) recently signed a $160-million worth indefinite
delivery/indefinite quantity contract with the Environmental
Protection Agency (EPA). Per the terms of the contract, CBI will
be providing environmental remediation services according to the
orders received by Region 9 of EPA. This region includes states
like Arizona, Nevada, California, Hawaii, tribal nations and U.S.
territories in the Pacific Ocean.
The Environmental & Infrastructure division of Chicago
Bridge provides full-scale environmental and infrastructure
services for government and private-sector clients around the
world. Through this division, the company provides program and
project management, design-build, engineering and construction,
sustainability and energy efficiency, remediation and
restoration, science and technology, facilities management and
emergency response and disaster recovery.
This contract is a significant achievement for CBI as usually
the government selects
Tetra Tech Inc.
) for such kind of services. Recently, in the first week of May,
Tetra Tech received a $100 million environmental remediation
services contract from the U.S. Department of Defense.
CBI has always received projects in its core area of expertise
such as LNG storage tanks and engineering, procurement,
construction activities for the energy sector. Now with this
contract, CBI can also benefit from the potential in the
Chicago Bridge & Iron primarily engages in the design,
build, repair and modification of steel tanks and other steel
plate structures. In addition, the company also has expertise in
the design and build of petroleum terminals, refinery pressure
vessels, low temperature and cryogenic storage facilities and
elevated water storage tanks for clients internationally.
CBI currently has a Zacks Rank #3 (Hold). Other industry
players such as
Orion Marine Group Inc.
Harris & Harris Group Inc
) carry a Zacks Rank #2 (Buy) and are worth a look.
CHICAGO BRIDGE (CBI): Free Stock Analysis
ORION MARINE GP (ORN): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
TETRA TECH NEW (TTEK): Free Stock Analysis
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