Montrose Environmental Group (MEG) said Monday it was among the companies selected by the US Air Force for a $1.5 billion multiple award task order contract.

The company said it will support environmental restoration and planning work, in collaboration with Tanaq Environmental, at different Air Force installations globally over the next decade.

Montrose said no financial impact is expected this year as the US Air Force has not yet initiated purchase orders.

Shares of the company were up 5.9% in recent Monday trading.

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