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    SNC   CA78460T1057

SNC-LAVALIN GROUP INC.

(SNC)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-02-03 pm EST
30.17 CAD   +0.30%
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SNC-Lavalin awarded $62M US contract to relocate and equip U.S. military hospital

11/23/2022 | 07:45am EST

MONTREAL, Nov. 23, 2022 /CNW/ - SNC-Lavalin (TSX: SNC), a fully integrated professional services and project management company with offices around the world, was awarded a US$62 million contract by the U.S. Army Corps of Engineers (USACE) to provide Initial Outfitting & Transition (IO&T) Services for the replacement of the General Leonard Wood Army Community Hospital (GLWACH) in the state of Missouri. The Company will provide full services to transition approximately 1,156 staff located in the legacy facility and outlying medical spaces into the newly constructed state-of-the-art GLWCH facility.

"SNC-Lavalin is a leader in the design, building, operation and maintenance of public health projects, both locally and globally, and has a long history of working on projects that have long-lasting positive impacts on the communities it serves," said Ian L. Edwards, President and Chief Executive Officer, SNC-Lavalin. "These types of projects showcase the value we bring to our clients, and we are honored to continue to help support the DoD's investment, upgrading and replacing its healthcare facilities."

The GLWACH replacement is the largest project awarded under the IO&T Multiple Award Task Order Contract (MATOC) MATOC III. The project replaces a 40-year-old facility with a new modern medical campus programmed to support 5,700 active-duty military personnel, 20,400 trainees and their families. Work includes full project management services, with medical and non-medical equipment planning, furniture and equipment purchasing, transition planning and relocation, installation, testing, training, warehousing and final turnover and close-out.

"We have established ourselves as a trusted partner for the DoD around the globe, including work in the U.S., Germany and Korea with MATOC I & II," said George Nash, CEO of Atkins North America. "We are proud to be part of this critical mission to ensure that healthcare is available to our military, naval and air service members and their dependents and survivors."

The new US$302 million GLWACH facility is located at Fort Leonard Wood, MO. The new facility includes a 235,400 square-foot hospital, a 193,300 square foot clinic, central utility plant, emergency back-up generators, five-bay ambulance garage, helipad and support facilities.

The company has provided previous U.S. Military hospital IO&T services expertise at the Weed Army Community Hospital and Mary E. Walker Clinic at Fort Irwin, California, and the Brian D. Allgood Army Community Hospital at Camp Humphreys in South Korea. The Healthcare Operations Team has completed 22 IO&T projects in the past 10 years.

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital – and delivered to clients in key strategic sectors such as Engineering Services, Nuclear, Operations & Maintenance and Capital. News and information are available at snclavalin.com or follow us on LinkedIn and Twitter.

SOURCE SNC-Lavalin

© Canada Newswire, source Canada Newswire English

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Analyst Recommendations on SNC-LAVALIN GROUP INC.
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Financials
Sales 2022 7 596 M 5 676 M 5 676 M
Net income 2022 96,0 M 71,7 M 71,7 M
Net Debt 2022 1 824 M 1 363 M 1 363 M
P/E ratio 2022 47,9x
Yield 2022 0,27%
Capitalization 5 296 M 3 958 M 3 958 M
EV / Sales 2022 0,94x
EV / Sales 2023 0,92x
Nbr of Employees 30 989
Free-Float 99,9%
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Number of Analysts 13
Last Close Price 30,17 CAD
Average target price 35,92 CAD
Spread / Average Target 19,1%
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Managers and Directors
Ian L. Edwards President, Chief Executive Officer & Director
Jeffrey Allan Bell Chief Financial Officer & Executive Vice President
Bill L. Young Chairman
Steven Leon Newman Independent Director
Isabelle Courville Independent Director
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