Civeo Awarded 4-Yr Contract With Ontario's Ministry Of Solicitor General; Contract Expected To Commence In April 2026
Benzinga Newsdesk 9 months ago
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Civeo Corporation (NYSE:CVEO) today announced that it was awarded a four-year contract with Ontario's Ministry of the Solicitor General, under which it anticipates producing and transporting approximately 20,000 meals
Civeo Corporation (NYSE:CVEO) today announced that it was awarded a four-year contract with Ontario's Ministry of the Solicitor General, under which it anticipates producing and transporting approximately 20,000 meals per day to ten provincial correctional facilities across Ontario. While the contract is expected to commence in April 2026, transition activities will start in advance of April 2026. The contract includes an option to extend the term by two years.
The new contract incorporates cook-chill food production and transportation of the prepared meals. Meals will be produced at a centralized facility and transported to ten provincial correctional facilities throughout Ontario. The contract is expected to generate approximately C$24 million in revenues in the first year of the contract period.