highlands and the ATEC development.
The project encompasses the design of a two-mile roadway, including comprehensive roadway plans, drainage studies, water utilities, and stormwater management plans. These elements highlight Bowman's multifaceted engineering expertise and capability to integrate various service lines for revenue synergies.
Currently, Bowman acts as the program manager and designer for over $500 million in infrastructure projects in The Aurora Highlands, the largest community development in the Denver metro area. With its involvement in ATEC Parkway, Bowman cements its position as a key player in future district expansions, opening avenues for additional contracts as the development progresses.
Gary Bowman, Chairman and CEO, highlighted the strategic importance of this contract. "Strategic acquisitions and prominent hires in the Denver market have positioned us for this win. Being awarded this consequential transportation and water resources project gives us the opportunity to further shape the future of The Aurora Highlands while expanding our portfolio and deepening our penetration of the Denver market," he stated.
For investors, this contract signifies Bowman's effective execution of its growth strategy in high-growth regions like Denver. While immediate financial returns may be incremental, the contract positions the company for substantial long-term revenue opportunities within the largest community development in the Denver metro area.
