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American Water wins $329M army contract

American Water Works Co. Inc., of Voorhees, today said it won a 50-year, $329 million contract to own and operate the water and wastewater system at Fort Hood Army Installation in Texas.

American Water Works Co. Inc., of Voorhees, today said it won a 50-year, $329 million contract to own and operate the water and wastewater system at Fort Hood Army Installation in Texas.

American Water, an investor-owned utility, already operates and maintains water or wastewater networks at Fort A.P. Hill, Va., Fort Bragg, N.C., Fort Sill, Okla., Fort Leavenworth, Kan., Scott Air Force Base, Ill., and Fort Rucker, Ala.

Fort Hood serves a population of 218,000.

American Water shares on the New York Stock Exchange were down 15 cents, to $20.93 in morning trading.