US Army Corps Awards $85M Ecosystem Protection Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2026
0mins
Source: Newsfilter
- Contract Value and Duration: The U.S. Army Corps of Engineers awarded the Black & Veatch-Stantec joint venture an $85 million contract for an eight-year period to provide design and engineering support for the Brandon Road Interbasin Project, ensuring long-term sustainability of ecosystem protection efforts.
- Ecosystem Protection Strategy: This initiative aims to modify the Brandon Road Lock and Dam to prevent invasive carp from entering the Great Lakes, thereby safeguarding local ecosystems and mitigating serious threats to commercial and recreational fisheries, which is crucial for the regional economies of both the U.S. and Canada.
- Technical Implementation Details: Black & Veatch and Stantec will design several site improvements, including a new engineered channel and larger underwater electric and acoustic deterrents, enhancing defenses against invasive species and ensuring the safety of ecological and economic resources.
- Long-term Partnership: This contract reflects the longstanding partnership between Black & Veatch and the U.S. Army Corps of Engineers, leveraging their deep expertise in complex water infrastructure to collaboratively advance a nationally critical project that delivers both environmental and economic benefits.
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Analyst Views on STN
Wall Street analysts forecast STN stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 69.740
Low
118.17
Averages
125.68
High
135.16
Current: 69.740
Low
118.17
Averages
125.68
High
135.16
About STN
Stantec Inc. is a Canada-based company, which provides sustainable engineering, architecture and environmental consulting. The Company is a designer, engineer, scientist, project manager and strategic advisor. Its expertise includes buildings; community development; energy; environment; federal government; mining, minerals & metals; transportation; water, and program & construction management. Its business operating units include infrastructure, water, environmental services, buildings and energy & resources. Its services include engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics, from initial project concept and planning through to design, construction administration, commissioning, maintenance, decommissioning, and remediation. It provides an array of permitting, conservation, ecosystem restoration, health sciences and ESG strategy services. Its segments are Canada, United States and Global.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Stantec CEO Gord Johnston Retires, Susan Reisbord Appointed as Successor
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- New CEO Appointment: Susan Reisbord, currently COO of North America, has been appointed as the new President and CEO, bringing over 30 years of industry experience, which is expected to drive further growth in the company's environmental services sector.
- Rich Leadership Experience: Reisbord joined Stantec in 2021 with the acquisition of Cardno, where she served as CEO, and later led the Environmental Services business unit before being promoted to COO for North America in 2025, showcasing her exceptional leadership capabilities.
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See More
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See More
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- Experienced Successor: Susan Reisbord brings over 30 years of industry experience, having joined Stantec in 2021 and held several key positions, ensuring the company's leadership in the environmental services sector.
- Stable Transition: This leadership change is based on a long-standing Board-led succession plan, ensuring continuity in client relationships and project delivery, reflecting Stantec's stability and consistency in the industry.
- Strong Legacy and Future Vision: Under Gord Johnston's leadership, Stantec underwent significant transformation, enhancing its global platform and sharpening its strategic focus, laying a solid foundation for future growth.
See More
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- Scope of Services: The initiative will provide end-to-end engineering and advisory services, including system design, treatment plant development, water resource assessments, and environmental analysis, ensuring infrastructure adaptability under climate and population pressures.
- Social Responsibility: The program will also incorporate social procurement initiatives, partnerships with Indigenous-owned businesses, and local workforce development, aiming to deliver broader community and economic benefits, enhancing the project's social value.
- Market Outlook: Stantec's strong presence in water infrastructure positions it as a promising mid-cap stock investment, with analysts generally optimistic about its future growth potential, although some AI stocks are viewed as having greater upside potential.
See More
US Army Corps Awards $85M Ecosystem Protection Contract
- Contract Value and Duration: The U.S. Army Corps of Engineers awarded the Black & Veatch-Stantec joint venture an $85 million contract for an eight-year period to provide design and engineering support for the Brandon Road Interbasin Project, ensuring long-term sustainability of ecosystem protection efforts.
- Ecosystem Protection Strategy: This initiative aims to modify the Brandon Road Lock and Dam to prevent invasive carp from entering the Great Lakes, thereby safeguarding local ecosystems and mitigating serious threats to commercial and recreational fisheries, which is crucial for the regional economies of both the U.S. and Canada.
- Technical Implementation Details: Black & Veatch and Stantec will design several site improvements, including a new engineered channel and larger underwater electric and acoustic deterrents, enhancing defenses against invasive species and ensuring the safety of ecological and economic resources.
- Long-term Partnership: This contract reflects the longstanding partnership between Black & Veatch and the U.S. Army Corps of Engineers, leveraging their deep expertise in complex water infrastructure to collaboratively advance a nationally critical project that delivers both environmental and economic benefits.
See More
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- Auditor Appointment: PricewaterhouseCoopers LLP was reappointed as Stantec's auditor for 2026, receiving 99.16% approval, reflecting shareholders' recognition of audit quality and emphasis on financial transparency.
- Executive Compensation Vote: Shareholders accepted Stantec's executive compensation approach with a 93.71% approval rate, demonstrating satisfaction with the company's pay policies, which may help attract and retain key talent.
- Shareholder Participation: A total of 83,408,932 shares, representing 73.12% of outstanding shares, were voted either in person or by proxy, showcasing high shareholder engagement and interest in corporate governance.
