NV5 Awarded $10 Million Location and Surveys Contract by North Carolina Department of Transportation
Rhea-AI Summary
NV5 (NVEE) has secured a two-year, $10 million statewide contract from the North Carolina Department of Transportation (NCDOT) to provide comprehensive geospatial and utility services. The contract encompasses advanced data collection and mapping solutions, including GPS services, laser scanning, aerial imaging using unmanned aerial systems (UAS), and elevation data acquisition. NV5 will also deliver aerial mapping control, route location surveys, and subsurface utility engineering to support transportation project planning. The company will provide dedicated UAS operators and operations management to maintain aerial data quality.
Positive
- Secured a significant $10 million contract with NCDOT
- Contract strengthens long-term partnership with NCDOT
- Services remain critical regardless of economic conditions
- Expands presence in infrastructure services sector
Negative
- None.
News Market Reaction
On the day this news was published, NVEE declined 0.31%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOLLYWOOD, Fla., May 28, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of tech-enabled engineering, certification, and consulting solutions, announced today that it has been awarded a two-year,
NV5 will deliver a wide range of advanced data collection and mapping solutions, including GPS services, mobile and terrestrial high-density laser scanning, aerial image collection and mapping products using unmanned aerial systems (UAS), aerial lidar collection and processing, and elevation data acquisition. Additional services will include aerial mapping control, route location surveys, and subsurface utility engineering (SUE) to assist in the design and planning of critical transportation projects.
NV5 will also provide dedicated UAS operators and UAS operations management to ensure the quality and consistency of aerial data operations. These capabilities will play a vital role in assisting NCDOT to enhance infrastructure accuracy, safety, and project efficiency across North Carolina.
“NV5’s focus on essential infrastructure services and advanced data solutions positions us to support large-scale projects that remain critical regardless of economic conditions,” said Ben Heraud, CEO of NV5.
“This award reflects our decades-long partnership with NCDOT and reinforces our commitment to supporting reliable, efficient, and forward-looking infrastructure across North Carolina,” said Ryan Lyttle, Vice President of Survey at NV5.
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: ir@nv5.com
Source: NV5 Global, Inc.
FAQ
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