ENGlobal Secures $4.4M Fuel Handling Contract From Defense Logistics Agency

January 6, 2022 1:24 PM | 1 min read | Make a Comment

ENGlobal Corp ENG subsidiary, ENGlobal Government Services, Inc. (EGS), has secured a $4.4 million contract extension from the Defense Logistics Agency to provide Automated Fuel Handling Equipment (AFHE) support at an undisclosed DLA facility.
The contract extension consists of eleven monthly release orders valued at ~$0.40 million each.
The DLA has issued release orders through April 2022 for a current total of ~$1.6 million.
EGS' work on the assignments typically includes technology upgrades and refreshes of existing AFHE systems at multiple U.S. military bases worldwide.
Price Action: ENG shares are trading lower by 3.13% at $1.24 on the last check Thursday.

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