NV5 Subsidiary Axim Geospatial Bags $9M National Security Contract

NV5 Global Inc NVEE subsidiary, Axim Geospatial, LLC, has secured $9 million in national security geospatial contracts from intelligence agencies and the Department of Defense.
NV5 Global acquired Wisconsin-based Axim Geospatial last month.
The scope of the awarded orders includes the creation and integration of authoritative geospatial intelligence (GEOINT) from traditional and non-traditional sources.
Finished data and products are key enablers for members of the armed forces, policymakers, and partners worldwide in support of national security priorities.
Axim Geospatial applies automated capabilities, including artificial intelligence/machine learning (AI/ML) to detect and produce topographic features such as hydrography, transportation, buildings, and landcover for mapping and charting.
"Axim's leadership position in national security geospatial data analytics was a key factor in the strategic decision to acquire Axim, and these awards are evidence of the valuable insights that we bring to the defense and intelligence community," said Dickerson Wright, Chairman and CEO of NV5.
Price Action: NVEE shares traded lower by 1.22% at $104.67 on the last check Monday.