National Geospatial-Intelligence Agency Selects NV5 for Geospatial Contract Valued Up to $290 Million
HOLLYWOOD, Fla., Sept. 24, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, certification, and consulting solutions, announced today that it has been awarded a prime contract with the National Geospatial-Intelligence Agency (NGA) to provide unclassified commercial geospatial intelligence (GEOINT)-derived computer vision and analytic services under the Luno A program.
“We are pleased to have been selected by NGA to support the national intelligence community through GEOINT-derived analytics,” said Dickerson Wright, PE, Executive Chairman of NV5. “NV5 has built a reputation supporting NGA’s mission for over 20 years, and we look forward to expanding our relationship with NGA and the value we deliver to the agency through the Luno A program.”
The $290 million contract is a five-year, multiple-award indefinite delivery, indefinite quantity contract to monitor global economic and environmental activity, as well as military capabilities. The contract will leverage commercial computer vision and artificial intelligence capabilities and will integrate into analytic workflows for the national security community’s operational use. NV5 anticipates that it will receive approximately $30 million in revenue over the term of the Luno A contract.
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services. NV5 operates out of more than 100 offices nationwide and internationally. For additional information, please visit the Company’s website at . Also visit the Company on , , , and .
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