- A provider of innovative project delivery solutions, ENG ( NASDAQ: ENG ) announced that its wholly owned subsidiary, ENGlobal Government Services has been designated as one of three prime contractors by the US Army Corps of Engineers on a $20M five-year contract to support and upgrade control system installations at hydroelectric facilities within the USACE's South Atlantic region.
- The IDIQ contract will not be included in EGS's backlog until a task order under the contract is awarded.
- Award follows a contract won by the company on April 28 to implement a Supervisory Control and Data Acquisition, or SCADA, system upgrade and replacement for a large midwestern public school district.
- Stock surges 3.5% pre-market.
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ENG subsidiary bags $20M contract with US Army Corps of Engineers