HOUSTON, TX, May 24, 2018 (GLOBE NEWSWIRE) -- ENGlobal Corp. (NASDAQ: ENG) announced today that its ENGlobal Government Services subsidiary (EGS) has received two modifications to existing contracts totaling approximately $15 million from the U.S. Department of Defense. The first modification will increase the Company’s scope of work by approximately $3 million and the second modification for approximately $12 million will extend certain ongoing capital and maintenance projects for two years.
William A. Coskey, P.E., Chairman and CEO of ENGlobal stated: “This significant increase in scope of work from our government client is a result of the ongoing exceptional performance provided by the EGS team. We at ENGlobal greatly value our long history of providing the U.S. Military with fuel supply chain and IT related services.”
For over 30 years, EGS has provided the federal government with design, installation, and maintenance of Automated Fueling Systems, Automated Tank Gauges (ATG), Supervisory Control and Data Acquisition (SCADA) development and integration, cyber security, and modular engineered solutions.
ENGlobal (Nasdaq: ENG) is a provider of engineering and automation services primarily to the energy sector throughout the United States and internationally. ENGlobal operates through two business segments: Automation and Engineering. ENGlobal's Automation segment provides services related to the design, fabrication and implementation of distributed control, instrumentation and process analytical systems. Within the Automation segment, ENGlobal’s Government Services group provides engineering, design, installation, operations, and maintenance of various government, public sector, and international facilities, specializing in turnkey automation and instrumentation systems for the U.S. Defense industry worldwide. The Engineering segment provides consulting services for the development, management and execution of projects requiring professional engineering, construction management, and related support services. Further information about the Company and its businesses is available at www.ENGlobal.com.
Safe Harbor for Forward-Looking Statements
The statements above regarding the Company’s expectations regarding its operations and certain other matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties, including the timing, amount and scope of any government award. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ENGlobal’s filings with the Securities and Exchange Commission, including the Company’s most recent reports on Form 10-K and 10-Q, and other SEC filings.
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