The group said it has clinched a contract from an existing Class 1 railroad customer to upgrade a Railcar Inspection Portal and expand automated mechanical inspections.

Ferry, who spent 26 years in the US military, brings experience in the energy and defense contracting sectors.

For the period ended June 30, 2020, the Jacksonville, Florida-based company reported revenue of $1.98 million, compared to $1.35 million in the second quarter of 2019.

The contract is valued at around $2.1 million and will be executed in two phases, with half to occur in 2020 while the balance is to be completed in early 2021