.ENGlobal (NASDAQ:ENG) announced a new project award valued at ~$7M.
The company's Automation business segment has been selected as the supplier of Analytical Process Control Equipment for a major chemical complex on the U.S. Gulf Coast.
William A. Coskey, P.E., CEO of ENGlobal stated, "This important award illustrates a general uptick in activity we've recently experienced in our business. As one data point, the Company's overall backlog has increased approximately 20% thus far in the fourth quarter of 2016, with all ENGlobal business units experiencing backlog growth during this period. We're encouraged by this recent trend, and the size and breadth of the proposal opportunities we're currently seeing."