- The U.S. Navy's Naval Facilities Engineering System Command (NAVFAC) Pacific has selected the WSM Pacific SIOP Joint Venture, comprising global engineering and design firms Stantec Inc. STN, WSP USA, and Moffatt & Nichol, to lead multidiscipline architect-engineer services as part of a five-year, $500 million single-award IDIQ contract.
- The contract will directly support the U.S. Navy's Shipyard Infrastructure Optimization Program (SIOP), a comprehensive effort to modernize infrastructure at four naval shipyards.
- The WSM Pacific SIOP JV team will develop design solutions for SIOP's modernization program, including critical dry dock projects, restoring and optimally placing shipyard facilities, and replacing outdated capital equipment.
- Price Action: STN shares are trading lower by 0.49% at $50.61 on the last check Friday.
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