MARKET WIRE NEWS

Bowman Awarded $3.9 Million in New USGS Task Orders

MWN-AI** Summary

On March 23, 2026, Bowman Consulting Group Ltd. (NASDAQ: BWMN) announced the acquisition of task orders totaling $3.9 million from the U.S. Geological Survey (USGS) under its Geospatial Products and Services Contract (GPSC4). These new assignments involve conducting multi-state airborne lidar data acquisition across Missouri, Kansas, and Alabama, as well as producing elevation-derived hydrography products (EDH) in Alaska utilizing Interferometric Synthetic Aperture Radar (IfSAR) data. This work will support the USGS's 3D Hydrography Program.

Gary Bowman, the company’s founder and CEO, commented on the significance of these contracts, stating that they represent high-value federal work that will promote sustainable growth and enhance future opportunities with the USGS. He emphasized that these task orders will bolster Bowman's federal backlog and improve the visibility of its manned-aerial revenue streams.

The work is being performed through Bowman’s joint venture, Merrick–Surdex Joint Venture (MSJV), which has over a decade of collaboration with the USGS in aerial lidar data acquisition and processing. Bowman's recent investments in advanced aircraft technology position the company well to capitalize on future opportunities as the USGS seeks consistent, high-quality topographic data. This positioning is especially critical as the USGS prepares for upcoming national initiatives and the next GPSC5 award cycle in 2026.

Headquartered in Reston, Virginia, Bowman Consulting provides a range of engineering services, including infrastructure planning, project management, and environmental consulting across the U.S., employing over 2,500 individuals in more than 100 locations. The company's commitment to innovation in geospatial practices is poised to play a central role in its engineering and asset management services moving forward.

MWN-AI** Analysis

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has recently secured $3.9 million in task orders from the U.S. Geological Survey (USGS), solidifying its position in the competitive geospatial services market. This timely investment in federal work not only enhances Bowman's revenue visibility but also showcases its capacity in high-value, multi-year projects that are essential for sustained growth.

Investors should view this announcement positively, reflecting Bowman's strategic alignment with federal initiatives that demand reliable topographic data, particularly in the context of expanding national mapping programs. The company's extensive experience in aerial lidar data acquisition positions it advantageously for future contracts, particularly as the USGS prepares for the GPSC5 award cycle in 2026. This is a pivotal moment for Bowman, as ongoing collaborations with USGS are likely to foster additional opportunities, thus further enhancing the company’s revenue streams and market position.

Moreover, Bowman's recent investments in high-performance aircraft for executing these contracts signify a commitment to innovation and operational excellence. The success of its joint venture, Merrick–Surdex, which has an established relationship with USGS, can be leveraged to gain future contracts and further solidify Bowman's foothold in the geospatial market.

From a financial standpoint, the sustained demand for advanced geospatial products and services reflects a growing trend in the engineering and consulting sectors, pointing toward potential revenue growth. Investors may want to watch for future earnings reports, particularly how these new task orders impact revenue and profitability metrics.

In summary, Bowman Consulting presents a compelling opportunity for investors who are looking to capitalize on the ongoing demand for geospatial services, with the potential for significant returns as federal contract work continues to expand.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

RESTON, Va., March 23, 2026 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, today announced it has received new task orders totaling $3.9 million under the U.S. Geological Survey’s (USGS) Geospatial Products and Services Contract (GPSC4). Under the task order assignments, Bowman is conducting multi-state airborne lidar data acquisition in Missouri, Kansas and Alabama, covering tens of thousands of square miles. Bowman will also produce and deliver elevation-derived hydrography products (EDH) using available Interferometric Synthetic Aperture Radar (IfSAR) data in Alaska to support the USGS 3D Hydrography Program.

“These assignments reflect exactly the type of high-value, multi-year federal work that builds durable growth and positions us for future opportunities with USGS,” said Gary Bowman, founder and CEO of Bowman. “These assignments strengthen our federal backlog of high-value revenue and increase the long-term visibility of manned-aerial revenue. We believe our geospatial practice will be at the core of all lifecycle engineering, design and asset management services for the foreseeable future.”

The work is being executed through Bowman’s Merrick–Surdex Joint Venture (MSJV) and will capitalize on the company’s recent investments in high-performance aircraft assets. MSJV has worked with USGS for over a decade leading multi-state aerial lidar data acquisition and processing. Bowman anticipates additional opportunities as USGS advances national initiatives requiring consistent, high-quality topographic data, positioning the joint venture for sustained activity across upcoming cycles and future federal mapping priorities, including the next GPSC5 award cycle in 2026.

About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure, technology and project management solutions to customers who own, develop and maintain the built environment. With over 2,500 employees in more than 100 locations throughout the United States, Bowman provides extensive planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

General Media Contact:
Christina Nichols
pr@bowman.com

Investor Relations Contact:
Betsy Patterson
ir@bowman.com


FAQ**

How will the recent $3.9 million task orders for Bowman Consulting Group Ltd. (BWMN) under the USGS GPSC4 impact the company's long-term growth strategy and federal work backlog?

The recent $3.9 million task orders for Bowman Consulting Group Ltd. under the USGS GPSC4 are likely to enhance the company's long-term growth strategy by increasing federal work backlog, thereby providing a steady revenue stream and bolstering its market position.

What specific technologies and methodologies will Bowman Consulting Group Ltd. (BWMN) utilize to execute the multi-state airborne lidar data acquisition and EDH production projects for USGS?

Bowman Consulting Group Ltd. (BWMN) will utilize advanced airborne LiDAR technologies, cutting-edge data processing methodologies, and integrated geospatial analysis tools to effectively execute the multi-state airborne LiDAR data acquisition and Enhanced Digital Height (EDH) production projects for USGS.

How does Bowman Consulting Group Ltd. (BWMN) plan to leverage its experience with the USGS to prepare for the upcoming GPSC5 award cycle in 2026?

Bowman Consulting Group Ltd. (BWMN) plans to leverage its USGS experience by enhancing its project management capabilities and strengthening partnerships to improve its competitive edge and maximize opportunities for the GPSC5 award cycle in 2026.

In what ways does the ongoing partnership between Bowman Consulting Group Ltd. (BWMN) and USGS enhance the company's position in the federal mapping market for future cycles?

The partnership between Bowman Consulting Group Ltd. and USGS enhances the company's position in the federal mapping market by leveraging USGS's credibility and resources, expanding access to government contracts, and improving technological capabilities for future project cycles.

**MWN-AI FAQ is based on asking OpenAI questions about Bowman Consulting Group Ltd. (NASDAQ: BWMN).

Bowman Consulting Group Ltd.

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