Bowman to Provide Aerial Orthoimagery Services for North Carolina CGIA

Rhea-AI Summary

Bowman Consulting Group (NASDAQ: BWMN) has secured a one-year contract with North Carolina's Center for Geographic Information and Analysis (CGIA) to provide high-resolution digital orthoimagery services. The project covers 3,650 square miles across five counties in the Eastern Piedmont region, generating 4,070 tiles of 6-inch pixel resolution imagery.

The imagery will support the NC 911 Board's emergency planning and response capabilities, while also serving various state agencies for transportation planning, disaster recovery, economic development, and environmental assessment. The data will be publicly accessible through the NC OneMap platform.

The contract leverages capabilities gained through Bowman's Surdex acquisition. The company reports that geospatial and technology-oriented imaging services made significant contributions in 2024, with expectations for continued momentum in 2025. Despite potential federal spending changes, Bowman maintains a positive outlook, noting minimal disruptions and potential outsourcing opportunities.

Positive

• Secured new contract for orthoimagery services in North Carolina
• Successful integration of Surdex acquisition capabilities
• Significant growth in geospatial services contribution in 2024
• Strong public sector work performance in 2024
• Minimal disruption from federal spending changes

Negative

• None.

Insights

Geospatial Technology & Government Contracts Analyst

This contract win reveals several strategic advantages for Bowman's market position and growth trajectory. The selection for North Carolina's mission-critical orthoimagery program demonstrates the successful integration of Surdex's capabilities, validating the acquisition strategy and creating a stronger competitive moat in the specialized geospatial services sector.

The contract's structure offers multiple value drivers:

• Part of a systematic four-year refresh cycle, providing visibility into recurring revenue opportunities
• Integration with emergency services and multiple government applications, increasing switching costs and relationship stickiness
• Public accessibility requirement through NC OneMap platform, showcasing Bowman's work to other potential government clients

The CEO's commentary about minimal disruptions from federal spending changes is particularly noteworthy, as it suggests potential opportunities from government outsourcing initiatives. This could accelerate Bowman's public sector growth, especially given their demonstrated capability to handle large-scale, precision-dependent projects.

The successful execution of this contract could serve as a powerful reference case for securing similar contracts in other states, considering that all states require comparable geospatial services for emergency response, urban planning, and infrastructure development. The project's scope - covering diverse geographic settings across 3,650 square miles - showcases Bowman's ability to handle complex, large-scale implementations.

The positive outlook for 2025, coupled with the reported momentum in technology-oriented services during 2024, indicates that Bowman is successfully positioning itself at the intersection of traditional engineering services and advanced geospatial technology solutions. This strategic positioning could drive higher margins and create barriers to entry for competitors lacking similar technological capabilities.

Recent wins reinforce positive outlook for continued growth in 2025

RESTON, Va.--(BUSINESS WIRE)-- Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ: BWMN), a national engineering services firm, has been awarded a one-year contract by the State of North Carolina’s Center for Geographic Information and Analysis (CGIA) to deliver high-resolution, 6-inch pixel digital orthoimagery covering the counties of Bladen, Johnston, Sampson, Wayne and Wilson in the state’s Eastern Piedmont region.

Under the agreement, Bowman will produce orthorectified images by employing initial survey ground control, precise aerial flight acquisition, rigorous quality assurance and quality control (QA/QC) protocols, and advanced post-processing techniques. Encompassing a 3,650-square-mile area that features a diverse mix of rural and urban settings with varying geographic and land-use types, the project ensures complete coverage for each county and will generate 4,070 individual tiles of seamless, high-resolution imagery.

The data collected by Bowman will support the North Carolina 911 Board’s ongoing efforts toward emergency planning and response, ensuring dispatchers can accurately identify roads, driveways and structures to improve response times. Beyond emergency services, state agencies and local governments will leverage the imagery for transportation planning, disaster recovery, economic development, environmental assessment and land surveying. All records will be publicly accessible through the NC OneMap platform, serving as a vital resource for a wide range of applications across the state.

“This contract underscores the enhanced geospatial capabilities Bowman has gained through our Surdex acquisition and highlights the synergies created by the integration of our operations and technologies,” said Gary Bowman, chairman and CEO of Bowman. “We are confident in our ability to build on this longstanding relationship with the State of North Carolina and appreciate the opportunity to again provide high-precision data-driven solutions that the state and its stakeholders rely on for informed decision-making.”

“Geospatial and other technology-oriented imaging and modeling services made significant contributions to our business in 2024, and we expect that momentum to continue into 2025,” continued Bowman. “Our focus on securing and delivering public sector work generated meaningful increases in 2024. We have been monitoring our backlog and sales closely for any disruptions which could occur in connection with changing federal government spending priorities and DOGE efforts. Currently, the disruptions have been relatively minimal, and in some cases are presenting opportunities for outsourcing. At this time, we maintain a positive outlook for 2025.”

Bowman’s efforts in the Eastern Piedmont region are part of North Carolina’s four-year refresh cycle under the NC Orthoimagery Program. As part of this initiative, a quarter of the state is flown each year to maintain up-to-date, high-accuracy imagery for statewide use. This ensures that agencies and communities across the state have the tools they need to respond effectively to natural disasters, infrastructure challenges and public safety needs.

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is a national engineering services firm offering infrastructure engineering, technical services and project management solutions to owners and operators of the built environment. With over 2,300 employees in more than 100 locations throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250224175155/en/

General Media Contact:

Renee Narvaez

pr@bowman.com

Investor Relations Contacts:

Betsy Patterson

ir@bowman.com

Source: Bowman Consulting Group

FAQ

What is the scope of Bowman's (BWMN) new North Carolina orthoimagery contract?

The contract covers 3,650 square miles across five counties (Bladen, Johnston, Sampson, Wayne, and Wilson) in North Carolina's Eastern Piedmont region, producing 4,070 tiles of 6-inch pixel resolution imagery.

How will Bowman's (BWMN) orthoimagery services benefit North Carolina emergency services?

The imagery will help 911 dispatchers accurately identify roads, driveways, and structures to improve emergency response times and support emergency planning efforts.

What is Bowman's (BWMN) outlook for geospatial services in 2025?

Bowman maintains a positive outlook for 2025, expecting continued momentum from their geospatial and technology-oriented imaging services, which showed significant growth in 2024.

How often does North Carolina update its orthoimagery under the NC Orthoimagery Program?

The NC Orthoimagery Program operates on a four-year refresh cycle, with a quarter of the state being flown each year to maintain up-to-date imagery.