National Geospatial-Intelligence Agency Selects NV5 for Geospatial Contract Valued Up to $290 Million
NV5 Global, Inc. (Nasdaq: NVEE) has been awarded a prime contract with the National Geospatial-Intelligence Agency (NGA) under the Luno A program. The $290 million contract is a five-year, multiple-award indefinite delivery, indefinite quantity agreement to provide unclassified commercial geospatial intelligence (GEOINT)-derived computer vision and analytic services.
The contract aims to monitor global economic and environmental activity, as well as military capabilities, leveraging commercial computer vision and artificial intelligence capabilities. It will integrate into analytic workflows for the national security community's operational use. NV5 anticipates receiving approximately $30 million in revenue over the contract term.
Dickerson Wright, PE, Executive Chairman of NV5, expressed pleasure in being selected to support the national intelligence community through GEOINT-derived analytics, highlighting NV5's 20-year history of supporting NGA's mission.
NV5 Global, Inc. (Nasdaq: NVEE) ha ricevuto un contratto principale con l'Agenzia Nazionale di Intelligenza Geospaziale (NGA) nell'ambito del programma Luno A. Il contratto da 290 milioni di dollari è un accordo di consegna indefinita e quantità indefinita, pluripremiato, della durata di cinque anni, per fornire servizi analitici e di visione computerizzata derivati dall'intelligence geospaziale commerciale (GEOINT).
L'obiettivo del contratto è monitorare l'attività economica e ambientale globale, nonché le capacità militari, utilizzando potenzialità di visione computerizzata commerciale e intelligenza artificiale. Questo si integrerà nei flussi di lavoro analitici per l'uso operativo della comunità della sicurezza nazionale. NV5 prevede di ricevere circa 30 milioni di dollari di entrate durante il periodo del contratto.
Dickerson Wright, PE, Presidente Esecutivo di NV5, ha espresso soddisfazione per essere stato selezionato per supportare la comunità dell'intelligence nazionale attraverso analisi derivate dal GEOINT, sottolineando la storia di 20 anni di NV5 a supporto della missione della NGA.
NV5 Global, Inc. (Nasdaq: NVEE) ha sido galardonada con un contrato principal con la Agencia Nacional de Inteligencia Geoespacial (NGA) bajo el programa Luno A. El contrato de 290 millones de dólares es un acuerdo de entrega indefinida y cantidad indefinida, con múltiples adjudicaciones, que tiene una duración de cinco años para proporcionar servicios analíticos y de visión por computadora derivados de la inteligencia geoespacial comercial (GEOINT).
El objetivo del contrato es monitorear la actividad económica y ambiental global, así como las capacidades militares, aprovechando las capacidades de visión por computadora comercial y de inteligencia artificial. Se integrará en los flujos de trabajo analíticos para el uso operativo de la comunidad de seguridad nacional. NV5 anticipa recibir aproximadamente 30 millones de dólares en ingresos durante el periodo del contrato.
Dickerson Wright, PE, Presidente Ejecutivo de NV5, expresó su satisfacción por haber sido seleccionado para apoyar a la comunidad de inteligencia nacional a través de análisis derivados de GEOINT, destacando la experiencia de 20 años de NV5 en apoyo a la misión de la NGA.
NV5 Global, Inc. (Nasdaq: NVEE)는 NGA(국가지리정보국)와 Luno A 프로그램에 따라 주요 계약을 체결했습니다. 이 2억 9천만 달러 규모의 계약은 5년 동안 유효하며, 무제한 배송 및 무제한 수량 계약으로 상업적 지리정보(GEOINT) 기반의 컴퓨터 비전 및 분석 서비스를 제공하는 것입니다.
이 계약의 목표는 글로벌 경제 및 환경 활동, 그리고 군사 능력을 모니터링하며, 상업적 컴퓨터 비전과 인공지능 기술을 활용하는 것입니다. 이는 국가 안보 커뮤니티의 운영용 분석 워크플로우에 통합될 예정입니다. NV5는 계약 기간 동안 약 3천만 달러의 수익을 예상하고 있습니다.
NV5의 집행 의장인 Dickerson Wright, PE는 GEOINT 기반 분석을 통해 국가 정보 커뮤니티를 지원하게 되어 기쁘다고 전하며, NGA의 임무를 지원한 20년의 역사에 대해 강조했습니다.
NV5 Global, Inc. (Nasdaq: NVEE) a été attribué un contrat principal avec l'Agence Nationale de Renseignement Géospatial (NGA) dans le cadre du programme Luno A. Le contrat de 290 millions de dollars est un contrat à livraison indéfinie et à quantité indéfinie, multi-attribution d'une durée de cinq ans, pour fournir des services d'analyse et de vision par ordinateur dérivés de l'intelligence géospatiale commerciale (GEOINT).
Le contrat vise à surveiller les activités économiques et environnementales mondiales, ainsi que les capacités militaires, en tirant parti des capacités commerciales de vision par ordinateur et d'intelligence artificielle. Il sera intégré dans les workflows analytiques pour l'utilisation opérationnelle de la communauté de la sécurité nationale. NV5 prévoit de recevoir environ 30 millions de dollars de revenus pendant la durée du contrat.
Dickerson Wright, PE, Président Exécutif de NV5, a exprimé sa satisfaction d'avoir été sélectionné pour soutenir la communauté du renseignement national grâce à des analyses dérivées du GEOINT, soulignant les 20 ans d'expérience de NV5 à soutenir la mission de la NGA.
NV5 Global, Inc. (Nasdaq: NVEE) wurde mit einem Hauptvertrag mit der National Geospatial-Intelligence Agency (NGA) im Rahmen des Luno A-Programms beauftragt. Der Vertrag über 290 Millionen US-Dollar ist ein Fünfjahresvertrag mit mehreren Zuschlägen, der eine unbefristete Lieferung und eine unbestimmte Menge an unklassifizierten kommerziellen Geospatial Intelligence (GEOINT) abgeleiteten Computer Vision- und Analysediensten vorsieht.
Der Vertrag hat zum Ziel, globale wirtschaftliche und umweltbezogene Aktivitäten sowie militärische Fähigkeiten zu überwachen und nutzt dabei kommerzielle Computer Vision- und künstliche Intelligenztechnologien. Er wird in analytische Arbeitsabläufe für den operativen Einsatz in der Gemeinschaft der nationalen Sicherheit integriert. NV5 rechnet mit einem Umsatz von etwa 30 Millionen US-Dollar im Laufe der Vertragslaufzeit.
Dickerson Wright, PE, Executive Chairman von NV5, äußerte sich erfreut über die Auswahl zur Unterstützung der nationalen Nachrichtendienstgemeinschaft durch GEOINT-abgeleitete Analysen und hob die 20-jährige Geschichte von NV5 zur Unterstützung der Mission der NGA hervor.
- Awarded $290 million contract with National Geospatial-Intelligence Agency
- Five-year contract term
- Expected to generate $30 million in revenue for NV5
- Expands relationship with NGA, building on 20-year history
- Leverages commercial computer vision and AI capabilities
- None.
Insights
This contract win is a significant development for NV5, representing a substantial revenue opportunity. The
The contract's focus on geospatial intelligence and AI-driven analytics aligns well with NV5's expertise and could potentially lead to further opportunities in the high-value government sector. The multi-year nature of the contract provides a degree of revenue stability and visibility, which is generally viewed favorably by investors.
However, it's important to note that as a multiple-award contract, NV5 may face competition for task orders within the
The Luno A program represents a significant technological opportunity for NV5. By leveraging commercial computer vision and AI capabilities for geospatial intelligence, NV5 is positioning itself at the forefront of a critical and rapidly evolving field.
The integration of these advanced technologies into analytic workflows for national security applications demonstrates the increasing importance of AI and machine learning in defense and intelligence sectors. This contract could serve as a valuable showcase for NV5's capabilities, potentially opening doors to other high-tech government contracts.
The focus on monitoring global economic and environmental activity, as well as military capabilities, suggests a broad scope that will likely require sophisticated data processing and analysis tools. NV5's success in this contract could establish it as a key player in the intersection of geospatial technology and national security, a sector with significant growth potential.
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
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 www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
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
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com
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