ENGlobal Awarded Government Defense Contract
HOUSTON, July 21, 2010 (GLOBE NEWSWIRE) -- ENGlobal (Nasdaq:ENG), a leading provider of energy-related project delivery solutions, today announced that its wholly-owned subsidiary, ENGlobal Technical Services, Inc. ("ETS"), has been awarded a multi-year contract by the U.S. Department of Defense.
ETS is one of three firms that was awarded an indefinite-delivery/indefinite-quantity (ID/IQ), cost-plus-fixed-fee contract for technical and maintenance services for automated tank gauging, automated fuel service stations, and automated fuel handling equipment (AFHE). The scope of the project includes associated systems to include maintenance management, preventive/corrective maintenance, and operational support, as well as environmental leak detection, airfield refueling electrical supervision, and other control and sensor systems.
ETS will compete for task orders under the multi-year contract, issued by the Space and Naval Warfare ("SPAWAR") Systems Center Atlantic Charleston, S.C., which has a cumulative value of approximately $107 million, if all options are exercised. Work will be performed by ETS' Tulsa office throughout the contiguous U.S., the Pacific area (including Alaska and Hawaii), and Europe and is expected to be completed by July 2015.SPAWAR is one of three U.S. Department of Navy major acquisition commands and is the Navy's designated technical authority and acquisition command for command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), business information technology, and space systems. The SPAWAR command specifically procures high-end Navy information technology products and services, to the Navy fleet and other armed forces. Michael M. Patton, President of ENGlobal's Government Services group, said, "This contract award further solidifies our long-term relationship with SPAWAR and represents the quality of our work and the professionalism of our technical services staff. We are pleased the U.S. Navy continues to have confidence in ENGlobal's technical capabilities to perform engineering support on AFHE projects worldwide." About Space and Naval Warfare (SPAWAR) Systems Center, Charleston Space and Naval Warfare (SPAWAR) Systems Center, Charleston provides advanced communications and information capabilities across Department of the Navy, joint and coalition forces and consist of more than 12,000 highly-dedicated employees and contractors, deployed globally and near the fleet. Please visit www.public.navy.mil/spawar for further information about SPAWAR. About ENGlobal
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV