ARCADIS (ARCAY.PK) announced that it has received two major Guaranteed Remediation Program or GRiP contracts for environmental remediation from Atlantic Richfield Company, a BP affiliate, and the US Army for $170 million.
The company said that the contract with Atlantic Richfield Company involves environmental remediation and site closure for a portfolio of contaminated sites. ARCADIS said that it will provide GRiP approach to assure that each site in the portfolio will meet the environmental cleanup standards set by the regulators.
In addition, the US Army Environmental Command has recently awarded ARCADIS a GRiP contract involving three projects at Fort Meade, Maryland and the associated Phoenix Military Installation. The work will include site investigation, evaluation of remedial alternatives and remediation of contaminated sites.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.