NV5 Awarded $250 Million NOAA Contract to Advance National Shoreline Mapping and Coastal Resilience
HOLLYWOOD, Fla., June 05, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of tech-enabled engineering, certification, and consulting solutions, announced today that it has been selected by the National Oceanic and Atmospheric Administration (NOAA) for a five-year, multiple award contract valued at up to $250 million to provide shoreline mapping services in support of the National Geodetic Survey (NGS).
"Building on over a decade of experience supporting NOAA's geospatial initiatives, NV5 is uniquely positioned to meet the technical and operational demands of this contract," said Kurt Allen, President of NV5 Geospatial.
NV5's comprehensive geospatial services will support NOAA's Coastal Mapping Program to enhance the development and maintenance of nautical charts and other essential coastal applications. NV5 will collect and analyze high-precision geospatial data using ground, aerial, and satellite platforms to ensure accurate coverage of oceanic, arctic, lake, and riverine systems and support national emergency response such as hurricane recovery.
"The mandated nature of NV5's services and our proven technical expertise and operational scale differentiate NV5 in the geospatial sector and insulate us from the recent federal funding cuts," added Ben Heraud, CEO of NV5. "This award reinforces our leadership in national geospatial data programs and our role in delivering innovative solutions to support infrastructure, navigation, and environmental sustainability."
About NV5
NV5 Global, Inc. (NASDAQ:NVEE) is a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions for the built environment. The Company specializes in engineering design, asset management, and geospatial data analytics to support infrastructure resilience and building systems performance throughout the entire asset lifecycle. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company's website at www.NV5.com. Also visit the Company on X, LinkedIn, and Facebook.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the "Risk Factors" set forth in the Company's most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Executive Vice President, Strategic Growth & Investor Relations
Tel: +1-954-637-8048
Email: [email protected]
Source: NV5 Global, Inc.