See More
Stantec CEO Gord Johnston Retires, Susan Reisbord Appointed as Successor
- Executive Retirement: Stantec (STN) announced that current President and CEO Gord Johnston will retire effective October 1, while remaining on the board as vice chair, ensuring continuity and stability in corporate governance.
- New CEO Appointment: Susan Reisbord, currently COO of North America, has been appointed as the new President and CEO, bringing over 30 years of industry experience, which is expected to drive further growth in the company's environmental services sector.
- Rich Leadership Experience: Reisbord joined Stantec in 2021 with the acquisition of Cardno, where she served as CEO, and later led the Environmental Services business unit before being promoted to COO for North America in 2025, showcasing her exceptional leadership capabilities.
- Johnston's Contributions: Johnston has served as CEO since January 2018, having held various leadership roles in Stantec's water business, significantly advancing the company's infrastructure operations, and will continue to provide strategic guidance post-retirement.
See More
Stantec Appoints New CEO as Johnston Retires
- Leadership Transition: Stantec announces that current COO Susan Reisbord will succeed retiring CEO Gord Johnston on October 1, reflecting the company's deep commitment to leadership continuity and stability.
- Strategic Plan Advancement: With over 30 years of industry experience, Reisbord has demonstrated strong performance as COO, and she is expected to continue driving the company's strategic plan to ensure sustained growth and stable client relationships.
- Johnston's Legacy: During his eight-and-a-half years as CEO, Johnston successfully strengthened Stantec's global platform and strategic focus, enhancing the company's technical excellence and collaborative culture, laying a solid foundation for future growth.
- Future Outlook: Reisbord expressed excitement about stepping into the role from a position of strength, emphasizing the company's importance in addressing global challenges and showcasing confidence and commitment to future development.
See More
Stantec Appoints New President & CEO
- Leadership Transition: Stantec announces that Gord Johnston will retire on October 1, with Susan Reisbord appointed as the new CEO, marking a continuity in leadership as the company advances its growth and strategic plan execution.
- Experienced Successor: Susan Reisbord brings over 30 years of industry experience, having joined Stantec in 2021 and held several key positions, ensuring the company's leadership in the environmental services sector.
- Stable Transition: This leadership change is based on a long-standing Board-led succession plan, ensuring continuity in client relationships and project delivery, reflecting Stantec's stability and consistency in the industry.
- Strong Legacy and Future Vision: Under Gord Johnston's leadership, Stantec underwent significant transformation, enhancing its global platform and sharpening its strategic focus, laying a solid foundation for future growth.
See More
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- Project Collaboration: Stantec, in partnership with Jacobs Solutions, has been awarded a five-year infrastructure planning program for Greater Western Water in Melbourne, aimed at addressing the challenge of demand doubling by 2050 due to population growth, ensuring long-term sustainability and reliability of infrastructure.
- Scope of Services: The initiative will provide end-to-end engineering and advisory services, including system design, treatment plant development, water resource assessments, and environmental analysis, ensuring infrastructure adaptability under climate and population pressures.
- Social Responsibility: The program will also incorporate social procurement initiatives, partnerships with Indigenous-owned businesses, and local workforce development, aiming to deliver broader community and economic benefits, enhancing the project's social value.
- Market Outlook: Stantec's strong presence in water infrastructure positions it as a promising mid-cap stock investment, with analysts generally optimistic about its future growth potential, although some AI stocks are viewed as having greater upside potential.
See More
US Army Corps Awards $85M Ecosystem Protection Contract
- Contract Value and Duration: The U.S. Army Corps of Engineers awarded the Black & Veatch-Stantec joint venture an $85 million contract for an eight-year period to provide design and engineering support for the Brandon Road Interbasin Project, ensuring long-term sustainability of ecosystem protection efforts.
- Ecosystem Protection Strategy: This initiative aims to modify the Brandon Road Lock and Dam to prevent invasive carp from entering the Great Lakes, thereby safeguarding local ecosystems and mitigating serious threats to commercial and recreational fisheries, which is crucial for the regional economies of both the U.S. and Canada.
- Technical Implementation Details: Black & Veatch and Stantec will design several site improvements, including a new engineered channel and larger underwater electric and acoustic deterrents, enhancing defenses against invasive species and ensuring the safety of ecological and economic resources.
- Long-term Partnership: This contract reflects the longstanding partnership between Black & Veatch and the U.S. Army Corps of Engineers, leveraging their deep expertise in complex water infrastructure to collaboratively advance a nationally critical project that delivers both environmental and economic benefits.
See More
Stantec Annual Shareholder Meeting Voting Results
- Director Election Results: At the shareholder meeting on May 14, 2026, all nine nominees for Stantec's Board of Directors were elected, with Martin A. à Porta receiving 99.24% support, indicating strong shareholder confidence in the management team.
- Auditor Appointment: PricewaterhouseCoopers LLP was reappointed as Stantec's auditor for 2026, receiving 99.16% approval, reflecting shareholders' recognition of audit quality and emphasis on financial transparency.
- Executive Compensation Vote: Shareholders accepted Stantec's executive compensation approach with a 93.71% approval rate, demonstrating satisfaction with the company's pay policies, which may help attract and retain key talent.
- Shareholder Participation: A total of 83,408,932 shares, representing 73.12% of outstanding shares, were voted either in person or by proxy, showcasing high shareholder engagement and interest in corporate governance.
See More
