# Who are American Water Works's customers? Who does American Water Works earn revenue from?
Canonical: https://valuechain.wiki/american-water-works · Facet: customers · Updated: 2026-09-24T03:46:35.083003+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: American Water Works discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-09-24).

### 미국 육군 (high)
- metric: Contract value $591M · 50-year contract · Estimated revenue from the contract to own, operate and maintain the Fort Leonard Wood water and wastewater systems
- note: The Military Services Group performs a 50-year contract to own, operate and maintain the water and wastewater systems at Fort Leonard Wood. It served 12 Army installations as of the May 2025 investor presentation.
- [confirms] U.S. Securities and Exchange Commission (EN, filing, published 2026-02-18) https://www.sec.gov/Archives/edgar/data/1410636/000141063626000034/awk-20251231.htm: "MSG operates on 18 military installations under 50-year contracts with the U.S. government."
- [confirms] American Water (EN, ir, published 2025-05-19) https://s26.q4cdn.com/750150140/files/doc_presentations/2025/May/19/May-2025-Investor-Presentation.pdf: "Military Services Group serves 18 military installations, including 12 Army installations."
- [confirms] American Water (EN, ir, published 2018-10-01) https://www.amwater.com/press-room/press-releases/corporate/american-water-awarded-fort-leonard-wood-water-and-wastewater-treatment: "The award revenue is estimated at $591 million over a 50-year period."

### 미국 공군 (high)
- metric: Contract value $490M · 50-year contract · Estimated revenue from the contract to own, operate and maintain the Wright-Patterson Air Force Base water and wastewater systems
- note: The Military Services Group performs a 50-year contract to own, operate and maintain the water and wastewater systems at Wright-Patterson Air Force Base. It served five Air Force installations as of the May 2025 investor presentation.
- [confirms] U.S. Securities and Exchange Commission (EN, filing, published 2026-02-18) https://www.sec.gov/Archives/edgar/data/1410636/000141063626000034/awk-20251231.htm: "MSG operates on 18 military installations under 50-year contracts with the U.S. government."
- [mentions] Lark Research (EN, research, published 2025-07-31) https://larkresearch.com/american-water-works-awk-25q2-update/: "Military and contract services revenues rose 6.5%."
- [confirms] American Water (EN, ir, published 2025-05-19) https://s26.q4cdn.com/750150140/files/doc_presentations/2025/May/19/May-2025-Investor-Presentation.pdf: "Military Services Group serves 18 military installations, including five Air Force installations."
- [confirms] American Water (EN, ir, published 2017-09-28) https://amwater.com/press-room/press-releases/corporate/american-water-awarded-new-contract-wright-patterson-air-force-base-ohio: "The award revenue is estimated at approximately $490 million over a 50-year period."

### BlackRock (high)  → /blackrock.md
- metric: Market share 10.1 percent · ownership reported for 2024-12-31 · BlackRock's beneficial ownership as a percentage of American Water shares outstanding
- note: American Water's 2026 proxy statement reports that BlackRock beneficially owned 19,762,045 common shares as of year-end 2024. The holding represented 10.1% of shares outstanding at the proxy's measurement date.
- [confirms] U.S. Securities and Exchange Commission (EN, filing, published 2026-03-24) https://www.sec.gov/Archives/edgar/data/1410636/000119312526120668/d21438ddef14a.htm: "BlackRock beneficially owned 19,762,045 shares, representing 10.1% of shares outstanding."

Reverse side: https://valuechain.wiki/american-water-works/suppliers.md · Ripple: https://valuechain.wiki/american-water-works/ripple.md

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Full node: https://valuechain.wiki/american-water-works.md · JSON: https://valuechain.wiki/american-water-works.json