ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, has been awarded a recompete contract from a major U.S. utility to support construction of a 500kV electrical transmission line. The contract has a value of $48 million and a term of three years.
Under the terms of the contract, ICF will conduct biological surveys and provide on-site monitors to help ensure compliance with environmental requirements during the construction period. ICF has provided similar services for the past three years.
“This work has contributed to the client’s ability to construct one of the nation’s largest transmission lines under the most rigorous environmental requirements,” said Ted Lee, vice president for ICF International. “With the great demand for new transmission projects, ICF is poised to apply this experience across the country.”
ICF International is a worldwide leader in designing and implementing construction-monitoring programs that assist its clients in achieving full compliance with the often-challenging environmental and regulatory requirements associated with building major infrastructure projects.For More Information http://www.icfi.com. Caution Concerning Forward-looking Statements Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern ICF’s current expectations about its future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; ICF’s particular business, including its dependence on contracts with U.S. federal government agencies; and its ability to acquire and successfully integrate businesses. These and other factors that could cause ICF’s actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of ICF’s securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and ICF specifically disclaims any obligation to update these statements in the future.
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