Montrose Environmental Group Selected by US Air Force as One of Top Environmental Firms for $1.5 Billion MATOC Contract

Rhea-AI Summary

Montrose Environmental Group (NYSE: MEG) has been selected by the US Air Force as one of several top environmental firms for a $1.5 billion Multiple Award Task Order Contract (MATOC). The 10-year contract involves environmental restoration and planning work at Air Force installations worldwide.

In partnership with Tanaq Environmental, an Alaska Native , Montrose will work on projects addressing environmental remediation of traditional and emerging contaminants, including PFAS, along with environmental planning and support services. The company will receive a portion of the total contract value, though no financial impact is anticipated in 2025 as the Air Force has not yet initiated purchase orders. The contract is not reflected in Montrose's 2025 financial guidance provided on February 26, 2025.

Positive

• Secured position in $1.5B US Air Force MATOC contract
• 10-year contract duration provides long-term revenue potential
• Partnership with disadvantaged business enhances federal contract opportunities

Negative

• No immediate revenue impact in 2025
• Contract value split among multiple firms
• Actual revenue dependent on future purchase orders

News Market Reaction

+2.26%

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+2.26% News Effect

On the day this news was published, MEG gained 2.26%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Montrose to support environmental restoration and planning work at Air Force installations worldwide over the next 10 years

LITTLE ROCK, Ark., March 3, 2025 /PRNewswire/ -- Montrose Environmental Group (NYSE: MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us. The company has been selected as one of the top environmental firms by the United States Air Force for the Multiple Award Task Order Contract (MATOC). Under this contract, Montrose, in partnership with Tanaq Environmental—an Alaska Native Corporation and small, disadvantaged business—will work on various projects at Air Force installations worldwide over the next decade. The $1.5 billion MATOC contract includes projects that address environmental remediation of traditional and emerging contaminants, such as PFAS, and environmental planning and support services.

"We are honored to be selected by the United States Air Force to help safeguard the environment that supports those who protect us," said Vijay Manthripragada, President and CEO of Montrose Environmental Solutions, Inc. "Our deep expertise combined with industry-leading innovations deliver real-world impact and help us tackle some of the world's most pressing environmental challenges."

Several firms, including Montrose, were selected for the contract with Montrose expected to receive a portion of the total $1.5 billion contract value. Since the Air Force has not yet initiated purchase orders, no financial impact is anticipated in 2025, and the contract is not reflected in Montrose's 2025 financial guidance provided on February 26, 2025.

Montrose Environmental Group is a leader in environmental solutions, delivering advanced, science-driven approaches to solve complex challenges, including emerging contaminants treatment, waste management, emissions, risk mitigation and regulatory demands. With a strong portfolio of patented technologies and ongoing research and development, we provide best-in-class remediation, testing, and compliance solutions that help industries and governments proactively address environmental risks. Our expertise spans the public sector, including projects with the Environmental Protection Agency (EPA), the Department of Defense, and state environmental agencies, reinforcing our trusted partnership in safeguarding public health.

Montrose is committed to enabling economic progress while advancing environmental stewardship. We deliver scalable, cost-effective solutions that protect communities, ensure regulatory compliance, and drive sustainable outcomes. Learn more about our solutions for the Federal sector.

About Montrose

Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today and prepare for what's coming tomorrow. With ~3,400 employees across 100+ locations worldwide, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling Montrose to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com. Follow us on LinkedIn.

Forward–Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Contacts
Investor Relations
Adrianne Griffin
(949) 988-3383
ir@montrose-env.com

Media Relations
Tammy Hovey
(917) 520-2751
pr@montrose-env.com 

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SOURCE Montrose Environmental Group, Inc.

FAQ

What is the value and duration of MEG's new Air Force MATOC contract?

The MATOC contract is valued at $1.5 billion and spans 10 years, with Montrose receiving a portion of the total value.

When will MEG start generating revenue from the Air Force MATOC contract?

No revenue is expected in 2025 as the Air Force has not yet initiated purchase orders.

What types of environmental services will MEG provide under the Air Force contract?

MEG will provide environmental remediation of traditional and emerging contaminants (including PFAS), environmental planning, and support services.

Who is MEG partnering with for the Air Force MATOC contract?

MEG is partnering with Tanaq Environmental, an Alaska Native and small, disadvantaged business.