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UGL Ltd (ASX:UGL) says it has been awarded $160 million worth of contracts in America for the delivery of facilities management and property services.
The engineering company says its clients include blue chip customers in the life sciences, transport and higher education sectors.
Among the contracts awarded, a five-year facilities management agreement with Toyota Motor Sales and a three-year agreement with Stanford University.
CEO Richard Leupen says improving conditions across UGL’s services business are supported by growth in corporate real estate and facilities management markets.
In the first six months of the 2011 financial year UGL posted a net profit of $64.9 million.
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