Atlas Technical Bags $15M Contract For Railroad Safety Services

Atlas Technical Consultants Inc ATCX has been selected by the Georgia Department of Transportation's (GDOT) Railroad Safety Program to provide Engineering & Design and Environmental services related to rail crossings owned by a Class 1 rail operator.
The contract has a maximum value of $15 million with an initial term of three years. The contract also has an option for a two-year extension.
GDOT's Railroad Safety Program aims to identify, reduce and eliminate hazards at at-grade railroad crossings.
Under the contract, Atlas' technical staff will conduct field inventory of railroad crossings, provide concept, preliminary, and final design plans for prioritized projects, as well as prepare National Environmental Policy Act (NEPA) studies.
Price Action: ATCX shares traded higher by 0.18% at $5.54 on the last check Friday.