NV5 Awarded $20 Million Contract for Design of Underground Power Lines
NV5 Global, Inc. (NVEE)
Last nv5 global, inc. earnings: 2/26 04:01 pm
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Source: GlobeNewswire
HOLLYWOOD, Fla., Jan. 16, 2020 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it has been awarded a contract for the engineering design of underground power lines in California. The project is part of an effort to mitigate fire risks and reduce the need to interrupt electrical service during windy conditions, which is a common safety measure in fire-prone areas. The multi-phase program will place hundreds of miles of underground power lines, providing reliable electrical service to thousands of customers. This initial project has already begun and is expected to be completed in 2021. The entire project is a multi-year, multi-phase program, and NV5 expects to generate approximately $20 million over the duration of the program. “We are proud of the support that NV5 is providing to improve the safety and reliability of electrical service for our client
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