Shares of Montrose Environmental Group (NYSE: MEG) surged 5.6% in Monday's pre-market trading session, fueled by the company's announcement that it has been selected as one of the top environmental firms by the United States Air Force for a $1.5 billion Multiple Award Task Order Contract (MATOC).

Under the MATOC contract, Montrose, in partnership with Tanaq Environmental, will work on various environmental restoration and planning projects at Air Force installations worldwide over the next decade. The contract covers a wide range of services, including environmental remediation of traditional and emerging contaminants like PFAS, as well as environmental planning and support services.

This massive contract win solidifies Montrose Environmental Group's position as a leader in the environmental solutions space. The company's deep expertise and industry-leading innovations allow it to tackle some of the world's most pressing environmental challenges, from advanced contaminants treatment to emissions management and regulatory compliance. With an integrated approach to design, engineering, and operations, Montrose aims to deliver scalable, cost-effective solutions that protect communities and drive sustainable outcomes.