Emergent Gets Piece of Prime NASA Contract
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Emergent Information Technologies Inc. said Monday it received a subcontract valued at about $40 million to provide engineering, science and technology services to the National Aeoronautics and Space Administration’s Goddard Space Flight Center.
Total value of the five-year prime Space and Earth Sciences Data Analysis contract is $204.5 million.
The Newport Beach company’s stock, however, slid to a 52-week low of $1.88 a share before closing at $2, off 28 cents a share, in Nasdaq trading.
Emergent Information provides information technology systems, modeling and simulation services, and systems engineering to business and government.
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