financetom
Business
financetom
/
Business
/
Montrose Secures Role In $1.5 Billion Air Force Environmental Contract: Details
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Montrose Secures Role In $1.5 Billion Air Force Environmental Contract: Details
Mar 3, 2025 9:09 AM

Montrose Environmental Group ( MEG ) has been selected by the U.S. Air Force for a $1.5 billion Multiple Award Task Order Contract (MATOC) to support global environmental projects.

In partnership with Tanaq Environmental —an Alaska Native Corporation and small disadvantaged business—Montrose will focus on contaminant remediation, including PFAS, as well as environmental planning and support services over the next decade.

As one of several firms awarded the contract, Montrose will receive a portion of the $1.5 billion. Since no purchase orders have been issued, the contract will not impact Montrose’s 2025 financial guidance.

Montrose Environmental ( MEG ) specializes in science-driven solutions for contaminant treatment, waste management, and regulatory compliance. With patented technologies and federal partnerships, including the EPA and the Department of Defense, Montrose provides cost-effective, sustainable solutions to protect public health and communities.

Price Action: MEG shares are trading higher by 4.66% at $20.34 last check Monday.

Read Next:

Polestar Secures New $450M Financing Deal To Boost Growth

Image via Shutterstock.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mastercard reaches 'agreement in principle' to settle mass UK fees case
Mastercard reaches 'agreement in principle' to settle mass UK fees case
Dec 3, 2024
LONDON, Dec 3 (Reuters) - Mastercard ( MA ) has reached an agreement in principle to settle a collective London lawsuit brought on behalf of British consumers over card fees, it said on Tuesday. The global payments processor was facing a lawsuit brought by consumer champion Walter Merricks on behalf of approximately 46 million adults in the United Kingdom. The...
Mastercard reaches 'agreement in principle' to settle mass UK fees case
Mastercard reaches 'agreement in principle' to settle mass UK fees case
Dec 3, 2024
LONDON (Reuters) - Mastercard ( MA ) has reached an agreement in principle to settle a collective London lawsuit brought on behalf of British consumers over card fees, it said on Tuesday. The global payments processor was facing a lawsuit brought by consumer champion Walter Merricks on behalf of approximately 46 million adults in the United Kingdom. The case became...
What's Going On With Uxin Shares Tuesday?
What's Going On With Uxin Shares Tuesday?
Dec 3, 2024
Uxin Limited ( UXIN ) shares are moving higher on Tuesday after the company announced a collaboration with Contemporary Amperex Technology. What To Know: The collaboration aims to promote the adoption and development of battery-swapping models, where consumers exchange a depleted battery for a full charged one, in the used car market. The companies will create a digital platform where...
CEA Industries Negotiating Deal to Acquire Specialty Retailer; Shares Rise
CEA Industries Negotiating Deal to Acquire Specialty Retailer; Shares Rise
Dec 3, 2024
12:49 PM EST, 12/03/2024 (MT Newswires) -- CEA Industries ( CEAD ) shares climbed by more than 15% in midday trading Tuesday after the company said it has signed a non-binding letter of intent to acquire a target in specialty retail and manufacturing. The transaction will include a combination of cash, shares and debt, the company said. CEA Industries (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved