BWMN

Bowman Consulting Group Ltd. Selected to Lead Aerial Lidar Data Collection for USGS 3D Elevation Program

Bowman Consulting Group and Merrick & Company will conduct aerial lidar data collection for the USGS’s 3D Elevation Program.

Quiver AI Summary

Bowman Consulting Group Ltd. has been chosen by the U.S. Geological Survey (USGS), in collaboration with Merrick & Company, to lead aerial lidar data collection for the 3D Elevation Program (3DEP), a federal initiative aimed at creating high-resolution topographic data to aid in climate resilience and infrastructure planning. This task order, part of the multi-year Geospatial Products and Services Contract (GPSC4), involves surveying over 8,800 square miles in regions impacted by Hurricane Helene across Georgia, Tennessee, Alabama, and South Carolina. Bowman will handle aerial data acquisition and lidar processing, while Merrick will manage the project and conduct quality assurance. This partnership strengthens Bowman's position in federal contracts, having already processed over 150,000 square miles of lidar data. The collected data will support critical decision-making for various stakeholders, including public safety and environmental agencies.

Potential Positives

  • Bowman Consulting Group has been awarded a significant federal task order to lead aerial lidar data collection for the USGS, reinforcing its reputation and ability to secure government contracts in the competitive geospatial services sector.
  • The task order encompasses over 8,800 square miles in regions affected by Hurricane Helene, highlighting Bowman's role in critical infrastructure planning and climate resilience initiatives.
  • This award strengthens Bowman's long-term partnerships with federal agencies and solidifies its leadership position in the high-barrier Geospatial Products and Services Contract (GPSC4), with only 10 contractors approved for national initiatives like 3DEP.
  • Bowman's successful track record of collecting and processing over 150,000 square miles of lidar data under GPSC4 positions the company for anticipated additional awards, emphasizing growth potential and revenue generation.

Potential Negatives

  • None

FAQ

What is the 3D Elevation Program (3DEP)?

3DEP is a federal initiative aimed at creating a national baseline of high-resolution, three-dimensional topographic data for various planning needs.

Who is leading the aerial lidar data collection for 3DEP?

Bowman Consulting Group Ltd., in partnership with Merrick & Company, is leading the aerial lidar data collection for 3DEP.

How large is the area covered by this latest task order?

This task order covers over 8,800 square miles in Georgia, Tennessee, Alabama, and South Carolina.

What role does Bowman play in this partnership?

Bowman leads all aerial acquisition and lidar processing, while Merrick handles project management and quality assurance.

What impact will the collected data have?

The data will help inform decisions related to public safety, infrastructure planning, and emergency response after events like Hurricane Helene.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$BWMN Insider Trading Activity

$BWMN insiders have traded $BWMN stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $BWMN stock by insiders over the last 6 months:

  • ROBERT ALAN HICKEY (Chief Legal Officer) has made 0 purchases and 5 sales selling 15,000 shares for an estimated $375,102.
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$BWMN Analyst Ratings

Wall Street analysts have issued reports on $BWMN in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

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$BWMN Price Targets

Multiple analysts have issued price targets for $BWMN recently. We have seen 2 analysts offer price targets for $BWMN in the last 6 months, with a median target of $29.75.

Here are some recent targets:

  • Andrew Wittmann from Baird set a target price of $29.0 on 05/08/2025
  • Sherif El-Sabbahy from B of A Securities set a target price of $30.5 on 03/12/2025

Full Release



RESTON, Va., July 10, 2025 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, has been selected by the U.S. Geological Survey (USGS) along with Colorado-based Merrick & Company to lead aerial lidar data collection in support of its

3D Elevation Program (3DEP)

, marking the latest in a series of federal task orders awarded under the multi-year Geospatial Products and Services Contract (GPSC4). 3DEP is a federal initiative to create the first-ever national baseline of high-resolution, three-dimensional topographic data to support climate resilience, infrastructure planning and emergency response.



This latest task order includes aerial data collection and processing across regions severely impacted by Hurricane Helene and encompasses over 8,800 square miles in Georgia, Tennessee, Alabama and South Carolina. The work will be conducted jointly through a partnership between Bowman and Merrick, with Bowman leading all aerial acquisition and lidar processing and Merrick handling project management, ground survey and quality assurance/quality control.



"This award reinforces the strategic value of our long-term federal partnerships and our positioning within high-barrier-to-entry programs like GPSC4," said Gary Bowman, founder and CEO of Bowman. "Each task order generates reoccurring revenue and strengthens our leadership in delivering geospatial data that informs national infrastructure and resilience planning."



There are only 10 contractors approved under the USGS GPSC4 to provide services for national initiatives like 3DEP. To date, Bowman has successfully collected and processed over 150,000 square miles of lidar data under GPSC4. Bowman and Merrick have supported four five-year project cycles for USGS and will continue providing geospatial acquisition services through 2026. Additional task order awards are anticipated within the current fiscal year.



3DEP data is used by federal, state and local agencies to inform critical decisions related to public safety, property, the environment and long-term infrastructure planning. Data acquired by Bowman is expected to help stakeholders—including the U.S. Forest Service in its response to the aftermath of Hurricane Helene—better assess impacted areas and support broader response, planning and mitigation efforts in regions affected by extreme weather events.




About Bowman Consulting Group Ltd.



Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure, technology and project management solutions to customers who own, develop and maintain the built environment. With over 2,400 employees in more than 100 locations throughout the United States, Bowman provides extensive planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit

bowman.com

or

investors.bowman.com

.




General Media Contact:



Christina Nichols



pr@bowman.com




Investor Relations Contact:



Betsy Patterson



ir@bowman.com






This article was originally published on Quiver News, read the full story.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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