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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  SNC-Lavalin Group Inc.    SNC   CA78460T1057

SNC-LAVALIN GROUP INC.

(SNC)
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SNC Lavalin : awarded $11 million US Georgia Department of Transportation contract for Statewide Traffic Incident Management Services

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08/20/2020 | 07:45am EDT

MONTREAL, Aug. 20, 2020 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) announces that it has been selected as prime consultant under an $11 million USD contract with the Georgia Department of Transportation (GDOT). The three-year, with four optional one-year extensions, Indefinite Delivery Indefinite Quantity (IDIQ) contract is to support the continued development, implementation and maintenance of methodologies and procedures to optimize GDOT's Statewide Traffic Incident Management Services or STIMS. This contract is within SNCL Engineering Services, the cornerstone of our strategy moving forward to greater growth and profitability.

"This win adds to a rich portfolio of transportation projects across North America that connect people, places and businesses. We now look forward to working closely with GDOT as we deploy the latest technology to further increase the efficiency and safety of the state's highways and roads," said Philip Hoare, President Atkins, Engineering, Design & Project Management, SNC-Lavalin.

Under the new contract, the Company will focus on innovation, technology and data-driven solutions to support expanding TIM programs statewide in addition to providing the following:

  • Programmatic Services
  • Traffic Incident Management Enhancement (TIME) Program Support
  • Towing and Recovery Incentive Program (TRIP) Support
  • TIM Teams and Training
  • Highway Emergency Response Operator (HERO) Support
  • Managed Lanes Support Services
  • Additional Support Services

"We have been GDOT's partner in TIM, managing traffic management centre operations and fully engaged since 2011 and were instrumental in the opening and ongoing operation of the state's managed lanes," said George Nash, CEO, Atkins North America. "With a focus on being good stewards of taxpayer dollars for the department, we will help manage and expand the STIMS program with structured leadership, effective stakeholder engagement and a concentrated outreach plan to help GDOT continue to improve highway traffic safety."

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset lifecycle. Our expertise is wide-ranging — consulting & advisory, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and sustaining capital – and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), Infrastructure, Nuclear and Resources, supported by Capital. People. Drive. Results. www.snclavalin.com

SOURCE SNC-Lavalin

© Canada Newswire, source Canada Newswire English


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Financials
Sales 2020 8 277 M 6 279 M 6 279 M
Net income 2020 -46,0 M -34,9 M -34,9 M
Net Debt 2020 960 M 728 M 728 M
P/E ratio 2020 -35,6x
Yield 2020 0,37%
Capitalization 3 836 M 2 909 M 2 910 M
EV / Sales 2020 0,58x
EV / Sales 2021 0,51x
Nbr of Employees 46 490
Free-Float 100,0%
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Mean consensus BUY
Number of Analysts 14
Average target price 33,57 CAD
Last Close Price 21,85 CAD
Spread / Highest target 92,2%
Spread / Average Target 53,6%
Spread / Lowest Target 14,4%
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Managers
NameTitle
Ian L. Edwards President, Chief Executive Officer & Director
Bill L. Young Chairman
Jeffrey Allan Bell Chief Financial Officer
Steven Leon Newman Independent Director
Jean Raby Independent Director
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