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News Release

Arbitration panel in India rules favourably on Aecon extension of time claim

Jul 13, 2008
Aecon Group Inc. announced today that the arbitration panel considering the first of two major claims launched by Aecon and its partner in respect of the Nathpa Jhakri hydroelectric project in India has ruled substantially in Aecon’s favour.

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Aecon recognized as having one of Canada’s 30 Best Pension and Benefits Plans

Jul 10, 2008
Aecon Group Inc. announced today that it has been recognized as having one of Canada’s 30 Best Pension and Benefits Plans.

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IST awarded contract totalling over $33 million

Jul 8, 2008
Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded a contract totalling over $33 million to supply its Once-Through Steam Generator (OTSG) units to Sherritt Power in Boca de Jarunco, Cuba.

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Aecon / Caspian joint venture awarded contract for new Winnipeg mail processing plant

Jul 3, 2008
Aecon Group Inc. announced today that a 50/50 joint venture consisting of Aecon Buildings and Caspian Projects Inc. of Winnipeg, Manitoba has secured a contract to design and build Canada Post’s new Winnipeg mail processing plant.

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IST awarded two contracts totalling $10 million

Jun 24, 2008
Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded two contracts totalling $10 million to supply its Once-Through Steam Generator (OTSG) units internationally.

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Aecon selected as highest ranking bidder for hospital expansion and renovation project

Jun 11, 2008
Aecon Group Inc. announced today that its Buildings Division has been selected by the Toronto Rehabilitation Institute (Toronto Rehab) and Infrastructure Ontario as the highest ranking bidder for the renovation and expansion of Toronto Rehab’s University Centre on University Avenue in Toronto.

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Aecon awarded $130 million contract to build new Quantum Nanotechnology Centre at University of Waterloo

Jun 9, 2008
Aecon Group Inc. announced today that its Buildings Division has been awarded a lump sum contract totaling approximately $130 million by the University of Waterloo to construct the Mike and Ophelia Lazaridis Quantum-Nano Centre on the University’s main campus in Waterloo, Ontario.

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Aecon announces opening of new facility in Pictou, Nova Scotia

May 23, 2008
Aecon Group Inc. today announced that its Aecon-Fabco division will be opening a new facility in Pictou, Nova Scotia on June 1, 2008.

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Aecon reports continued growth in first quarter

May 6, 2008
Aecon Group Inc. today reported sustained growth and continued strong results in the first quarter of 2008.

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Aecon awarded two new projects from Union Gas totaling $45 million

Apr 22, 2008
Aecon Group Inc. today announced that its Industrial division has been awarded two new contracts from Union Gas totaling approximately $45 million, for pipe fabrication and construction of two natural gas compressor stations.

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Aecon announces completion of equity financing

Apr 17, 2008
Aecon Group Inc. announced today that it has completed the previously announced issuance of common shares on a bought deal basis to a syndicate of underwriters led by...

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Aecon awarded Construction Management Contract for $17.5 Million Building Project for Saint Mary's University

Apr 15, 2008
Aecon Group Inc. announced that its Atlantic Buildings group has been awarded a construction management contract for a $17.5 million building project by Saint Mary's University in Halifax.

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Aecon and Scott Construction announce projects totaling over $300 million

Apr 2, 2008
Aecon Group Inc. today announced eight new projects, awarded over the past several months, to be delivered by Scott Construction Group of Vancouver, totaling $337 million.

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Aecon announces issuance of common shares

Mar 27, 2008
Aecon Group Inc. announced today that it has entered into an agreement to issue 4.0 million common shares on a bought deal basis to a syndicate of underwriters led by...

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Aecon awarded three-year utilities distribution contract totaling $150 million from Union Gas

Mar 10, 2008
Aecon Group Inc. (TSX: ARE) today announced that its Infrastructure Division has been awarded a three-year alliance contract renewal from Union Gas totaling approximately $150 million.

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Aecon reports record results for 2007

Mar 4, 2008
Aecon Group Inc. today reported record operating results for 2007 as margins, operating profit and net income all increased over those reported the previous year.

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Aecon secures fabrication contract for oilsands

Mar 3, 2008
Aecon Group Inc. announced today that its Industrial Central division has secured a fabrication contract valued at over $25 million for an oilsands project in Alberta.

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Aecon awarded three-year $120 million utilities contract from Bell Canada

Feb 19, 2008
Aecon Group Inc. today announced that its Infrastructure Division has been awarded a three-year contract totalling approximately $120 million by Bell Canada with an option to extend for an additional year.

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Aecon to redeem 8.25% Debentures due March 17, 2010

Feb 15, 2008
Aecon Group Inc. announced today that it intends to redeem, in accordance with their terms, all of its 8.25% subordinated convertible debentures due March 17, 2010 (the “2010 Debentures”).

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IST secures two contracts totaling $17 million

Dec 21, 2007
Aecon Group Inc. announced today that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded two contracts totaling $17 million to design and supply an emissions control system and four Once Through Steam Generator (OTSG) units.

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Aecon Completes Alarie Acquisition

Dec 20, 2007
Aecon Group Inc. today announced that it has completed the previously disclosed purchase of the assets of Leo Alarie and Sons Limited (“LAS”), one of the largest construction companies in northern Ontario.

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IST awarded $16 million contract in Bolivia

Dec 11, 2007
Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded a contract valued at $16 million to supply its...

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Aecon Industrial awarded $116 million cogeneration project

Nov 2, 2007
Aecon Group Inc. today announced that its Industrial Group has been awarded two contracts totaling $116 million by East Windsor Cogeneration LP.

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Aecon resumes dividends

Oct 29, 2007
Aecon Group Inc. today announced that its board of directors has approved a policy to commence semi-annual dividend payments in the amount of $0.07 per share ($0.14 annually) to holders of Aecon Common Shares.