Montrose to
support environmental restoration and planning work at Air Force
installations worldwide over the next 10 years
LITTLE
ROCK, Ark., March 3,
2025 /PRNewswire/ -- Montrose Environmental Group
(NYSE: MEG) is on a mission to help protect the air we breathe, the
water we drink, and the soil that feeds us. The company has been
selected as one of the top environmental firms by the United States
Air Force for the Multiple Award Task Order Contract (MATOC). Under
this contract, Montrose, in
partnership with Tanaq Environmental—an Alaska Native Corporation
and small, disadvantaged business—will work on various projects at
Air Force installations worldwide over the next decade. The
$1.5 billion MATOC contract includes
projects that address environmental remediation of traditional and
emerging contaminants, such as PFAS, and environmental planning and
support services.
"We are honored to be selected by the United States Air Force to
help safeguard the environment that supports those who protect us,"
said Vijay Manthripragada, President
and CEO of Montrose Environmental Solutions, Inc. "Our deep
expertise combined with industry-leading innovations deliver
real-world impact and help us tackle some of the world's most
pressing environmental challenges."
Several firms, including Montrose, were selected for the contract with
Montrose expected to receive a
portion of the total $1.5 billion
contract value. Since the Air Force has not yet initiated purchase
orders, no financial impact is anticipated in 2025, and the
contract is not reflected in Montrose's 2025 financial guidance provided on
February 26, 2025.
Montrose Environmental Group is a leader in environmental
solutions, delivering advanced, science-driven approaches to solve
complex challenges, including emerging contaminants treatment,
waste management, emissions, risk mitigation and regulatory
demands. With a strong portfolio of patented technologies and
ongoing research and development, we provide best-in-class
remediation, testing, and compliance solutions that help industries
and governments proactively address environmental risks. Our
expertise spans the public sector, including projects with the
Environmental Protection Agency (EPA), the Department of Defense,
and state environmental agencies, reinforcing our trusted
partnership in safeguarding public health.
Montrose is committed to
enabling economic progress while advancing environmental
stewardship. We deliver scalable, cost-effective solutions that
protect communities, ensure regulatory compliance, and drive
sustainable outcomes. Learn more about our solutions for the
Federal sector.
About Montrose
Montrose is a leading
environmental solutions company focused on supporting commercial
and government organizations as they deal with the challenges of
today and prepare for what's coming tomorrow. With ~3,400 employees
across 100+ locations worldwide, Montrose combines deep local knowledge with an
integrated approach to design, engineering, and operations,
enabling Montrose to respond
effectively and efficiently to the unique requirements of each
project. From comprehensive air measurement and laboratory services
to regulatory compliance, emergency response, permitting,
engineering, and remediation, Montrose delivers innovative and practical
solutions that keep its clients on top of their immediate needs –
and well ahead of the strategic curve. For more information,
visit www.montrose-env.com. Follow us on LinkedIn.
Forward–Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements may be identified by the use of
words such as "intend," "expect", and "may", and other similar
expressions that predict or indicate future events or that are not
statements of historical matters. Forward-looking statements are
based on current information available at the time the statements
are made and on management's reasonable belief or expectations with
respect to future events, and are subject to risks and
uncertainties, many of which are beyond the Company's control, that
could cause actual performance or results to differ materially from
the belief or expectations expressed in or suggested by the
forward-looking statements. Additional factors or events that could
cause actual results to differ may also emerge from time to time,
and it is not possible for the Company to predict all of them.
Forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update any
forward-looking statement to reflect future events, developments or
otherwise, except as may be required by applicable law. Investors
are referred to the Company's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the year ended December 31, 2023, for
additional information regarding the risks and uncertainties that
may cause actual results to differ materially from those expressed
in any forward-looking statement.
Contacts
Investor Relations
Adrianne Griffin
(949) 988-3383
ir@montrose-env.com
Media Relations
Tammy Hovey
(917) 520-2751
pr@montrose-env.com
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SOURCE Montrose Environmental Group, Inc.
