Fpm-Aecom JV1

Fpm-Aecom JV1, a joint venture between FPM Remediations, Inc. and AECOM Technical Services, Inc., provides environmental remediation, site investigation, and architect-engineer services to the Department of Defense, Department of Energy, and Army Corps of Engineers as a prime contractor exclusively, operating as an SBA 8(a) certified joint venture and small disadvantaged business owned by Olgoonik Development, LLC, an Alaskan Native Corporation. The joint venture is headquartered in Oneida, New York and competes across the spectrum — roughly half its recent awards carry 8(a) set-aside or competitive 8(a) designations, with the remainder issued full-and-open, reflecting a posture of competing for both reserved and unrestricted environmental work.

Fpm-Aecom JV1's capability portfolio centers on federal site remediation, PFAS and hazardous waste investigation, CERCLA remedial investigations and response actions, wetland restoration, groundwater treatment, and environmental compliance monitoring at military installations, formerly used defense sites, and Department of Energy field locations. Representative prime work includes a $29.4 million firm-fixed-price contract from the Air Force Civil Engineer Center for a pump-and-treat system addressing PFAS contamination at former Reese Air Force Base in Lubbock, Texas (awarded September 2023, completion September 2026); a $25.8 million 8(a) sole-source definitive contract from the Army Corps of Engineers Sacramento District for waste excavation, transportation, and disposal at Utah Test and Training Range, Hill Air Force Base (awarded December 2021, completion June 2026); a $6.7 million cost-plus-fixed-fee contract from the Air Force Civil Engineer Center for CERCLA remedial investigation and response actions at former Bergstrom Air Force Base in Austin, Texas (awarded September 2024, completion September 2027); and a $1.67 million firm-fixed-price delivery order from the Army Corps of Engineers Louisville District for remedial action at Lockbourne Air Operations Center in Ohio (awarded September 2025, completion May 2029).

Customer concentration sits heavily with the Department of Defense and Army Corps of Engineers. The top five customers by potential value account for 72 percent of the combined potential-value footprint: the Army Installation Management Command (2 awards, $464 million in combined potential value, driven by the Environmental Remediation MAIDIQ vehicle); the Army Corps of Engineers Baltimore District (7 awards, $209.2 million); the Corps' Tulsa District (1 award, $150 million); the Department of Energy Office of Environmental Management (2 awards, $129.2 million); and the Corps' Seattle District (4 awards, $116 million). By award count, the Baltimore District dominates with seven awards, followed by the Louisville and Seattle Districts and the Air Force Civil Engineer Center, each with four to five awards. The concentration signal differs across rankings — the top two customers by value ($464 million and $209.2 million) anchor most dollars, while smaller awards cluster around the Louisville and Seattle Districts, reflecting a mix of large indefinite delivery vehicles and smaller task order execution.

Fpm-Aecom JV1 holds a substantial parent-vehicle footprint spanning multiple Army Corps of Engineers regional environmental remediation contracts. The vendor sits on the $464 million Environmental Remediation MAIDIQ (small business set-aside) issued by Army Headquarters, with a $5,000 task order obligated; the $200 million A/E services contract for hazardous, toxic, and radioactive waste support at the Baltimore District (6 task orders obligated, $9.2 million combined potential value); the $150 million Environmental Services contract at the Tulsa District with one task order; the $120 million Department of Energy Technical Assistance for EM Field Sites IDIQ (Competitive 8(a) set-aside, 1 task order obligated); the $115 million Northwestern Division Regional 8(a) MATOC for Environmental Remediation Services at the Seattle District (3 task orders, $1 million combined potential value); the $95 million Environmental Restoration Services contract at the Louisville District (5 task orders, $4.1 million); the $75 million MEGA FUDS Military Munitions Response Program contract at the Los Angeles District; the $50 million Environmental Remediation Services MATOC at the Albuquerque District; the $49 million Naval Facilities Engineering Command Southeast Environmental Multiple Award Contract (Total Small Business set-aside, 1 task order, $1,000 minimum guarantee); and nine regional or district-level multiple-award contracts valued between $9.9 million and $30 million. The vendor operates as a prime on 100 percent of its recent awards — no sub-award activity in the source.

Activity has plateaued and faced recompete exposure. The vendor recorded seven awards in 2022, thirteen in 2023, twelve in 2024, eight in 2025, and one in the first quarter of 2026, indicating growth through 2023 followed by a downward trend. Sixteen awards (combined potential value $56.1 million) reach ultimate completion within the next twenty-four months, creating immediate recompete risk across Corps district contracts, the Air Force Civil Engineer Center CERCLA programs, and the Department of Energy technical assistance vehicle. The combined potential value across the 45 recent prime awards stands at $1.48 billion, with only $110.6 million (7 percent) obligated to date — a characteristic posture for indefinite delivery vehicles and minimum-guarantee delivery orders.

On federal service contracts captured in the Service Contract Inventory, Fpm-Aecom JV1 reported $1.2 million in invoiced revenue in FY2023 (5.6 FTEs at the contract level) and $1.9 million in FY2024 (9.1 FTEs at the contract level). Government-paid hourly rates on these prime contracts cluster tightly around $100.69 per hour (median), with a range from $100.55/hr at the tenth percentile to $100.83/hr at the ninety percent mark, reflecting a commodity-rate posture on time-and-materials environmental technical assistance work. Across SCI-reported prime contracts, subcontractors performed 13 percent of total contractor hours on average, with two named subs reported — indicating the joint venture builds delivery internally rather than relying heavily on subcontractor hours. The SCI dataset covers only service contracts above the $150,000 threshold and excludes the vendor's substantial definitive-contract and delivery-order work in remediation and engineering services, so these figures represent a narrow slice of Fpm-Aecom JV1's actual federal services footprint.

Environmental Remediation Services, INVESTIGATION/CLEANUP/MANAGEMENT,

IRP, MMRP, BRAC, PFAS, PFOA/PFOS, UXO, RADIOACTIVE WASTE, CERCLA, RCRA, TSCA