NV5 To Provide Services For Geospatial Contract Valued Up To $850M - NV5 Global (NASDAQ:NVEE)

NV5 Global Inc NVEE has been selected by U.S. Geological Survey (USGS) for a multiple-award indefinite-delivery contract with a ceiling of $850 million for Geospatial Product and Services Contract (GPSC4).
The GPSC4 contract has a maximum duration of five years and is the successor to GPSC3. NV5 was awarded $135 million in revenue on the GPSC3 contract over five years.
Services provided under the GPSC4 contract support various government entities that partner with the USGS for their geospatial data requirements.
Under the contract, NV5 will provide advanced geospatial data acquisition, processing, and analytics using technologies such as topographic lidar, riverine and coastal topo-bathymetric lidar, multispectral imagery, geophysical surveying, and elevation-derived hydrography.
Price Action: NVEE shares traded lower by 1.28% at $99.44 on the last check Tuesday.