Aegion wins contract from the St. Louis Sewer District

Aegion (AEGN +1.8%) moves up after announcing that its subsidiary, Insituform Technologies USA, has won a $6.7M contract from the Metropolitan St. Louis Sewer District.

The company previously won two contracts in April valued at approximately $10.4M.

The project entails Insituform installing over 34 miles of its cured-in-place pipe in wastewater pipelines ranging from 8-inches in diameter to 60-inches in diameter throughout the city of St. Louis and surrounding county, as part of a $.4.6B capital improvement and replacement plan.

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