Shimmick Awarded $45.4M Murray Street Bridge Project in Santa Cruz
Portfolio Pulse from
Shimmick Construction Company, Inc. has been awarded a $45.4 million contract for seismic retrofitting and improvements to the Murray Street Bridge in Santa Cruz, enhancing its resilience and accessibility.
December 02, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shimmick Construction Company, Inc. has secured a $45.4 million contract for the Murray Street Bridge project, which is expected to enhance the company's revenue and strengthen its position in the infrastructure sector.
The $45.4 million contract is a significant addition to Shimmick's project portfolio, likely increasing its revenue and enhancing its reputation in the infrastructure sector. This positive development is expected to have a favorable impact on SHIM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100