The
GR Engineering Services Ltd(ASX: GNG) share price has surged higher in morning trade, up 3.51% at $1.18.
This follows the company’s announcement of a new Australian government contract for its wholly owned subsidiary, Upstream Production Solutions Pty Ltd (Upstream PS).
What’s driving the GR Engineering share price today?
In today’s ASX release, GR Engineering reported that Upstream PS has secured a 1-year contract with the Department of Industry, Science, Energy and Resources (DISER).
In the contract, the company will provide operations, maintenance and project services to the Northern Endeavor floating production storage and offloading (FPSO) facility and its associated infrastructure.