Black & Veatch anticipates billions of dollars of new business over the next decade in sectors where it’s already a market leader: energy, water and telecommunications infrastructure.
In fact, Steve Edwards, the new chairman, president and chief executive of the Overland Park, Kan.-based engineering firm, says he expects the company to double its total revenues, to $7 billion, by 2020. And he predicts the company’s global workforce will spike by about 70 percent, to 17,000. About 1,200 of the new jobs would be in the Kansas City area.
Diversification — both in terms of geography the company covers and the sectors it targets with its technology — will be key to realizing those projections, Edwards says. He’s particularly bullish on Black & Veatch’s PRICO technology, which converts natural gas into a more easily transportable liquefied form, and is already making big gains in the marketplace.