Granite Announces $34M Seismic Improvement Project At Oakland International Airport
Portfolio Pulse from Benzinga Newsdesk
Granite (NYSE:GVA) has secured a $34 million contract for seismic improvements at Oakland International Airport, funded partly by the FAA. The project aims to enhance the airport's perimeter dike resilience against seismic events.
October 08, 2024 | 8:33 pm
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POSITIVE IMPACT
Granite has been awarded a $34 million contract for seismic improvements at Oakland International Airport, which will be reflected in their third-quarter CAP. This project enhances Granite's portfolio and revenue stream.
The $34 million contract is a significant addition to Granite's project portfolio, likely boosting their revenue and market perception positively. The involvement of FAA funding adds credibility and stability to the project.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90