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Granite Awarded $14 Million Airfield Improvement Project in California

BusinessWire_EN 
0 0 19.11.19
Granite Awarded $14 Million Airfield Improvement Project in California
 

Granite (NYSE:GVA) announced today it was awarded task orders totaling $14 million by Naval Facilities Engineering Command, Southwest, San Diego, California under a multiple award construction contract to repair taxiway India at Naval Base Coronado.

To replace existing deteriorated concrete with new compliant airfield pavement, Granite’s scope of work includes reconstruction of taxiway, demolition, earthwork, and construction of base, pavement, shoulders, striping, associated electrical along with incidental related work, cement stabilization, and replacement of waterline.

Work will be performed in San Diego, California, and is expected to be completed by December 2020.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its more than 6,000 employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for ten consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191118005918/en/

Granite Construction Stock

€50.00
-1.960%
A loss of -1.960% shows a downward development for Granite Construction.
Based on 2 Buy predictions and 1 Sell predictions the sentiment towards Granite Construction is rather balanced.
As a result the target price of 58 € shows a slightly positive potential of 16.0% compared to the current price of 50.0 € for Granite Construction.
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