NV5 Awarded $100 Million Engineering and Design Contract by

NV5 Awarded $100 Million Engineering and Design Contract by National Utility


NV5 Awarded $100 Million Engineering and Design Contract by National Utility
HOLLYWOOD, Fla., Jan. 25, 2021 —
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, and engineering consulting solutions, announced today that it was awarded a contract by a major national utility to provide engineering and design services for power distribution, transmission, and substation infrastructure. Projects assigned under this agreement will support power grid modernization and improved reliability and safety. The three-year contract is expected to generate over $100 million in revenue for NV5.
“We are pleased to have been selected for this contract, which is part of our ENERGY 2021 initiative goal to deliver $250 million in annual energy services revenue by the end of 2021,” said Dickerson Wright, PE, Chairman and CEO of NV5. “Our ongoing investments in technical capabilities and resources to serve the utility industry have strengthened our position as a leader in the sector and have provided the scale to deliver projects of this magnitude.”

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