MARLTON, N.J. and PHOENIX, July 10, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its joint venture with Abadjis Systems, Ltd. (ASL) has been awarded a contract by the City of Phoenix to provide aviation capital program management staff support services in connection with the Capital Improvement Program at Phoenix Sky Harbor International Airport. The contract, which has a one-year base term and four one-year options, has a value to the joint venture of approximately $36.0 million if all option terms are exercised. Hill and ASL are equal partners in the joint venture.
The Capital Improvement Program is comprised of a five-year development program that includes the $500 million Terminal Modernization Program and PHX Sky Train Stage 1A, as well as other terminal, airfield, parking, cargo, general office and facilities projects. The program management services to be provided by the Hill/ASL joint venture will augment airport staff to form a collaborative and integrated program management team. In addition to program management, the joint venture will provide estimating, scheduling and other project management related services as required.
"We look forward to supporting our long-term client the City of Phoenix with their Sky Harbor Capital Improvement Program," said Michael B. Smith, Hill's Senior Vice President and Western Regional Manager.Abadjis Systems, founded in 1991, provides state-of-the-art program management services. ASL's core business is the management of complex programs in the aviation industry. For more information on ASL, please visit their website at www.abadjis.net . Hill International, with 3,900 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 9th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com . The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733 Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.