GSE Wins Two Master Services Agreements Worth $35 Million with Major US Utility for Contract Workforce Support
GSE Systems, Inc. (GVP) has secured two master services agreements valued at $35 million for engineering and staffing support at a major US utility. This initiative aims to address the widening skills gap in the power industry. GSE's Nuclear Industry Training and Consulting (NITC) group, with a history of contracts since 2011, will supply diverse professionals for various roles. The contracts have a two-year budget with options for extensions, highlighting GSE's reputation in providing top-tier nuclear expertise in a competitive market.
- Secured two master services agreements totaling $35 million.
- Contracts extend GSE's successful tenure with the utility since 2011.
- Expansion of services indicates strong demand for nuclear workforce solutions.
- None.
GSE Systems, Inc. (“GSE Solutions” or “GSE”) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that GSE’s Nuclear Industry Training and Consulting (NITC) group was awarded two master services agreements (MSAs) with a combined total worth of
The widening skills gap and aging workforce remain critical challenges for the industry in both the near- and long-term. GSE’s NITC group has held contracts to fulfill the utility’s staff augmentation needs for nuclear professionals since 2011. Known for its elite nuclear expertise, GSE has proved that it can supply a talent force that is diverse and equipped to support all facets of a utility’s personnel requirements. These new contracts expand GSE’s mandate to provide additional support for the customer as needed.
These new contracts will enable GSE to recruit and supply field professionals, engineers, and administrative, operations, scientific, maintenance, and operations support personnel to deliver nuclear and non-nuclear services on projects at a variety of locations including plant and utility offices. These contracts will initially be budgeted at
“GSE’s NITC group beat out tough competition to win this award. It is an endorsement of the value this business brings to our utility customers,” said Kyle Loudermilk, President and CEO of GSE Solutions. “GSE’s field experts are respected professionals with years of hands-on experience improving client processes and maximizing plant efficiency.”
“We’ve added key business development executives to GSE’s NITC team and are positioned to capitalize on the next upswing in bidding activity,” said Brian Greene, Vice President of GSE’s Nuclear Industry Training and Consulting division. “Our technical professionals and superior training solutions are second to none.”
ABOUT GSE SOLUTIONS
We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that allow customers to achieve the performance they imagine. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is proven, with over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. www.gses.com
GSE’s Nuclear Industry Training and Consulting (NITC) group is comprised of GSE Hyperspring and GSE Absolute Consulting, two proven companies with years of experience providing unparalleled levels of specialized staffing and training support.
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FAQ
What is the significance of GSE's recent contracts worth $35 million?
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