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GSE Solutions climbs 11% on contract expansion worth $3M

Nov. 08, 2022 9:24 AM ETGSE Systems, Inc. (GVP) StockBy: Manshi Mamtora, CFA
  • GSE Solutions (NASDAQ:GVPhad been awarded two contract amendments for the continuation and expansion of specialized support services to two US Government (TIMXX) engineering laboratories that support the Department of Defense.
  • The two new amendments to the original contract add ~$3M to the value of the work, which was initially valued at over $2M, bringing the total contract value to ~$5M.
  • Stock jumps 11% during pre-market hours.

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