The award of a substantial $155 million contract to Sterling Infrastructure for a runway extension project at Lihue Airport is likely to have a positive impact on the company's stock price in the short term. This contract not only boosts the company's backlog for the first quarter of 2024 but also signals potential revenue growth and increased market confidence in Sterling Infrastructure's capabilities and financial health. Such contracts are typically viewed positively by investors as they indicate a strong pipeline of future work and revenue.