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NV5 To Provide Services For Geospatial Contract Valued Up To $850M

  • NV5 Global Inc (NASDAQ: NVEEhas been selected by US 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.

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