Michael Baker Corporation (NYSE:BKR) has announced that it’s engineering unit Michael Baker Jr., Inc., has been awarded an Indefinite Delivery/Indefinite Quantity contract from the Naval Facilities Engineering Command (NAVFAC) Atlantic. The contract, valued at $75 million, is for the provision of architectural and engineering services for Multimedia Environmental Compliance Engineering Support to the Navy and other Department of Defense entities. Baker will now provide the NAVFAC with environmental compliance services in the areas of petroleum storage tanks, oil spill preparedness and planning, waste management, environmental condition of property programs, sustainability services, Clean Air Act, Safe Drinking Water Act, Stormwater Pollution Prevention Plans and Clean Water Act, wastewater plans and studies, Laboratory services, pesticide management and radon.
Free Hot Penny Stocks, an online financial publication, provides investors timely stock market alerts. Free hot penny stocks profiles stock picks that could generate higher returns than average. These penny stocks include stocks with news, chart breakouts or increased volume.
Sign Up Today for our Penny Stock Newsletter
Michael Baker Corporation provides engineering and energy services to public and private sector clients worldwide through its operating subsidiaries. The Company is a provider of outsourced operations and maintenance services to the energy industry in the Gulf of Mexico. The Company operates through two segments: Engineering and Energy. The Company’s Engineering segment provides a variety of design and related consulting services, principally in the United States. The Energy segment provides a range of services to operating energy production facilities worldwide. Contracts with various branches of the United States government accounted for 34% of its total contract revenues for the year ended December 31, 2008. The Company’s contracts with the Federal Emergency Management Agency (FEMA) accounted for approximately 13% of its revenues in 2008. In October 2009, the Company completed the sale of its energy business segment (Baker Energy) to a subsidiary of John Wood Group PLC.
Sign Up for Free Hot Penny Stocks’ FREE Penny Stock Newsletter.
About Us
Free Hot Penny Stocks is a financial website and independent electronic publication that provides information and free penny stock alerts on selected publicly traded companies. We also track small cap companies and other stocks that may be positioned to break out. These penny stocks might have news, increased volume or chart breakouts. These penny stocks that are alerted could generate greater than average returns. Feel free to visit our penny stock forum to discuss other penny stock picks or penny stocks that you might own.
Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
