Stantec Secures Canada Arctic Radar Contract as 2025 Revenue Rises 10.7%
Stantec won the Government of Canada’s Arctic Over-the-Horizon Radar project first-phase engineering and design contract under a consortium with Aecon and Pomerleau. The firm also reported 2025 net revenue up 10.7% to $6.5B with record adjusted EBITDA of $1.1B (17.6% margin), hitting strategic targets a year early.
1. Government Radar Contract Award
Stantec has been selected to deliver the first phase of Canada’s Arctic Over-the-Horizon Radar project, providing long-range early-warning radar coverage for northern regions and supporting NORAD infrastructure modernization.
2. Consortium Scope and Timeline
Working under a collaborative model with Aecon and Pomerleau, Stantec will lead project management, civil, environmental, architecture, power, geotechnical and landscape engineering services; a validation phase starts in Q1 2026 and construction follows design development.
3. Record 2025 Financial Results
The company reported 2025 net revenue of $6.5 billion, up 10.7% driven by 5.0% organic growth and 3.9% acquisitions, and achieved record adjusted EBITDA of $1.1 billion at a 17.6% margin, reaching its 2024–2026 strategic target one year ahead.
4. Backlog, Cash Flow and Outlook
Operating cash flow jumped 43.1% to $862.9 million, contract backlog climbed to $8.6 billion, and the firm reduced its real estate footprint by 11%, while projecting 2026 revenue growth of 8.5%–11.5% and expanding EBITDA margin to 17.6%–18.2%, led by Water, Energy and Health Care segments.