Sypris Receives Order For Atoka Water Project For Oklahoma City; Pipeline Is Slated To Cost $800M And Move More Than 100M Gallons Of Water Per Day
Portfolio Pulse from Happy Mohamed
Sypris Technologies, a subsidiary of Sypris Solutions (SYPR), has received an order to supply 72-inch Insulated Joints for the expansion of the Atoka Water Pipeline for the Oklahoma City Water Utilities Trust. The project, which is the largest municipal water infrastructure project in Oklahoma's history, is expected to cost $800 million and move more than 100 million gallons of water per day. Shipments under this order are expected to start in 2023 and finish in 2024.
July 31, 2023 | 12:35 pm
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POSITIVE IMPACT
Sypris Solutions' subsidiary, Sypris Technologies, has secured a significant order for the Atoka Water Pipeline project. This could potentially boost the company's revenues and profitability in the coming years.
The order for the Atoka Water Pipeline project is a significant win for Sypris Technologies and by extension, Sypris Solutions. This could lead to increased revenues and profitability for the company in the coming years, especially given the size and cost of the project. Therefore, this news is likely to have a positive impact on the company's stock price in the short term.
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