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EMCOR Gains on Fort Belvoir Medical Maintenance Contract - Analyst Blog

Shares of EMCOR Group Inc. ( EME ) rose 1.13% following the contract win by its subsidiary - EMCOR Government Services (EGS). EGS will be providing operation, maintenance and systems repair services to the Virginia based Fort Belvoir Community Hospital and the Northern Region Medical Command building in Fort Belvoir.

The contract entails EGS to provide similar operation, maintenance and repair services for both Fort Belvoir Community Hospital and the Northern Region Medical Command building.

Per the contract, EGS is required to repair and maintain crucial systems like the heating, ventilation, and air conditioning (HVAC), medical gas, fire and life safety, communications, vertical transportation and the hospital emergency power systems. This apart, the company will undertake the responsibility for repairing electrical issues, plumbing and refrigeration while providing services for grounds maintenance, water treatment and pest control as well as energy management services.

The 1.8 million square foot Fort Belvoir Community Hospital is equipped with numerous patient beds, operating rooms, intensive care unit, nursery, specialty outpatient clinics and even a Warrior Transition Unit. EGS has been efficiently providing these services to this facility since its initiation in 2011.

The extension of this contract to include the Northern Region Medical Command building reinstates federal confidence in the company's services, which are not only cost-effective but also add significantly to the facility's overall performance.

EMCOR currently has a Zacks Rank #2 (Buy). Some other similar-ranked stocks in the sector include Primoris Services Corporation ( PRIM ), Sterling Construction Co. Inc. ( STRL ) and Tutor Perini Corporation ( TPC ).

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


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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